Difference Between Debit Card and Credit Card: Debit Card Credit Card 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. 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 (upt...
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