differences between debit card and credit card
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can explain to me?
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debit card is spending money u alrdy have
credit card is spending money u dun have -
CC faciliates you to pay the costs in a month's time, interest will kick in if u deferred the payments. Pay on time and you will be fine. Bcos it is so convenient to use CC, ideally take mental note how much u have used so u wun expect a HUGE shock when the bill comes.
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Credit card more high class.Originally posted by Kinboat:can explain to me?
Debit card for those who cannot apply a credit card, like me lor. -
nice way of putting itOriginally posted by angel7030:Credit card more high class.
Debit card for those who cannot apply a credit card, like me lor.
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debit is direct deduction from ur bank. credit is spending future money.
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yah, debit no difference from atm card juz that instead of pressing buttons, u get to signOriginally posted by latenightmonster:debit is direct deduction from ur bank. credit is spending future money.
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Credit card for prestige also. Got platinum debit card? -
I think got lea.Originally posted by DriftingGuy:Credit card for prestige also. Got platinum debit card? -
when u charge to yur debit card, the amnt is deducted directly frm yur acct that the card is linked to...Originally posted by Kinboat:can explain to me?
when u charge to yur credit card, the amnt is considered outstanding, u do not pay yet but instead on credit...only when yur CC statement comes the following month then you'll be asked to pay up...so u gotta watch how much u spend using yur CC.
I hope my explaination was correct
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debit better for people who cant control spending
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credit card is can spent big big amounts
debit card is amount total to amt inside bank, bank $ finish, card no use ~ -
Sometimes online transaction and certain situations requires cashless payment. So if i don't want to spply for a credit card a debit card serves the same purpose.
More likely i should say if you have control over your spendings and the income per annum you won't need a credit card in the first place. why pay for high interest over what you spend when you can just pay for something with what you already can
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for more information, please check up this bank
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why not deposit some money into a savings account and use a debit card and at the end of the month deposit the money back.
hold credit card very cool is it? -
debit card is spending without worries as long ur card permits the limit.
credit card is spending and worrying abt next mth bills.
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If one budget their spendings monthly properly, it is a good tool. Besides, the CC offers good dining and shopping programmes/discounts for cardholders.Originally posted by Cool-gal:debit card is spending without worries as long ur card permits the limit.
credit card is spending and worrying abt next mth bills.
It is oni when you overspend and overlook ur budget then the bill will come as a shock. -
[/b]Originally posted by BÃ¥seline:If one budget their spendings monthly properly, it is a good tool. Besides, the CC offers good dining and shopping programmes/discounts for cardholders.
[b]It is oni when you overspend and overlook ur budget then the bill will come as a shock.
No doubt CC is good in one way, but the bank will prefer you fall into the above para in red, this is what they are looking for, being unable to paid, high interest rate set in and you become a pawn for their financial gain. -
Credit Cards has a spending limit, usually 2x the monthly pay per month. You can request for the limit to be raised when you need to.Originally posted by rathcycle:credit card is can spent big big amounts
debit card is amount total to amt inside bank, bank $ finish, card no use ~
Debit Cards also as a preset limit usually $2000 or pegged to 2x your monthly pay, whichever is higher. Otherwise, your bank account, will be empty if you lose your debit card and failed to report it in time.
The signature, as a security feature, for both type of cards is next to useless.