Answer
The difference between credit cards and debit cards is mentioned below-
A credit card is just a small plastic card issued by the bank but it allows customers to purchase goods and services on credit.
A debit card is not the credit card at all. A debit card is a substitute for cash balance or check. The amount of sale subtracted from saving account and it doesn’t allow credit facility at all.
Work Step by Step
The major advantage of using the credit card is you can go for the shopping whether you have money in the bank or not and shop up to a certain limit but the debit card doesn’t provide any such service, you can go cashless but you must have cash in your bank in order to make purchases.
The disadvantage of using a credit card is you may overspend. You probably didn’t get any idea of your shopping as credit cards create an illusion that you are not spending much with the limit you are provided, but using debit card keep you budgeted.
