What is the difference between a credit card and a debit card?

Question

Accepted Answer

Credit cards allow you to borrow money while debit cards use your own funds.

Credit cards have a credit limit while debit cards have a balance limit
Credit cards charge interest on unpaid balances while debit cards do not
Credit cards offer rewards and cashback while debit cards do not always offer these benefits
Credit cards can help build credit history while debit cards do not affect credit score

Accepted Answer

When you use a debit card, the funds for the amount of your purchase are taken from your checking account in almost real time. When you use a credit card, the amount will be charged to your line of credit, meaning you will pay the bill at a later date, which also gives you more time to pay.

Accepted Answer

In this banking there is a two different atm cards are there one is a debit card and debit card offer the convenienc of a but work differently debit card draw money directly from you checking amount and another one is credit card is that allow you to borrow the money against line of a card other wise know the credit Card limit credit card use to shoping and we have to repay some other time they were given date on that we have to repay

Accepted Answer

Debit cards allow you to spend money by drawing on funds you have deposited at the bank. Credit cards allow you to borrow money from the card issuer up to a certain limit in order to purchase items or withdraw cash

What is the difference between a credit card and a debit card?

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