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

Question

Accepted Answer

Debit cards are linked to a checking account and funds are withdrawn directly, while credit cards allow you to borrow money up to a certain limit.

Debit cards are linked to a checking account, while credit cards are a form of borrowing.
Debit card transactions are deducted directly from your checking account balance, while credit card transactions are added to your credit card balance.
Debit cards do not charge interest as you are using your own money, while credit cards charge interest on the borrowed amount.
Debit cards have daily spending limits based on your available balance, while credit cards have a credit limit set by the issuer.
Examples: Debit cards include Visa Debit, Mastercard Debit. Credit cards include Visa, Mastercard, American Express.

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