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

Sorry Im a noobie to these kind of things but these jobs are suggesting me direct deposit and they give me these ads to sign up for a credit card/master card. Well i got a debit card too and cant I just give them my debit card code because i dont want two cards to deal with? And do i really need a credit card and what does it do? Aint it the same thing?|||A credit card is borrowing. The payment is due once a month. If you pay the balance in full, most credit cards carry no interest. They make their money from the merchants. A debit card is the same as a check, but faster. The money comes directly from your account immediately. I never use Debit cards. There is no advantage over cash. The debit card sent to me instead of an ATM card I use only as an ATM card. I accept the credit cards for the rebate I get for using it. A credit card is better if renting a car or hotel room since there is no advance payment for a deposit. It only becomes a hold on credit. The disadvantage of a credit card is that most people misuse them for credit and pay high interest fees. You can also improve your credit score if you have a credit card and use it. When eventually buying a car or house and want to do it as a loan, the lending firm needs a history.|||A debit card is also called a check card, which means it basically functions like a check. When you swipe the debit card, your checking account will lose the specified amount. The advantages to a debit card is it allows you to live within your means as the card will not function after your checking account is empty. A lot of times you can deposit checks into your checking account with ATMs by using this card. Disadvantages: If it gets stolen or if someone gets the number they can wreak havoc on your account.





A credit card usually has a limit around $2,500+ depending on a number of factors. It's nice if you're buying large things but a lot of times people use it to buy outside of their means. Also, if you buy something and the company doesn't follow up on their end, you can contest the charge instead of them running off with your cash.|||Main difference:


1.Credit card, you have to pay an annual fee differs based on Diners, AMEX, Visa, Master. Debit Card is something you usually get with a bank account.


2. Spend on debit card and they will withdraw the cash from your bank account. Credit, they will send you a statement and if you don't pay by a certain date, You get a LOVELY interest added payment.


3. Credit cards are accepted everywhere overseas. Debit cards, certain countries don't accept them. you will also face difficulties in online transactions.


Note: Check before giving out your card numbers as there are quite a lot of hackers out there.


4. Some specific credit cards give discounts/rebates at stores. You have to check if they provide such benefits.


5. Prestige? Credit cards requires a minimum annual income. Again, the requirement varies on Diners, Amex etc.





To see if you need a credit card, check if your current debit card gives out discount like the credit card.


See if you are willing to cough out the annual card fee


If you are disorganised, be extra careful because, as mentioned earlier, forgetting to pay on time will be costly.|||A debit card takes money from an account which it is linked to, therefore when you hit the limit (run out of money) you cannot spend anymore. Credit cards are linked to the credit card companies and with the you purchase things on credit, and then pay it off. The danger with credit cards is that if you are tempted to overspend it is very easy to end up spending more then you originally did.|||In a debit card you put money in and cant spend anymore than what you put in it. Just like a wallet. And a credit card you put money in and spend more than what you have but have to pay it back later. You can only spend a certain amount of money more than what you have. This number depends on how quickly you pay your debts back. (Your credit score).|||a credit card put all of the items you've bought over the month on one bill at the end of the month to be paid off all at once, and will not take money out directly and right as you make a purchase, but their is interest :/. a debit card is where when you buy something, money is immediately transferred out of your account to pay off the item. you should ask if you can just put your debit card on whatever it is you need it for. hope i helped :)|||Credit card is that we can spend more money than we have on our account.





Debit cards we can spend only the exact amount of money we have on our account.|||As far as I can tell credit is pay for it later and debit is pay for it now. There is usually always fines involved somehow either way but ....|||Debit card is better.





Debit card uses your own money, so you don't pay interest on it.


Credit card uses the bank's money, and then you pay heaps of interest on it.





Apart from that, they're the same.|||i debit card (i think) only uses money that you have in your bank account, and a credit card is a bit more free. i think. sorry if that doesnt help!