Question

What is the difference between a debit card and a credit card? What are the advantages and disadvantages of both?

Answer 1

The key difference between two cards is where money is drawn from when a purpose is made when a consumer uses a debit card the money come directly from his checking account. When he uses a credit card the purpose is charged to a line of credit for which he is billed later

Answer 2

The word debit card is used to make a sense that, an electronic card which is linked to any individual's bank account, and it is used for purchasing goods and services, in this process the amount spend by the owner of the card, that amount shall be instantly deducted from hi account.

Whereas in credit card is the way of payment where the amount is to be paid afterwards the payment is done.