KV Baramulla Library

Icon

Library Media Centre

What is the difference between debit card & credit card?


What is the difference between debit card & credit card?

Both Debit card and credit card and other cards like smart card are plastic money. Plastic money refers to plastic cards which play the role of medium of payment. In credit cards the customer (credit card holder) can avail the facility of buying goods and services at a Point of Sale (POS) from merchant establishments (provided such arrangements exist) without making a prior payment. This credit facility is provided by the issuer bank to the customer for a specific period.
However, in the case of debit cards, the customer (debit card holder) can buy goods and services by automatically debiting the payments to card holder’s banks account.

In case of a credit card, the card holder uses credit line by making drawings within a specified or sanctioned limit and makes payment on receiving the bill along with the applicable charges and interests.
In case of debit cards, the card holder uses the balance in his / her own bank account and payment is made immediately on purchases.


About these ads

Filed under: General Knowledge, ,

You are the Visitor, Number

  • 390,522

RSS Quotes of the Day

Calendar

May 2010
M T W T F S S
« Apr   Jun »
 12
3456789
10111213141516
17181920212223
24252627282930
31  

Alert!!!

CBSE & NCERT Sample Q.papers, HOTS study materials, Question Banks Click the "Download:CBSE,NCERT Sample Papers,NCF" link in the category section below on this sidebar

RSS Tell ME Why-Facts

  • An error has occurred; the feed is probably down. Try again later.

RSS History On This Day

  • An error has occurred; the feed is probably down. Try again later.

RSS Books News,Rviews and Authors Interviews

  • Toni Morrison: ‘I’m writing for black people … I don’t have to apologise’
    As her latest book God Help the Child is published, the Nobel prizewinner talks about the danger of beauty, supporting Hillary and earning the right to say ‘Shut up’ Of all the mantles that have been foisted on Toni Morrison’s shoulders, the heaviest has to be “the conscience of America”. It’s both absurd-sounding and true. For almost half a century her subj […]
  • The Soul of the Marionette by John Gray review – bleak, bracing and highly entertaining
    A short enquiry into human freedom exposes the follies, delusions and prevailing Gnosticism of our smugly arrogant timesIn these times the west, or what we used quaintly to call the civilised world, is threatened by two opposing perils, one actual and near, the other notional though becoming a reality at an ever-increasing pace. At one pole, there is the out […]
  • How to get down to grips with writing a book? Take a walk on the wild side
    Researching her latest novel, Melissa Harrison found herself walking alone up the A5. She spent four days not fitting in – exposed but exhilaratedI don’t remember deciding to walk the old Roman road north, but strange things can happen when you’re wrestling with a novel. All I can recall is that it suddenly seemed imperative, as things often do in dreams. Wh […]
  • Nature writing with Sarah Hall and John Lewis-Stempel – books podcast
    We follow the call of the wild with Thwaites Wainwright prizewinner John Lewis-Stempel and novelist Sarah Hall Continue reading...
  • Yiyun Li wins Sunday Times short story prize for A Sheltered Woman
    Judges praise the tale of a Chinese-American nanny for its ‘exquisite crafting, brilliant observations and modest but powerful voice’The “mastery” of Yiyun Li’s tale about a Chinese-American nanny caring for a troubled mother and her newborn baby has made her the first woman to win the Sunday Times short story prize.Li’s story, A Sheltered Woman, took the £3 […]

Periodicals Articles Alert

Bachhon ko Nishulk Aur Anivaarya Shiksha Ka adhikaar Adhiniyam 2009, Pratiyogita Darpan,May2010,P.1823-1825 ; E-Kachara Prabandhan: Ek Chunauti Aur Upaye, Pratiyogita Darpan,May2010,P.1832-1834; Vitamin Truths & lies,Reader Digest,May2010,P.52-56; Surface Area and Volume, Education Trend,May210,P.65 ; Metals and Non Metals, Education Trend,May210,P.77; The rise of Nationalism in Europe, Education Trend,May210,P.91; Linear Equations in two variables, Education Today,May2010,P.5-15,Federalism, Sectors of Indian Economy and Water Resources Education Today,May2010,P.16-29 ; Acids, Bases and Salts, Education Today,May2010,P.30; Prehistoric Creatures,Tell Me Why,May2010; Disappearing Herbs,Out Look,May24,2010,P.56

Periodicals Arrival in the Library

Follow

Get every new post delivered to your Inbox.

Join 40 other followers

%d bloggers like this: