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Answered 2013-02-04 22:52:51

Both have different use

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Related Questions


what is the difference between credit and credit card


The major difference between a Platinum credit card and a standard credit card is that with a standard credit card credit limits are lower than what they would be with a Platinum credit card. Interest rates will differ as well.


what is the difference between a credit card, debit card and smart card


The diffference between a debt card and a credit card is ,in a debt card it's money from your account .In a credit card is when you borrow money from the bank.


checking from bank fund & credit card prepaid by credit


credit card means post paid card debit card means pre-paid card



credit mean were you take money debit is what you give money


The difference between a credit card and a debit card is a debit card is for money that you place in your own bank account that can be withdrawn with a personal pin number. A credit card company lends the person money and charges interest.


The stored value credit card has the credit card information on the magnetic strip. The smart card credit card has the information in the smart card computer-chip.



Credit cards are an application of smart card.Credit cards are either smart card or magnetic strip card.A smart card is a card which have an IC chip to process the data/ Smart card have the capability to process the data.


A credit card is like a portable loan, where the money you spend isn't yours and you have to pay it back. A direct debit card is your money from an account.


a debit card is one in which you put money on your bank and use a debit card to do purchase with the amount in the bank. with credit card, you do purchases with a certain credit limit and pay later when the bill comes in.


A credit card is a type of revolving credit, whereas a revolving credit account may or may not be a credit card. Revolving credit can also include other types of accounts, such as a revolving line of credit with a bank or a home equity line of credit.


Yes. It applies a 2Euro handling charge when using laser card. as opposed to 6Euro when using credit card.


A debit card removes money from your account the moment you use it. A credit card is a promise by you to pay the bill when it comes in the mail. Simply put: Debit Card - pay now. Credit card - pay later.


Well... visa and master card are both types of credit cards... they are pretty much identical, kinda like coke and pepsi


A debt card takes the money out of an existing account, such as a checking account. A credit card accumulates a balance and bills you for the charges on a monthly basis.


As long as you can use your debit card at stores just like credit cards are used, your debit card will work. Newegg won't know the difference between your debit card and a credit card.


payment by debit card means that your account pays the bill immediately, unlike credit card payments which may be debited to your account some weeks later.


A purchase would be buying something. A payment would be a payment on the card itself, towards the balance of the available credit.


A debit card takes money directly from your account. A credit card takes the money from the credit card company, and the credit card company will bill you in monthly installments until you pay them back (plus interest). A debit card is like paying in cash, without actually having the cash on you. A credit card is similar to taking a small loan.


The primary difference between a conventional loan and a credit card loan is that a conventional loan is given to you in one lump sum whereas a "credit card loan" or line of credit can be drawn down as needed rather than in one lump sum. You can find out more about business lines of credit by visiting www.businessloc.com


A Merchant credit card cater to those in retail, those selling on the internet, service providers, and those that are new to business. A typical credit card is basically for anyone that meets the credit status.



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