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Credit card holder is given a credit limit by the bank,upto which the holder can use in purchase of articles, making payments to creditors etc. The card holder's account is debited periodically by the total bill amounts along with interest for the period.The most advantage of credit card is that you can carry this tiny card in your purse and use it at your will without involvement of cash. The disadvantage of it is that since the credit limit generally is on the higher side, there is a tendency among the card holders towards over expenditure, for which Debit Card is the ideal proposition.

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12y ago

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