yandex watch
forex ask logo
forex ask banner
Welcome, Guest

Forgot Password

Not yet a Member? Register Here

Loader
Question Details
Username: BobM

Rating:
Guru Stars

Asked to: Talitha Taslim

Date Created: 06 Jul 2015
Category 28
Tag Financial
Question What is the difference between a credit card and a debit card?
Advice from Guru
Hi BobM,

Debit cards and credit cards are accepted at the same places. Debit cards all carry the symbol of one of the major types of credit cards on them, and can be used anywhere that credit cards are accepted. They both offer convenience. The fundamental difference between a debit card and a credit card account is where the cards pull the money. A debit card takes it from your banking account and a credit card charges it to your line of credit.

Debit cards offer the convenience of a credit but work in a different way. Debit cards draw money directly from your checking account when you make the purchase. They do this by placing a hold on the amount of the purchase.

List of Gurus

  • Guru Most read Heng Kim
    Heng Kim

    Hi PrettyWoman, The job market is the market in which employers search for

    Read more
  • Guru Most read Anton Luyten
    Anton Luyten

    Hello Fluffy, A harami cross is a Japanese candlestick pattern that consists

    Read more
  • Guru Most read Chaoxiang Lee
    Chaoxiang Lee

    Hi Maria, A caplet is a kind of call option based on interest rates. The

    Read more
  • Guru Most read Apinya Kamon
    Apinya Kamon

    Hello ForexGuy, A false market occurs when prices are manipulated and impacted

    Read more
  • Guru Most read Tom Burke
    Tom Burke

    Hello LuckyWoman, The yearly probability of living is determined by consulting

    Read more
  • Guru forex ask most-read Heng Kim
    Heng Kim

    Hello Fluffy, Basis point (BPS) refers to a common unit of measure for

    Read more
  • Guru forex ask most-read Tom Burke
    Tom Burke

    Hello Peter, A reward paid to an employee at the end of the year. Many

    Read more
  • Guru forex ask most-read Jun Wang
    Jun Wang

    Hello Andrew, The goal of the Footprint charts is to provide both volume and

    Read more
  • Guru forex ask most-read Goro Yang
    Goro Yang

    Hello Maria, Investment timing decisions are among the most challenging faced

    Read more
  • Guru forex ask most-read Chaoxiang Lee
    Chaoxiang Lee

    Hi LuckyMan, A T-account is an informal term for a set of financial records

    Read more
  • Guru forex ask newest Heng Kim
    Heng Kim

    Hi PrettyWoman, The job market is the market in which employers search for

    Read more
  • Guru forex ask newest Anton Luyten
    Anton Luyten

    Hello Fluffy, A harami cross is a Japanese candlestick pattern that consists

    Read more
  • Guru forex ask newest Chaoxiang Lee
    Chaoxiang Lee

    Hi Maria, A caplet is a kind of call option based on interest rates. The

    Read more
  • Guru forex ask newest Apinya Kamon
    Apinya Kamon

    Hello ForexGuy, A false market occurs when prices are manipulated and impacted

    Read more
  • Guru forex ask newest Tom Burke
    Tom Burke

    Hello LuckyWoman, The yearly probability of living is determined by consulting

    Read more