What is the difference between Debit Card & Credit Card?

The features of debit card and credit card might appear to be same, but they are infact very different. Knowing the differences and understanding how and when to reach each can be a gamechanger when you handle your finances.

  • Access to funds
  • Perks
  • Spending limit
  • Credit score
  • Fraud protection
  • Fund deductions
  • Potential changes

If used correctly, credit cards can be a wonderful financial tool that can be a great addition to one’s wallet. However, it is important to remember that credit cards come with a great deal of responsibilities. Before applying for a credit card, ask yourself if you are ready for the responsibility and where you intend to use the card. If you can embrace the intelligent use of credit cards, they can serve you well for years to come.