What are the Differences Between Debit Cards and Credit Cards?

[Suba]

At first glance they look the same, credit cards and debit cards also have 16 digits, besides that both are not only for making transactions or purchasing goods but can also be used to withdraw money at ATMs, or by swiping the card on the EDC (Electronic Data Capture) machine located near the store cashier. But if we look closely, we will find many differences between credit cards and debit cards. So what do you think are the differences between credit cards and debit cards?

 

[Springtime]

A debit card is usually linked to your bank account. When you make a purchase, the amount will be deducted from your bank balance immediately. With a credit card, you can borrow money to a certain limit. You'll receive a credit card bill with details of your purchase monthly. If you do not pay the amount on the bill promptly, you need to pay for interest.

 

[Augusta]

They are different you get credit card and can buy things with money borrowed but debit card can only worked if you have money in your account