Difference between Credit Card and Debit Card

Credit Cards vs. Debit Cards: An Overview
Credit cards and debit cards typically look almost identical, with 16-digit card numbers, expiration dates, magnetic strips, and EMV chips. Both can make it easy and convenient to make purchases in stores or online, with one key difference. Debit cards allow you to spend money by drawing on funds you have deposited at the bank. Credit cards allow you to borrow money from the card issuer up to a certain limit to purchase items or withdraw cash.
You probably have at least one credit card and one debit card in your wallet. The convenience and protection that they offer are hard to beat, but they have important differences that could substantially affect your pocketbook. Here's how to decide which one to use to meet your spending needs.
KEY TAKEAWAYS
Credit cards give you access to a line of credit issued by a bank, while debit cards deduct money directly from your bank account.
Credit cards offer better consumer protections against fraud compared with debit cards linked to a bank account.
Newer debit cards offer more credit card-like protection, while many credit cards no longer charge annual fees.
When comparing credit cards with debit cards linked to a bank account, it's important to consider the fees and benefits.
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#debitcard #creditcard #atmcard #pointofsale

[@muhammadsaqib2217]

Informative , highly appreciated. Looks amazing

[@ecHaaRStudio]

Thanks 😊 Keep Supporting

[@digitaljarry1251]

👌

[@ecHaaRStudio]

😊

[@harisshah4386]

I have a gold visa card. Can I access in international airport, Multan business lounge ?

[@ecHaaRStudio]

Usually Platinum Card holders have International Airport Lounge Access. But you have to consult from your bank or check the eligibility from the website of your bank. Thanks

[@Quran360World]

❤️

[@ecHaaRStudio]

😊

[@i_iqraslam]

AOA Is there any post in bank for IT graduate? I have done MIT n want to be a part of bank but no idea which post is best for me? Jazak Allah

[@ecHaaRStudio]

Wa Alaikum Assalam, Bank announces the vacancy of MTO IT once in a year, apply for that role and keep visiting the website of ABL. You can also apply for the post of Teller but MTO IT will be the best option for you. Stay Blessed

[@i_iqraslam]

What is the selection criteria for shortlist candidates? Is the selection in banks merit based?

[@i_iqraslam]

What is the selection criteria for shortlist candidates? Is the selection in banks merit based?

[@ecHaaRStudio]

@Iqra Aslam the candidate must have good grades in his/her academic career