What is difference between credit card and debit card?
- 1 Answers
- 3133 Views
- I also Faced
- E-Mail Answers
Answer / vinod
The fundamental difference between a debit card and a credit
card account is where the cards pull the money. A debit card
takes it from you banking account and a credit card charges
it to your line of credit.
A credit card is a card that allows you to borrow money in
small amounts at local merchants. You use the card to make
your basic transactions. The credit card company then
charges you interest on your purchases, though there is
generally a grace period of approximately thirty days before
interest is charged if you do not carry your balance over
from month to month.
Debit cards offer the convenience of a credit but work in a
different way. Debit cards draw money directly from your
checking account when you make the purchase. They do this by
placing a hold on the amount of the purchase. Then the
merchant sends in the transaction to their bank and it is
transferred to the merchants account. It can take a few days
for this to happen, and the hold may drop off before the
transaction goes through. For this reason it is important to
keep a running balance of your checking account to make sure
you do not accidentally overdraw your account. It is
possible to do that with a debit card.
| Is This Answer Correct ? | 0 Yes | 0 No |
2,1,1,1.5,3,7.5, ?
A ship started from port and moving with I mph and another ship started from L and moving with H mph. At which place these two ships meet ?
hash function,hash table,linked list,binary tree traversal
3 Answers Syncfusion, University Exams,
Pointing towards a girl in the picture, Sunita said, ?She is the mother of Renu whose father is my son?. How Sunita is related to that girl in the picture? (1) Mother (2) Aunt (3) Cousin (4) Data inadequate (5) None of these
there was a swimming pool of squre shape and it is having four trees at four ends....how to double the size of swimming pool without cutting the trees...?
8 man work for 6 days to complete a work. How many men are required to complete same work in 1/2 day.
5 Answers Citicorp, COSL, Wipro,
If today is Saturday, what day will be 500 days from today?
Arrange the word MAIURAD to form a city. What would be the starting character of the city?
In the reading room of a library, there are 10 tables, 4 chairs per table. In each table there are different numbers of people seated. How many ways they will sit in the library so that no chair would be blank? plz explain how can this quetions can b solved???
The hourly declination of moon for a given day is as follows: Hour Declination 2 8o 6’ 43.5” 3 7o 53’ 6.1” Find the declination of the moon at hour 4. (a) 8o 22’ 13.5” (b) 7o 56’ 54.5” (c) 9o 46’ 33.5”(d) 7o16’ 12.5” (e) 7o 39’ 28.7”///ANS:E
In a club there are male and female members. If 15 female quit then the number of males will become double the number of males. If 45 males quit no. of female becomes five times the number of males. Find the number of females.
A clerk multiplied a number by ten when it should have been divided by ten.The ans he got was 100.what should the ans have been?
English 
