Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the difference between a credit card and an ATM/Debit card?

April 26, 2017ATM credit card Debit card

0

Posted

What is the difference between a credit card and an ATM/Debit card?

1 Answer

0

Posted

A credit card is a revolving line of credit- a loan that must be repaid with interest. An ATM or debit card is a payment card that is linked to your checking or savings account. Charges that are made with an ATM card are debited immediately from the account. Charges that are made using a credit card are added to a balance and must be repaid.