What is the difference in a credit /debit card?
95904
The first two answers your question received are correct, in a limited sense, but there are great differences that they failed to mention.\n\nThe biggest difference to you, as a consumer, might be the protections available to you when you use a debit or credit card to make a purchase.\n\nIf you use a credit card to purchase something, and you find that the item is faulty, or not as advertised, or the seller fails to deliver it in proper order, or perhaps fails to deliver it at all, you can challenge the charge and if you can substantiate your case, the charge can be reversed.\n\nIf you use a debit card, you are guaranteed no such protections.\n\nI'm not recommending you cut up all your debit cards and use only credit cards, just pointing out a major difference between credit and debit cards, which is what you asked about.
253015
just use a debit card
465033
A debit is an increase in an asset.  \n\nFor the bank that holds your credit card, the right to receive money from you in the future is something that is their asset.  When you charge $100 on your card, they 'debit' a 'receivable' of $100, and then pay the merchant whatever they pay them ('crediting' cash)\n\nYour account is debited (charged) when the business submits the charge to the bank.\n\nWhen you go to a restaurant, and you charge $30 for a meal, the restaurant runs the card for $30 and gets an 'approval number'. This means the bank guarantees that the card is valid, and that the restaurant will get $30. It also creates a tracking category on your credit card entitled 'authorizations'. While your card has not been charged, your available credit limit has been reduced because of the authorization.\n\nAt the end of the day, the business 'batches' the authorizations and actually charges the cards. They do this because it is simpler to track revenue for bookkeeping purposes as one daily batch of $2100 than 70 charges of $30.22 or whatever the bills are. Visa/MC then makes a deposit into the merchant account for $2100, instead of 70 different daily bank deposits. At the time the batch is processed, the cards are actually charged, and the authorizations are removed.
672172
Don't know if its the same in the US - But we have a thing here called Visa Debit - has the same numbers/expiry and CCV of a credit card so try and find one of those.
774146
One is a debit to the account and one is a credit (deposit) to the account.
923352
When the debit card is used as a credit card I notice that the monies are withdrawn without being earmarked.  When the card is used as a debit card (when the PIN is entered) it gets earmarked immediately and withdrawn as the payment is processed through the clearinghouse.  \n\nBut I have also noticed that when I use my debit card at a restaurant the transaction is never earmarked, it just goes through.
275676
A checking account gives you a debit card and checks, whereas a savings account just lets you keep your money in the bank to collect interest.
90665
Actually, you can still dispute any charges on a debit card just as you would a credit card or an ATM transaction.\n\nSome credit cards offer theft protection for purchases.  This service is generally not available to debit card users.\n\nYou can earn points or receive cash back if your credit card has those features.\n\nBut apart from those, there really isn't a big difference between a credit card and a debit card.
847116
Qoute:\n\nAccounting entries are made on the left side and right hand sides of an account. When an amount is entered on the left side, the account is said to be debited, and when an amount is entered on the right side the account is said to be credited. The difference between the total debits and total credits is the balance of the account. The balance may be either a debit balance if the debit side exceeds the credit side; or a credit balance if the credit side exceeds the debit side. When the total debits equal the total credits, the account is said to have nil or zero balance. The words "debit" and "credit" should not be confused with "increase" or "decrease". Certain accounts may increase when debited and other accounts may increase when credited depending on the type of account involved.\n\n\nLeft hand side of the pageThis is the debit side\n\nThe right hand side of the page       This is the credit side\n\n\nThe two rules of double-entry book keeping are that every transaction affects at least two accounts and that the total for the debit and credit sides should be equal. In other words, for every transaction, one or more accounts must be debited and one or more accounts must be credited.\n\nThe learners are required to master the following general rules:\n\nAccount      An Increase           A decrease\n\nAsset        Should be debited Should be credited\nLiability  Should be credited  Should be debited\nCapital         Should be credited Should be debited\n\nAs for income account always the recording should be made to the credit side while all expenses account will always be debited.\n\nend qoute
379775
A Check-card works as a check,.. it deducts money from your checking account. It has a Visa logo on it and you can use it at ATM's or anywhere where visa is accepted (such as the mall, restaurants, etc). Does not help your credit\n\nA Debit can be used at any ATM machine and some select stores and locations. Does not help your credit.\n\nA credit card is based on your credit score and credit history. It is basically like a loan (with a limit) that you must pay back monthly in order to maintain a good credit standing. If used properly and responsibly this line of credit will benefit you. It will show your ability to make payments, thus bring up your credit score. With a good credit history you are able to do many things such as buying a car, a house, etc..
850265
Actual a debit card is linked to a checking account.  If the checking account has overdraft protection.  It will use this.  \n\nNow if the checking account has no overdraft protection. They should of denied all of your transaction after the 1st time you account went into the negative.  \n\nHowever,  I would go into the bank an explain what happen.  They might be able to help you get back and remove it from the collection agency.   They should not charge you 600 in overdrafts and fees.   \n\nI would dispute the fees owed.  The bank sent it directly to a collection agency without contacting you first.   Most banks will contact your first and give you 30 days to pay it back.\n\nGas stations do put big holds on them.  \n\nBanks are supposed to wait till the transactions hard post before applying an overdraft charge.  Some don't.   This could be illegal.\n\nhuman_we_are is incorrect.   Try to discuss this with your bank before just paying the fee blindly.
438062
credit card (noun)\n\nA plastic card having a magnetic strip, issued by a bank or business authorizing the holder to buy goods or services on credit. Also called charge card.\n\nA credit card system is a type of retail transaction settlement and credit system, named after the small plastic card issued to users of the system. A credit card is different from a debit card in that the credit card issuer lends the consumer money rather than having the money removed from an account. It is also different from a charge card (though this name is sometimes used by the public to describe credit cards) in that charge cards require that the balance be paid in full each month. In contrast, a credit card allows the consumer to 'revolve' their balance, at the cost of having interest charged. Most credit cards are the same shape and size, as specified by the ISO 7810 standard.
769111
What are you trying to subscribe to?  Do you have a debit/ATM card?  A debit card can serve the same purpose as a credit card, you just want to be careful with using if for reoccuring charges.
929130
Do you have a checking account?  Most banks offer debit cards that have a Visa or Mastercard logo.  The money will come directly out of your account and you can use it anywhere Visa or Mastercard is accepted.
1090470
basically a secured credit card is one based on a deposit, say you deposit $ 100, and they give you a credit card of $ 100 or more (sometimes they may offer 2-3 times the deposit).\nIf you have no credit, you can probably get a store credit card quickly and easily and then by that virtue a major unsecured credit card within  a couple months.
336244
Debit cards and credi cards are differnt. Credit cards allow you to buy something now, pay for it later. Debit cards take it directly out of your account. (Like a check) Also, she may have had her parent's sign for her to get it. I'll give you some advice: Don't get a credit card this early in life. Wait until you have a wonderful job and a lot of financial smarts.
455427
Hi Mr. Gupta, Its not a credit card. It's a Merchant processing system. You can attach any credit / debit card with pay-pal. Just click here https://www.paypal.com/row/mrb/pal=F5GQYBE5V93AU go and open & enjoy.