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State any three differences between a debit card and a credit card. - Commerce

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प्रश्न

State any three differences between a debit card and a credit card.

अंतर स्पष्ट करें

उत्तर

  Debit card Credit card
1. Money was deducted from your bank account. Banks issue borrowed funds.
2. Reduces the likelihood of debt accumulation. It is capable of accumulating debt.
3. No interest costs, save for annual payments. Interest rates and fees vary.
4. This type of card does not affect your credit score. Using this type of card may affect your credit score.
shaalaa.com
Differences Between Debit Card and Credit Card
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
2022-2023 (March) Official

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