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The two main advantages are (1) You don't need to carry a lot of cash, and (2) The retailer gets paid for the goods immediately.

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12y ago

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What is one advantage of a debit card compared to a credit card?

One advantage of a debit card compared to a credit cards is that with debit card you will not be heavily indebted because your purchases are directly charged to your checking account.


Can you tip using a debit card at this establishment?

Yes, you can tip using a debit card at this establishment.


Where can one obtain a Visa debit card?

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The most similar form of payment to using a debit card is using a prepaid card.


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in the language of bank and other financial institutions debit means withdrawl. so by naming debit card as debit card bank says '' it is a card by using which u can do any purchases and in return we will debit ur bank balance by that amount. so in debit card u are not borrowing cash from bank (as u do in credit card), but u are using your own money which u have earlier deposited in bank. so in short: debit card is a card by using which u are debiting ur bank's credit balance.


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