What are debit cards and credit cards? And what is the difference between them?

 Banking services are currently popular in every country. The common question most people have is what is the main difference between a debit card or a credit.

Credit card-vs.-debit-card

In this age of cashless transactions, the use of debit cards and credit cards is increasing day by day.

Using these cards, you can pay the purchase price in different stores with just one swipe. Debit cards and credit cards may seem the same, but there are some big differences.

If you want to learn about credit cards and debit cards, you will learn or experience something new by reading the articles below.

Credit Cards In the
modern world, credit cards are plastic money. A credit card is a plastic card. This is a lifestyle product or purchase card. Credit cards allow you to get a loan.

Credit card banks or financial institutions pay on your behalf at that time.

The credit card user has to pay the bank / financial institution within the next bill payment date.

Failure to pay on time may result in imposition of penalty / interest by the organization.
Each credit card has a credit limit. This means you can use it in one or more transactions within the allowed limits.

In general, a credit card means a bank that lends to you and from that loan you can spend the whole month and make various purchases and at the end of the month you have to repay that money.

Debit Card A
debit card is a plastic card known as a bank card or check card, which acts as an alternative means of cash at the time of purchase. The card can be called an electronic check.

With this card you can buy products and services,

These cards are related to the customer's account. This card is usually linked to the customer's bank account and only if the customer has enough money in his account can he withdraw money and purchase goods using the debit card.

If you have a sufficient balance in your account, you can withdraw money from ATM booths using debit cards, make online and offline purchases, and transfer money from your account to someone else's account.

Debit cards can be used to get various services or to purchase products, in which case money will be deducted from your account.

My opinion:
You can choose a credit card for shopping or online transactions. On the other hand you can choose a debit card if you can't control how much you spend.

Conclusion:

The bottom line is that debit cards are a lot like prepaid SIMs. You have money in your account, you can transact with it. Credit cards, on the other hand, are postpaid. It gives a card loan from a bank,

Which means if you don’t pay it within the stipulated time, you will have to pay it with interest and even fines. Hopefully,