Credit card better or Debit card? Credit card facility or debit card more? Which will be perfect for me? These are one of the most heard listening questions in today’s technology-based world. Now the most popular payment method of the electronic payment system is card payment. This is because of the availability of credit cards and debit cards, convenience, and worldwide Acceptance.
Moreover, online payment cannot be imagined without a credit or debit card. But credit cards should be used online or offline anywhere for card payment or debit card? Which type of card will be perfect for you? Let’s discuss this issue today. If you have thought of getting a payment card for yourself, then today’s article is for you. First, let’s know,
What is Credit card?
Simply put, a credit card is a method that allows you to borrow money from a bank, for expenses. The amount of money borrowed on this loan is basically called “credit limit” of the credit card. You have been given this limit by the bank on your monthly income. For example, if your monthly income is USD 5000$, then you can usually get a credit card of up to USD 10000$.
After receiving a credit card, you can use it to make payments wherever the credit card is accepted as a payment method. If you use a credit card, the number of accounts (of course, within the limit) will be issued as a bill all month after the end of the month. Then you have to pay that bill to the bank in a specific time.
Credit cards usually work in both online and offline areas. However, if you want to use your credit limit outside of the country, you want an international passport, you will need an international passport. If you do not have a passport, no matter how many millions of credit limit you have, you can not make any payments or transactions outside the country with the help of a credit card.
If you have your passport, you can enable your credit card for international transactions and convert a certain portion of your credit limit to foreign currency, so that you can make payments in foreign currency when you go abroad. Besides, you can also make online international transactions. For example, to purchase an app/games from the Google Play Store, or to purchase products from future e-commerce sites, or to spend on Facebook Boost or Google Ads.
What is Debit Card?
When we make a bank account and ATM card is given to us to spend the money in the bank account, it is basically a debit card, which in many cases is also known as “bank card”. To spend money on debit cards, you have to have money already in your bank account or your bank account. There is no such thing as your monthly income or job or your credit limit. The only thing about this is that you have money and you are paying or spending money through the electronic payment system.
Prepaid Debit Card
Which is Better
I hope there is a little bit of idea about how credit cards and debit cards work and what are the main differences between these two Most of the banks in the country now offer credit and debit cards? Now the main question is, what is Better for you? Which One Do you use?
And if you do not need anything and you only want to make local payment or online transactions within the country, then there is no bank card or ATM card linked to your bank account and account. It does not have to be a problem for you. You can get it if you want.
And if you are not a job holder, you sometimes need to have a little online transaction and international transaction, such as if you want to make payments in Facebook Ads or Google Ads, or if you want to buy products from Alixpress or buy an app, for those small transactions You can take an international prepaid debit card. If you are a job holder, you can also use prepaid cards if you do not want to be liable with the bank about taking credit limits, paying bills.
This was the difference between a credit card and debit card. I hope you have decided on your own that if you need a payment card, then which type of card will be perfect for you. If you still have any questions, you can report it in the comment section below. If there is an opinion but in the comments section.