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Saturday, May 2, 2020
What is a debit card, what is a credit card, what is a Visa card? Find out the details
Debit card
ATM card is the name of the bank you have an account with and that bank gave you a card called ATM card, the reason for giving this card is because the bank is on holiday or there is no banking time at night, but if you need money at this time With the card, you can withdraw money from the ATM booth anytime, anywhere, wherever there is an ATM booth. This is the ATM card. However, ATM card and debit card are the same thing, but debit card means like a prepaid SIM, such as money is deposited in your account and the money can be withdrawn with the ATM card or anything else can be done with the card such as mobile recharge, bill pay, shopping, etc. However, the money that you will spend in these cases is the money that you have deposited in your account and the card that the bank will give you to spend or withdraw this money is called debit card.
Credit Card:
The credit card system is different, just like before you have a bank account, now you will not take debit card from the bank through that account, you will take the credit card OK fine but there are some conditions for taking credit card Whether the bank will pay you or not depends on your income. The reason is that credit cards are postpaid. You can spend as much money as you have in your account like May. You can spend in any sector including shopping with the card but it will have a limit and there will be a time limit, within that time you will have to pay the extra money to the bank, which means your extra expenses. All you have to do is take a loan from a bank without taking a loan from anyone. Credit cards are usually used when purchasing goods or services for a lot of money.
Visa Card;
This is a lot of bank ATM card, but the bank's ATM card is to withdraw money from the bank booth of the bank, but you can use the VISA card in all the places where you receive VISA card, ie support or withdraw money from all those booths. If you have an International Visa Card, you can use it outside the country.
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