Difference between credit and debit cards

Difference between credit cards and debit cards.

Credit and debit cards are all made of plastic, all of the same size, all bear printed name of the cardholder and can be used for payment and ATM withdrawals. However, the fact is that each, debit and credit cards, represent different financial products. The debit card is a method of payment in itself. Credit cards allows its holder financing purchases and defer payments, accepting certain conditions on terms and interests. But we will detail a little more the characteristics of each type.

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