what is the difference between credit card and debit card
Financial Awareness

What is the difference between a Debit card and Credit card?

There are some major difference between a debit card and credit card.

A debit card will only use money that is existing in our bank account and a credit card is like a loan from the bank or card issuer.

It is our duty to make sure that we can repay the loan before due date, or else the interest on the card is very high.

So remember to use your credit card wisely. It is not an endless supply of money. Better to understand the difference, and act appropriately.

If you want to see the difference between cash and card payment then this video is for you

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