What is the difference between credit and debit card?

What is the utility difference of credit card and debit card? You must have heard of both credit and debit card. But people often get confused in both of these names. Many people do not know the difference between credit and debit card. We know today what the difference is in them and how it is used. Debit and credit cards are similar in appearance, but it means and work is completely different. The debit card is like your bank account window. If you pay something with a debit card or use it in the ATM, the money is deducted directly from your bank account. At the same time, the credit card is not used in ATMs. If you use a credit card to make a payment, the money is deducted from your bank. While paying with a credit card, the bank that issued a credit card borrowed your money, whose account you later paid the bank. It’s like a loan. The debit card limit is determined by how much money you have in your bank account. Limit banks on credit cards. Since the credit card such as a loan given by the bank is, if it does not pay on time, interest is also focused on it. Many times there are times, points, discount coupons such as benefits and offers available for using credit cards. Such offers are almost negligible on the debit card. Use of debit cards, ie your money uses. At the same time, the use of credit card means to take money from the bank. Therefore, credit cards must be used wisely. Credit cards should only be used for large expenses, or if the offer or cash cruise gets more so you can use them. It should be avoided to use it for everyday expenses. Click here Life & Style Click for more stories Click here