What do you know about loan how will you sell what is mean by credit and debit card what are the difference of debit card and credit card

Question

Accepted Answer

Loans are financial products where a lender provides funds to a borrower, who agrees to repay the loan with interest. Credit cards allow users to borrow money up to a certain limit, while debit cards are linked to a bank account and use the cardholder's own funds.

Loans involve borrowing money from a lender and repaying it with interest over time.
Credit cards allow users to make purchases on credit, up to a certain limit set by the issuer.
Debit cards are linked to a bank account and use the cardholder's own funds for purchases.
The main difference between debit and credit cards is that with a credit card, the cardholder is borrowing money that must be repaid, while with a debit card, the cardholder is using their own funds.
Credit cards typically have higher interest rates than debit cards, as they involve borrowing money from the issuer.

Accepted Answer

debit card is our account balance and we can make purchase based on how much money we have but, credit card has a line of Crédit and need to pay back once use it.

What do you know about loan how will you sell what is mean by credit and debit card what are the difference of debit card and credit card

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