Debit card and Credit card
Debit cards are similar to and different from credit cards in utilization. One similarity is that both provide the convenience of not having to pay with cash, which is important when traveling or making expensive purchases, and both are issued by a financial institution. However debit card and credit card have important differences. One difference is in their meaning. Credit card is issued by a bank or any financial institution to allow the holder of the card to purchase goods and services on credit on which the payment is made by the bank on behalf of the customer, but debit card is issued by a bank to allow its customers to purchase goods and services on which the payment is done through the account linked to the card. Debit card and credit card also use account on different bank. Credit card the bank account is not the requirement for issuing cards while debit card the bank account is a must for issuing cards. The most important difference between debit card and credit card is that credit card maximum limit of withdrawing money can be determined according to the credit rating of the holder, whereas debit card maximum limit of withdrawing money will be less than the money in the saving bank account. Whether you have a debit card or credit card, you should keep a record of your expenses and keep your personal identification number (PIN) private