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Questions
Distinguish between a Debit card and a Credit card.
Write any two differences between a Debit card and a Credit card.
Distinguish Between
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Solution
| Debit Card | Credit Card |
| A debit card withdraws funds straight from a customer’s bank account. | Credit cards are used to extend lines of credit to consumers. |
| 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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RELATED QUESTIONS
Electronic banking is a part of ______ banking.
A customer can withdraw or deposit money with the help of this machine by inserting his/her card and typing his/her personal identity number.
In case of ______ cardholder makes payment after using the card.
In case of ______ cardholder makes payment before using the card.
What are the cautions to be used while using debit or credit cards?
Which of the following is not a precaution to be used while using debit or credit cards?
What is an ATM?
What is a credit card?
What is meant by E-banking?
Enumerate various types of E-banking facilities.
