stickercam
 |
Debit cards, the money comes directly from from your bank account. If you dont have enough money in your account you can't buy what you want with it.
Credit cards, the money comes from your credit limit, you then choose to pay off the debt you make to the credit card company at the end of the month either in full or partial (in which case you pay interest on the amount) |
|
K L
 |
Debit card = using money you HAVE
credit card = using money you DON'T HAVE
to break it down... a Debit Card is like using a check, only it gets processed right then and there...
Credit cards are basically money that you borrow (your credit limit) that you have to pay back eventually... It allows you to make large purchases without having the actual money in your bank account. Also they charge you interest on top of what you have to pay back (thats' how they make their money). So for like a $100 dollar purchase you made, and are going to pay back each month $25 of it, and your interest rate is 20%, then your going to be paying $120 dollars ($20 more then what you paid for the item) |
|
I love Jesus!
|
On a debit it comes from your money in the bank. Credit is wear you don't have that money and you have to pay the credit card people the money after you spend money on it. |
|
jorzelyn
 |
a debit card is attached to your checking account, so all the money spent on the card comes right out of your bank account (like a check, the card is just for convenience). A credit card uses borrowed money and you get a bill at the end of the month to pay back all the borrowed money you spent on the credit card. |
|
impossible
|
Credit card - money you borrow from a company with interest
Debit card - can be used anywhere a credit card can but it takes the money out of your savings/checking account instead of you borrowing it. |
|
julia4evert
|
debit has no line of credit, just coming from your checking or savinga acct. |
|
sansjazz
 |
credit cards you pay at the end of the month. debit cards take money directly out of your checking acct. |
|
jxt299
 |
credit card, you are extended credit for your purchase, debit card you put in the money first and the price of your purchase is deducted as soon as you make your purchase |
|
stanleys_2001
|
Debit.. takes from money you have...
Credit borrows from money you don't have. |
|
squeegybum
|
credit card allows you to purchase products on a time basis with applicable interest rate
debit card allows you to make purchases with the purchase amount immediately dedcuted from your checking account |
|
M L
 |
With a Debit card, You can only use as much money as You have in your checking account. With a credit card, you can spend, spend, spend, until your credit limit is maxed, and therefore ruining your life forever. |
|
I-o-d-tiger
 |
credit cards are money that you don't already have and you must pay back. kind of like a loan. Debit cards take the money out of your checking account however. a bank card can act like a credit or debit card but it still takes the money right from your checking account. If you choose to use it as a debit card they may charge you foriegn atm charges if you choose to use it as a credit card there is no foreign atm charge and the money still comes out of your account. (you can't spend more than you have in the account it's just an easier form of being able to spend what you have.) |
|
spechome2006
|
Debit card is a direct debit (Minus) to you checking or saving acccount.. A Credit Card is a line of credit that you pay in monthly installments. |
|
buggeredmom
 |
All of the above answers are correct to certain extent.
But, a bank card can operate as both a debit and credit card. This card looks like an ATM card with a MasterCard or Visa logo on it.
Have you ever been asked "debit or credit?" after running your card through at a checkstand? It took me awhile to figure out the difference.
If you respond "debit" the charge is taken straight out of your bank acct. if you have sufficient monies in the acct to cover the purchase.
"Credit" will allow you to use a lender to cover the purchase IF you don't have enough money in your acct to cover the purchase. But, this credit has interest and fees involved if you don't have enough money in the acct.
Took me awhile to figure this out. My bank charges $2 for each debit transaction. I learned to use my bank card as a credit card and always keep enough money in the acct to cover credit charges.
Save money at the checkstand. If you know you have enough money in your bank acct, run it through on credit. That way MC or Visa pays the fees, not you. |
|
brewbeer212
|
credit....you owe
debit.....you don't owe....it's using the cash you already have |
|
carebears0408
 |
Credit card - You will only receive your bills statement at the end of the month. After receiving the bill, you may pay in full or just pay the minimum amount required, but of course there will be interest calculated based on the balance. As for the interest, it varies from bank to bank.
Debit card - The moment you use the card, the amount is deducted immediately from your bank, so you have to make sure that there is sufficient amount for deduction. |
|
koros
|
Debit card is linked to your checking account in the bank and there is no interest charged.
Credit cards let you use money that's not yours, but they charge high interest rates so you end up paying far more in the end. |
|
SAMUEL D
|
Credit cards: this is where you charge
Debit card: this is where you have an account and you extract money from you account: example a ATM
Click on the URl below for further Information
en.wikipedia.org/wiki/Credit_card |
|
anyone
|
A debit card is linked to your bank account and it doesn't let you spend money that isn't in the account. A credit card lets you spend money you don't have. Debit doesn't charge interest, credit does.
And a credit purchase usually needs your sigature for authorization, but a debit purchase usually requires your PIN.
If your PIN is secret, a debit card is more secure against fraud than a credit card, but ususally "purchase protection" is only available on credit card purchases.
Car rentals and hotel incidental charges need a credit card with a high limit in case you trash the car or room, but I like to use my debit card for ordinary shopping- no surcharge. |
|
jincr
|
Use of a credit card is borrowing money, with interest. A debit card takes money that you already have directly out of your bank account. |
|
carelesswhisper1015
|
credit cards allow you to charge the item......debit cards pay for the item directly from your checking acct. |
|
Nefertiti
|
A credit card allows you to make purchases with money you don't have, for a fee. A debit card allows you to make purchases using money in your existing checking account. |
|
tmac
|
Debit card, the money comes straight out of your checking account. It is the money that you already have. A credit card is basically a loan that you will have to pay back to the company with interest included. And the bills can REALLY build up!! Good thing about credit cards however, is if you use it for small amounts here and there and pay everything back on time you will build up your credit. |
|
kea33w
|
As a cashier, the difference is Credit is easier unless the damn register runs out of tape, and Debit is easier unless they want cash back and you just opened up and don't have the money, so you have to call a manager, and the line's building up....
Sorry, memories. |
|
Campbell Gramma
|
when you use a credit card...you are " borrowing " the money..and will pay interest on it.....
when you use a debit card...it comes directly out of your checking account......just like taking the cash out and paying for it yourself...only you don't have to carry the cash.... |
|
Hoa N
|
credit card is a LOAN
debit card is the cash account from your checking account |
|
joeysmom2
|
This question has been asked about half a million times... Did you try searching for your answer before you wrote it.... Just thinking you could have saved yourself 5 pts. |
|
mack j
|
a credit card is a card that allows you to borrow money and a debit card is a card that allows you to spend money that you have in the bank. |
|
vonnapaige
|
Debit card is money that is yours through your bank account, credit card is money that they give you and you have to pay back. credit is like you are borrowing the money and you pay it back with interest. Debit is your own money that you made you put it in the bank and withdraw it with you debit card. |
|
pink_pink_u_stink
|
a credit card, is a line of credit extended to you. a debit card is directly connected to your checking account, and has only enough credit as what your balance is. |
|
jill
|
i don't really know. |
|
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
