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Distinguish between a Debit card and a Credit card. - Commercial Studies

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प्रश्न

Distinguish between a Debit card and a Credit card.

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उत्तर

Debit card Credit card
A debit card withdraws funds straight from a customer's bank account. Credit cards are used to charge consumers' lines of credit.
Debit cards offer no grace period and require immediate payment. Credit card purchases often include a 30-day grace period before interest is charged.
Debit cards provide less security against undeliverable, faulty, or fraudulent merchandise. Credit card purchases allow customers to dispute charges and pause payments.
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Electronic Banking (E-Banking) - ATM, Credit and Debit Cards
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पाठ 14: Banking - EXERCISES [पृष्ठ २५७]

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गोयल ब्रदर्स प्रकाशन Commercial Studies [English] Class 10 ICSE
पाठ 14 Banking
QUESTION BANK | Q 11. | पृष्ठ २६१
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