What is the difference between a debit card and a credit card?

Question

Accepted Answer

Debit cards are linked to your bank account and allow you to spend only what you have. Credit cards allow you to borrow money up to a certain limit.

Debit cards are linked to your bank account and use the money you have deposited in it.
Credit cards allow you to borrow money up to a certain limit and you have to pay it back with interest.
Debit cards have lower fees and interest rates compared to credit cards.
Credit cards offer rewards and cashback on purchases.
Debit cards are more suitable for people who want to avoid debt and overspending.
Credit cards are more suitable for people who want to build credit history and enjoy perks and benefits.

Accepted Answer

Bank account and facilitates to save and withdraw money from the bank account at any time whenever required and money is withdrawn using the ATM card. Whereas Credit card is a bank card that us also linked with bank account and facilitates to withdraw money from bank account by lending short term loan. Credit card is linked with bank on which the loan amount has certain limit of withdrawing money. After reaching the limit of credit card, the person who is owner of credit card has to pay back the money to bank within the certain period of time. If he/she do not complete the payment of loan amount, he/she will be considered further as liable person to pay off the amount.

Accepted Answer

Debit card is a bank card that is linked with Bank account and facilitates to save and withdraw money from the bank account at any time whenever required and money is withdrawn using the ATM card. 
Whereas Credit card is a bank card that us also linked with bank account and facilitates to withdraw money from bank account by lending short term loan. Credit card is linked with bank on which the loan amount has certain limit of withdrawing money. After reaching the limit of credit card, the person who is owner of credit card has to pay back the money to bank within the certain period of time. If he/she do not complete the payment of loan amount, he/she will be considered further as liable person to pay off the amount.

Accepted Answer

When you use a debit card, the funds for the amount of your purchase are taken from your checking account almost instantly. When you use a credit card, the amount will be charged to your line of credit, meaning you will pay the bill at a later date, which also gives you more time to pay.

What is the difference between a debit card and a credit card?

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