Whats the difference between a credit and debit card?

Question

Whats the difference between a credit and debit card?

Answer 1

Your question isn't clear - do you hold one of these cards? Do you have specific questions?

Answer 2

a debit card sends money straight from your bank account. a credit card pays with the credit card company's money and then you get a bill at the end of the month.

Answer 3

debit is ur own monii

credit card is da bankz monii but you have 2 pay it back

Answer 4

Yea ^ what he said.

A debit card you have to put money in the bank in order to use it.

Credit card you can just use it up to your limit even if the money's not in your bank,then you have to pay it back after.

Answer 5

Using a debit card is taking money that you actually do have, out of the bank.

Answer 6

  On a  credit card you have unlimited  time to pay it off.  You have monthly payments.  A  debit card has to be payed off immediatly.

Answer 7

A debit card is issued from your bank. There is no interest charged on a debit card. You can use your debit card to make purchases and the money automatically comes out of your bank account.

A credit card often has an annual fee, plus you pay an interest rate on any outstanding balance. With a credit card, you are going into debt, because you have to pay later for what you are purchasing now.

There is another "credit" card, which is a combination debit/credit card. You can purchase a credit card at many cheque cashing places. You pay a small fee and you "load" the credit card with cash. That way if you don't have an actual credit card, but you want to make online purchases, but you need a credit card, you have a "MasterCard" you can use. That way you don't get into debt.

Answer 8

A credit card allows you to spend money that you have to pay back even if you don't have the cash on hand or in an account.  A debit card is like writing a check.

Answer 9

A debit card is attached to a bank account and the funds are immediately withdrawn from that account. A credit card allows you to build up a debt to be paid off later.

A debit card isn't like a check in that a check takes awhile for the funds to actually be withdrawn from your account, usually days, and you can overdraw on your account for this reason by writing checks. With a debit card, if the funds aren't there to be withdrawn then your card is refused.

Answer 10

When you pay with a debit card- the money comes directly from your account.

When you pay with a credit card- you pay with fake money that you may or may not have; and must pay back.

Answer 11

debit is taken out of your checking account cedit they bill you and you make minuimal payments

Answer 12

Debit card is use your own money and credit card is use other's money which need to pay back if not you'll be in big trouble.