What is the difference between a credit card and a Debit card. Please explain in a detailed form. Are both used for money transactions?? Are both used for withdrawing money?? I am too confused. So Please tell me the difference and help me out of the situation
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Answered by
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Firstly both are not used for same purpose, credit card is used for deposit money and debit card is used for widthdrwing money
Anonymous:
okh
but which one of these is used for money transfer from one account to the other account?
if you are doing online banking then you can use any card to buy or transfer the money
to buy mean online shopping
ty
what
thank you
in short form
hehe
ok
Answered by
1
In a debit card, money is withdrawn from your bank account during a transaction.
However, in a credit card, the bank pays for the transaction. Then, you pay back the bank (with interest) after a specified time period.
However, in a credit card, the bank pays for the transaction. Then, you pay back the bank (with interest) after a specified time period.
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