What is the difference between a credit card and a debit card? - ProProfs Discuss
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What is the difference between a credit card and a debit card?

Asked by Pennstatecfco, Last updated: Feb 19, 2024

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Pennstatecfco

Pennstatecfco

Pennstatecfco
Pennstatecfco

Answered Mar 15, 2019

A debit card allows you to buy things with money from your account, while a credit card allows you to buy things with money borrowed from a credit card company that you must repay in the future.

Credit, including credit cards, is money lent, usually for a fee, that MUST be repaid at a future time. You can borrow money or use credit to purchase something that you want now and pay for it with future income. A debit card, on the other hand, is usually connected to your bank account. When you use your debit card, you are using your own money, rather than borrowing from a credit card company and having to repay it in the future.
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