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Question
Differentiate between credit card and debit card on any three bases.
Distinguish Between
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Solution
| Sr. No. | Basis of Difference | Debit Card | Credit Card |
| 1. | Status | Cardholders is a creditor. | Cardholder is а debtor for the bank. |
| 2. | Credit facility | Credit facility is not available. | Credit facility is available. |
| 3. | Payment by cardholder | Before using card. | After using card. |
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