Diffrence between credit card ,debit card and atm card ( Atm card vs Debit card vs Credit card)
ATM card vs Debit card vs Credit card
All of us always use atm card ,credit card and debit card but a number of people don't know diffrence between these.
These cards use for gateway payment methods . Some time ago atm card and debit card are different things but now debit card and credit card is same. Now we learn about these plastic money cards:-
ATM card is a card which is used to take money outside from atm machine and also use for purchasing items. It is pin based card.
If atm card has logo of visa or mastercard or rupay it is called debit card. In present atm cards are debit cards. Debit cards specially use for gateway payment method which is worked to transaction of money and also use as online money transaction and shopping.
Credit card is not debit card. Credit card
Is a card in which you can borrow money from your bank and bank is giving you money from there bank at a limit according to your salary and every person can't get credit card.
You can use both atm card and debit card for cash with droll from atm or linked bank account.
But credit card is not use for cash withdroll because you are borrowing money from bank not from your account.
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ReplyDeleteYou can also check - Debit & Credit Card Difference