Social Sciences, asked by anmol22433, 1 year ago

how the credit card and debit card difference

Answers

Answered by aman3495
3
difference between credit card and debit card difference

debit card

1.)A debit card is tied directly to your checking account.

2)It can be used where a credit card can be used.

3..)Generally, you will use your PIN to complete the transactions.


credit card

1).A credit card is a line of credit you can access with your card.

2).Generally, you must sign on these purchases (exceptions may be at the gas pump or for small amounts at a drive-through window).

3) You will pay interest on the purchases made if not paid off in 30 days.



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Answered by rahul5571
0
Hey here is your ans
 The key difference between the two cards is where the money is drawn from when a purchase is made. When a consumer uses a debit card, the money comes directly from his checking account. When he uses a credit card, the purchase is charged to a line of credit for which he is billed later.
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