What is the difference between debit card and credit card

Question

Accepted Answer

Debit card deducts funds directly from your bank account, while credit card allows you to borrow money up to a certain limit.

Debit card is linked to your bank account and uses your own money for transactions.
Credit card allows you to borrow money from the card issuer up to a certain limit.
Debit card transactions are limited to the available balance in your bank account.
Credit card transactions create debt that needs to be repaid with interest if not paid in full by the due date.
Debit cards do not have interest charges as you are using your own money.
Credit cards offer rewards and benefits like cashback, travel points, and purchase protection.

Accepted Answer

Debit represents the left side of an account and denotes an increase in assets and expenses or a decrease in liabilities and equity. Credit represents the right side of an account and denotes an increase in liabilities and equity or a decrease in assets and expenses.

What is the difference between debit card and credit card

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