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The key difference - debit card pulls money out of your bank account. Credit card advances you money on an (initial) interest free loan.
by ghshephard 11y ago
The key difference - debit card pulls money out of your bank account. Credit card advances you money on an (initial) interest free loan.
- realusername 11y agoYes I agree, but what I meant this is a concept which is not exposed to the general public (for most people) in some countries. Your card can also be a one-to-one medium to your account and the credit part is handled by contract if you ask it (or in large shops if you ask it), which means the card is a mix of both.