kelly_420_brian
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debit is a card that automatically takes the amount of the purchase out of your banking account and a credit card is just a stupid thing that has REALLY high intrest rates usually. Dont spend it unless you have it in cash or in the bank |
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Brina
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Credit card - You owe money plus interest
Debit card - Comes directly out of your checking account |
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Dan821
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A credit card is a card issued to you by the credit card company, that you charge an amount and you promise to pay back to them by the agreement to use the card, and usually a small fee.
A debit card draws money directly from your checking or savings account when you use it. So you do not have to repay the amount. |
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LynX
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Credit - You loan some money to buy something or do something with them.
Credit card - a card with a code, a place where you can store money, can pay with it, like visa,master card, American express
Debit - is some thing that you already purchased and have to pay each month, or something like that. |
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Jean
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Debit card is taking money out of your checking account.
You're using your own money.
A credit card is also money, but it's not technically yours. You have to
pay back everything you purchased with it PLUS interest. But it
helps with your credit score which can be helpful when you want
to take out a loan or mortgage.
Now if you opened a checking account and your bank gave you a
debit card with a VISA or MasterCard logo on it, then that means
you can use it anywhere that accepts VISA or MasterCard.
And with that kind of card, it doesn't matter if you do a credit or
debit transaction because the amount will ultimately be deducted from your checking account. |
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Eiffel Tower
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Maybe I could start off by saying something along the lines of my overall happiness with the company and our department. Then I'll say something like, " I think it's time to reassess my salary, and allow me to tell you why I feel this way..." |
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one4you2belike
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credit is exactly that - you don't have to have the money in an account just a credit limit of lets say 1000.00 then you charge whatever you want and make a monthly payment.
Debit has to be in a savings or checking in order to use it so you have to have the money available for withdrawal. |
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Sweet Lady Mom
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A debit card takes the money from your bank account - it is similar to writing a check. A credit card allows you to use your creditor's money, and pay it back in payments. |
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12know
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A credit card is you use first, pay later..if you pay within 30 days, no interest charged.if you pay more than 30 days, the card campany will charge you interest for what is outstanding. A debit card is you use but must pay in 30 days. |
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tony r
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debit cards only allow you to purchase things limited by available funds credit lets you purchase things only set by available credit |
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Jenny
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Credit. Every time you use a credit card, you are actually borrowing money that is made available to you by a bank or other financial institution. The institution pays the debt to the vendor, and in turn, you pay the money back to the institution. By signing up for a credit card, you agree to pay back the money that you borrowed, in addition to any interest drawn on the amount you borrowed.
Debit. Odds are, you have a debit card in your wallet or purse right now, since many ATM cards are programmed to have debit options. Issued by your bank, debit cards take funds directly from the money that you have in your bank account--in a sense acting like a check, just faster. With a debit card, you don't have to carry cash or checks, and it is very convenient to shop at a variety of places including gas stations, grocery stores, restaurants, and retail stores. They provide instant access to your money and are accepted worldwide.
Debit cards are used like credit cards, meaning that the store you are shopping at 'swipes' them, and then you sign off on the receipt. You don't have to show a picture ID, and there is usually no PIN number for you to punch in. |
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Debt Free!
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credit - you borrow someone elses money
debit - you pay with your own
credit - you will end up in debt
debit - you buy what you can afford |
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YouTube
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usually the debit card is linked to a checking acct, and pulls from that source to pay. The credit card is paid by visa , mastercard etc andthen you owe the amount later |
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