what is credit card ? and what is ATM? why I need Credit Card or ATM?
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Answer:
ATM Cards, Debit Cards and Credit Cards are all different from each other. ATM Cards do not have a Visa or MasterCard logo and may only be used in ATM Machines. Debit Cards do have a Visa or MasteCard logo and are tied to your bank account. When you use it to make purchases, the funds are deducted from your balance.
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Explanation:
______CREDIT CARD ______
• A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's promise to the card issuer to pay them for the amounts plus the other agreed charges.
_________ATM___________
• An automated teller machine (ATM) is an electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller. Anyone with a credit card or debit card can access cash at most ATMs.
✓✓✓ Why need it .....
• If you will simply need to take cash from your own account, an ATM card will likely do. Flexibility with purchases at most retailers will require at least a debit card. For those who need access to additional funds, credit cards are the only way to go.
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