It's free. Join us, If you care enough to read the content, post news, stories, add or answer questions on Everyknows.



Log in or Sign Up with your EveryKnows account
By continuing you indicate that you have read and agree to Everyknows
Terms of Use and Privacy Policy.

© EveryKnows Inc 2018

Welcome to Every Knows

Join the conversation... let's make the world more open and connected.

There's more to discover

"If we would have a new knowledge, we must get a whole world of new questions."
See the best answers from Every Knows..

Hi Guest!! What's on your mind?
How is a Debate card different from a Credit card?

I only hear people saying ATM card where I came from, while in foreign movies you hear Debit or Credit card. What does a debit card or credit card looks like? How can it be differentiated?
Upvote
0
Downvote
0 0 1

Answered: Wilson Michael 5 months ago
entrepreneur . Interested in politics,education,business,art,fashion.

CREDIT CARD: These kind of cards are not connected/linked with your bank accounts. In other words, your bank accounts are not charged when transactions are carried out with your credit card. Rather, all charges incurred are paid by your card issuer.
Note, incurred charges during the transactions will be paid back by you to your card issuer within a stipulated period of time with little interest rate. The interest rate attached to your bills tend to increase when you don't pay up your bill within the stipulated time. Limits on spending are set on your card depending on your trustworthiness.
Also note that these kind of cards are very difficult to get because there must be substantial proof that you will be able to pay any incurred debt during your use of the card. So in my own words i call these kinds of cards "CASHLESS LOAN"
DEBIT CARD: Debit cards are kind of the opposite of credit cards. These cards are connected/linked to your bank accounts. Any transaction carried out with this card is charged directly from the funds in your bank account. Every account holder is eligible for a debit card. There are no interest rate attached to your transactions when you use your debit card.

Upvote
2
Downvote
0 0 share
Enter your answer below

Anonymous Mode: No Yes

Discover New People * People You May Like To Follow


Question You May Like to Answer

Question Added . Religion
Can sleeping with someone for money ever be justified?
Add answer 2 answers -
Topic not found