Wednesday, December 11, 2013

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

Let's see difference between a credit card and a debit card ?

Credit Card -
When you use credit card, you are actually borrowing the money from bank and you have to pay money back to bank. If you are late to pay money then you opt to pay fee called interest.


Debit Card -
Now when you use Debit Card, you are using your own money, When a transaction takes place, Money is taken out from your own bank account. As long you have enough money in your bank account, no pain for any payment.