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what is the difference between debit card and credit card
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Answer Posted / nitin sharma
The main difference is the way the card works and where the
money comes from. Debit cards can be used as either a debit
card or credit card. Credit cards can only be used as a
credit card. Debit cards do not carry a line of credit. The
purchases made with a debit card can not exceed the amount
of money a person has in their bank account. This is the
main difference between a credit and debit card.
Another major difference between credit and debit cards is
the risk involved. Because they are attached to a bank
account, loosing a debit card is very risky. A person does
not need a pin number to use a debit card and therefore can
easily drain a persons bank account, causing extreme problems.
With a credit card the only problem is proving that someone
else used the card. With a debit card the persons has to
figure out how to get their money back and if any checks
bounced they are responsible for those as well. The legal
liability is much greater with a debit card than with a
credit card. Go to : http://www.credit-card-gallery.com/ and
get a best credit card according your credit.
| Is This Answer Correct ? | 8 Yes | 8 No |
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