Question

State any two differences between Credit Card and Debit Card.

Answer 1

The two distinctions between a credit card and a debit card are as follows:

	Credit Card	Debit Card
1.	A credit card allows the holder to purchase products and services on credit, regardless of whether the funds are available in his bank account.	A debit card allows the holder to purchase products and services only if he has funds in his bank account.
2.	It functions as a type of loan to the holder.	It is a service that allows you to withdraw cash from your bank account or use it as a payment option.