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What is the difference between a credit card and smart card?

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Answered 2010-11-14 07:45:25

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


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.


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What is the diffrence between smart card and other cards?


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.


The latest in credit card technology, a smart card stores information on an integrated microprocessor chip rather than on the magnetic strip of a regular credit card. Although not yet widely available in the United States, these cards are thought by many to be the card of the future. * Benefit: The information stored on a smart card is more secure due to the embedded chip technology.


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.


A debit card is a credit card that is connected to a specific account where money can be deposited. A smart card has intrinsic value, and can be used as cash where accepted. When value is added to the smart card, the record is on the card itself.Above answer is financiallyTechnicallyDebit cards are an application of smart card.Debit 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 smart card is more secure than a cash card (apex) you're welcome


checking from bank fund & credit card prepaid by credit


ATM cards are an application of smart card.ATM 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.


Debit cards are an application of smart card.Debit 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.


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



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



While the debit card uses a magnetic strip, the smart card typically uses an embedded semiconductor to store and maintain information.


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.



debit card the card holder uses the balance of his or her own account in bank and make immediate payments while purchasing. smart card it can be used as a cash where accepted


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.


Smart cards are comparable in size to an ATM card or credit card and store your personal information on it electronically.Smart Card


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.


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.



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