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Sunday, February 15, 2015

Difference between ATM card, Debit card and Credit card

Difference between ATM card, Debit card and Credit card
Here is the difference between ATm Card, Debit Card and Credit Card with brief decription.

ATM:

It is a PIN based card. That means in addition to using it at ATM's, you may also be able to make purchases, if the merchant is using one of the same electronic ATM network that is listed on the back of your card

Debit card:

Looks like a regular ATM card. The difference is that a debit card has a VISA or MASTERCARD logo on its face. That means you can use debit card, wherever VISA or MASTERCARD are accepted.

Credit card:

A debit card is not a credit card. When you use a debit card, the money is deducted from your checking account. With a credit card, you are borrowing money to be repaid later....


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