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Money is an instant payment - once you've paid for something in currency - it's yours. A credit card is essentially a contract between you, the card company and the retailer. The card company pays the retailer on your behalf, and they recover the money from you - usually with interest added for the convenience.

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What are the differences between a debit card and a credit card?

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between a credit card and a debit card is a debit card is for money that you place in your own bank account that can be withdrawn with a personal pin number.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.


What is the difference between a debt card and a credit 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.


Are credit card and debit card money What is difference between credit and debit cards?

A credit card is when you are loaned money by the card company and are able to use it before hand; after which you have to pay them back. A debit card on the other hand is a card with your money on it and you use it as you wish but once the card has no money left, you have to put more money on it before you can use it again.


What is the difference between a Platinum card and a regular 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.


Points of difference between credit card and debit card?

Of Course you can transfer money from credit card to your debit card.Direct transfer is not available from credit card to bank but you can get money over cash against credit card.It's very simple that you need to swipe your card and get funds in your debit account. Call us: 7299927000 UNIK Solutions

Related Questions

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


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 are the differences between a debit card and a credit card?

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.


What are the differences between a credit card and debit card?

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.


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.


What is the difference between a debt card and a credit 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.


Are credit card and debit card money What is difference between credit and debit cards?

A credit card is when you are loaned money by the card company and are able to use it before hand; after which you have to pay them back. A debit card on the other hand is a card with your money on it and you use it as you wish but once the card has no money left, you have to put more money on it before you can use it again.


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

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


What is the difference between a Platinum card and a regular 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'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.


Points of difference between credit card and debit card?

Of Course you can transfer money from credit card to your debit card.Direct transfer is not available from credit card to bank but you can get money over cash against credit card.It's very simple that you need to swipe your card and get funds in your debit account. Call us: 7299927000 UNIK Solutions


How can you tell the difference between a credit card and a debit card?

The main difference is that with a debit card the money comes out of your checking account at the point of sell and with a credit card you borrow the money from a bank to pay back later. Interested is added to the charge by the bank so you actually pay more for what you buy.