What is the difference between debit card & credit card?

Both Debit card and credit card and other cards like smart card are plastic money. Plastic money refers to plastic cards which play the role of medium of payment. In credit cards the customer (credit card holder) can avail the facility of buying goods and services at a Point of Sale (POS) from merchant establishments (provided such arrangements exist) without making a prior payment. This credit facility is provided by the issuer bank to the customer for a specific period.
However, in the case of debit cards, the customer (debit card holder) can buy goods and services by automatically debiting the payments to card holder’s banks account.

In case of a credit card, the card holder uses credit line by making drawings within a specified or sanctioned limit and makes payment on receiving the bill along with the applicable charges and interests.
In case of debit cards, the card holder uses the balance in his / her own bank account and payment is made immediately on purchases.

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