Friday, November 30, 2012

Difference between a Debit Card and a Credit Card



A Debit Card like the name implies is a debit from your account. i.e its a card thats connected to your balance and nothing else. inother words, if you run out of your balance, you cant do anything with the card again until you reload it.




A Credit Card like the name implies is a credit added to your balance. i.e if you run out of your balance, an amount of credit is alloted to the card for you to use.
This amount is however agreed by you and your bank.

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