Difference Between Debit Card and Credit Card:
![Difference between debit card and credit card Difference between debit card and credit card](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg1nEZa2njzIyFDs-bEShyC7fgxVb618WFLWuejCXjUIOB-XVx4i3VuW_KgrUyEBxcLmzUIcIQYvGnZoDIf8p-c9Nv2Z1jG8Ap_JXYS1nwxDoN0aRaYQ6J_1O5OkFAY4k-lfEgeVnCsEOU/s1600/differnce+between+debit+card+and+credit+card.jpg)
Debit Card
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Credit Card
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1. Debit card id equal to your account value.
2. It is an Asset
3. To use a debit card customer should have sufficient balance in his / her bank account.
4. It is like a Prepaid system
5. You cannot buy an item with price higher then your balance.
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1. When you use Credit Card. You are Actually borrowing money from bank/financial institution
2. It is Liability
3. To use a Credit card customer may not have sufficient balance.
4. It is like a Postpaid system
5. You can buy an item with price higher then your bank balance (upto your credit limit.)
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