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what is the difference between debit card and credit card
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Answer Posted / radhika
The following affects are reflected when the those cards
are used.
debit card = decrease in credit balance of bank a/c
of a accout holder.
credit card = increase in debit balance of bank a/c of
a account holder.
these cards are used in the same way, but in the case of
debit card we would have amount in the account and in the
case of credit card no need to maintain amount in the
account but we have to pay after bill payment to the banker.
| Is This Answer Correct ? | 58 Yes | 9 No |
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