deadkelly_1
 |
Debit Card has a set limit of your OWN funds ... e.g. if you "load" the card with $50 thats all you can spend on it. It's spending your own money
Credit card has a limit set by the bank if you have a $5000 limit you can spend $5000 but then you owe it to the bank |
|
Lislis
|
A debit card is your own money, a credit card is not. Money that is not yours is the greatest! |
|
leskinglew
 |
CREDIT is a self induced future debt, if the provider agrees, as to your qualification, and a promise to repay.
DEBIT is a self controlled expenditure, depending on the total amount in the bank.
The forgoing is a pertinence to financial dealings. |
|
mylostpets
|
a debit card is a card used to take out your own money from your account while a credit card is a card used to borrow money which you have to pay back with interest.i say the debit card is better cause you don't pay interest and its fees are lower |
|
theworldssmartestman
|
Greetings!
Simple. A debit card comes directly out of your bank account instantly. Thus you must have the money in hand.
A credit card is in reaility making a personal loan to you each time you make a charge, and must be paid back in accordance with the terms and coditions of the card.
The interest they charge can be quite high.
Good Luck |
|
Odessa R
|
a debit card takes money from your checking account right away ,no interest or late fees if you have the money in your account ..credit card is from a lending institution and you get a bill after charging something on the card and you pay back with interest and if you don't pay......... payments get bigger and bigger |
|
girl from oz
|
A debit card uses your savings account to withdraw money or pay for items while a credit card lets you borrow or spend money that you have to pay back (usually at a very high interest rate!) |
|
hawndawg
 |
debit card takes the money out of your checking account immediately. credit card loans you the money at interest and you pay it back later. |
|
Veston Pants
|
A debit card debits your bank account after every transaction. A credit card extends you credit and sends a monthly bill at the end of the month for the total and you repay this by cheque etc. A charge card automatically debits your account once a month to take the total.
xxB |
|
surajit
 |
A debit card is linked to your bank savings or current account. So the maximum you can access is what you have in your account. A credit card on the other hand loans or lends you the money. If you pay back the full amount on the due date, you do not pay interest. But if you only do a partial payment, then you will have to pay a pretty hefty interest on the balance. |
|
Tash x
|
ok the difference is that debit you go into your own pocket or money which ever way suits you,and credit means credit in other words it means always oweing the the bank. |
|
Tarotangel
|
A debit card is one where the money will come straight out of your current account.
A credit card is where you pay for goods on the card and then pay it back with interest each month. |
|
Jules
 |
A debit card the money comes right out of your bank when you purchase items, it is also called a check card. A credit card you don't get the bill until later in the month whenever the payment is do, then you pay it by personal check, money order, or online payments made from your checking account. |
|
Mags
|
Debit card means you have to have the money in your account, credit card means you are borrowing money. |
|
| |
|
Homepage 
Financial
Forum 
Personal Finance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
