What is the difference between “Debit Card” and “Credit Card”?

shaista_jabeen_pakistani: What is the difference between “Debit Card” and “Credit Card”?

Answers and Views:

Answer by Lucky Man 2
A debit card uses money you have in your bank. A credit card uses borrowed money which you pay interest on.

Answer by Meerkat Kitten
Debit comes out of bank account.. and if you do not have it you can not spend it.
Credit – bank pays.. you owe bank and you can keep spending even if you have no money

Answer by esignup
The most you can “charge” with the debt card is the amount of money in your checking/savings account. Be very careful though sometimes the bank will “let’ you pay for something, while you have less than the amount in the account. They will then hit you with an overdraft fee, (sometimes $ 30). Keep track of the spending on the debt card. This card is issued by Banks

The Credit card is unsecured credit issued to you, and the amount is set by the CC company. If you pay your balance in full when it’s due, you will not pay interest on the purchase. Same thing applies to the CC, if you go over the limit of the credit card, you’ll pay a fee.
This card is issued by Credit Card Companies.

Answer by Shweta S
Debit card
it can be useful when our bank account has sufficient
funds at the time of using it.instead of cheques we can
use this card to with draw our money. it is asset.your ATM is your debit card.

credit card:
the name itself says the meaning of it. it will be provided
to the person who is eligible to get credit by the
financial institutions and banks. we can get credit
through this card and need to pay back after a month – the period already specified by the bank.
There are different types of credit card providers like ABN Amro,AMEX,State Bank Of India and many more
Go through this site to get details on credit cards
https://www.paisawaisa.com/creditcards/