Difference Between Debit Card & Credit Card

Debit Card

Debit card are directly linked to our current account. When we are doing payment with our credit card then the money is automatically cut from our account. Most of the time when people are going for shopping then it is not easy to carry lots of money with them at that time the debit card plays a very efficient role. By the use of debit card people do shopping and the whole payment of the shopping is done by their debit card. It also helps you to have control on your savings. We can get the full details of saving and the details of all transaction through internet banking. In this way we can have control over our expenditures.

Credit Card

Credit card is far different from debit card. Credit card is not linked directly to your current account. When you do shopping with your credit card the whole cost of your payment is added to your credit account. You will get the last date to pay your credit. But if you don’t pay the credit on time then you will have to pay interest on it and as the day increases the interest also increases. So it is better to pay the amount on time for less interest.
Main Difference Between Debit Card & Credit Card
Basic difference between debit card and credit card are that debit card are linked to your current account but in comparison credit cards are not. In debit card you will have to submit the draft before using the card whereas in credit card you will have to submit the desired amount after using the card.