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What's The Difference Between Credit & Debit Cards?

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.


What's the difference between credit card and debit card?

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.


How Debit cards are differ from credit cards?

Debit cards charges money direct from a checking account whenever purchases are made, while a credit card allows borrowing of money at local merchants.


Is expense debit or credit?

If revenue (income of money) is a credit, then an expense (outflow of money) is a debit.


Is utilities expensive debit or credit?

If revenue (income of money) is a credit, then an expense (outflow of money) is a debit.


When you add money to your bank account is it debit or credit?

It's a credit. When you take money out - it's a debit.


Will it build your credit history if you are not a US citizen but have been regularly using your check card as a credit card?

Citizenship is not a factor here because debit cards used as credit cards is basically delaying the payment for merchandise. Instead of having the money withdrawn immediately (debit), it is delayed a few days and taken out then (credit). Also, you are not borrowing money when using a debit card, whether as debit ot credit, because you're using money you already have.


What is the primary difference between a credit card and debit card?

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


What is the primary difference between a credit card and a debit card?

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


How does someone from US send money to someone in Australia?

By cheque, Money order, direct bank deposit, if they have the facility, by credit card or debit card.


Is receiving cash as a commission for acting as rental agenting an apartment credit or debit?

A credit, if you were taking money out of an account to pay a commission that would be a debit. So we have learned a credit is-money coming in and a debit is-money going out


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

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.