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How are debit cards different from credit cards?

by Rokdabazaar .com Loan, Cards, Investments

Best Debit Card providerapply for debit card online A debit card is a payment card that deducts money directly from the user’s bank account. A debit card acts like a check card. People use a debit card while paying bills for shopping online or offline or paying anything. After the debit cards, there is no use of taking cash with you or physical check everywhere you go. We use debit cards in the ATM for taking out money. We don’t use a credit card in the ATM. Credit cards are only for purchases stuffs online, and the money does not deduct until or unless we pay. Credit cards use a PIN for the purchase, while a debit card works with or without a PIN.

Why you should Apply for Debit Cards?

Main features of debit cards:

1) Debit cards eliminate the need for carrying cash everywhere or physical check for purchases, but then these cards are also used in ATMs to withdraw money.

2) Debit cards can purchase with or without a personal identification number (PIN).

3) A debit card is easy to monitor, and there is no way of losing track of spendings.

4) Some debit cards offer some rewards in purchasing.

How debit cards are different from credit cards? Have you ever been confused just like me between debit cards and credit cards? It is easy to get confused because both look the same, and in some places both work the same. They both also offer convenience and eliminate the need to carry cash. The main difference between a credit card and a debit card is that in a debit card take it from your bank account directly, while in a credit card charges it to your line of credit.

debit card: A debit card takes money directly from your bank or checking account when you make a purchase. You will have a PIN to use with your debit card at stores or ATMs. However, you can also use your debit card without a PIN at most merchants. Some facts regarding debit cards before apply for debit card online:

1) A debit card is tied directly to your bank account or checking account.

2) It can be used where a credit card can be used.

3) You will use a PIN to complete the transaction.

credit card: A credit card is a card that allows you to borrow money against a line of credit, otherwise known as the card’s credit limit. Some facts about a credit card:

1) You borrow money against a line of credit.

2) You will pay interest on the purchases made if not paid off money in 30 days. It used to be commonly thought that you needed a credit card to complete certain transactions, such as rent a car or to purchase items online, or that it was safer and easier to travel with a credit card rather than carrying cash. Debit cards offer the same convenience without requiring you to borrow the money to complete the transactions, though debit cards don’t always provide the same consumer protections of credit cards.

Best Debit Card provider: In a world going cashless, debit cards are your best friends! Free yourself from carrying around rolls of cash everywhere you go. Eliminate the need to carry cash or physical checks to make payments Debit card purchases are easy to monitor and the most popular way to transact securely. Rokdabazaar provides an easy online process to apply for any debit card of your choice with instant e-approvals. Customers can also compare the different debit cards offered by banks and pick what they find suitable for themselves.


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Created on Oct 12th 2019 07:04. Viewed 102 times.

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