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Subjects>Business>Finance

What is a debit card?

Updated: 9/11/2023

Wiki User

∙ 8y ago

Best Answer

A debit card takes the money out of an existing account.

A credit card, on the other hand, allows you to borrow money (which must be repaid) by paying someone (the loan) directly.

Wiki User

∙ 8y ago

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Continue Learning about Finance

Is Mastercard a debit card?

no, it is a credit card. a mastercard can be either a debit or a credit card

How old do you have to be to get a visa debit card?

11, I'm 11 and i have a Visa Debit card with Lloyds TSB, a proper visa debit card.

Can you get a loan with a rush card its a debit card?

There are debit card loans, but they are basically payday advances.

What is better Debit card or Credit Card?

I prefer debit card but if you like the bank giving you money then paying it back then it credit card for you . If you have debit card is like your whole bank in your wallet :)

What is a debit card and how does it work?

Debit card works like a credit card, the only difference is that when you make a purchase, the transaction is charged to your deposit with the bank who issued your debit card.

Related questions

debit card?

Debit Card vs Credit Card

Debit?

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Where is the roll number on a debit card?

where is the roll no on a debit card

What is a common function of the debit card?

A common function of the debit card is as an ATM card.

Is Mastercard a debit card?

no, it is a credit card. a mastercard can be either a debit or a credit card

History of Credit card and Debit card?

Debit cards were introduced in 1977-1978. Master Charge, now called Master Card had a debit card called Signet. Visa's debit card was called Entree.

Where is your debit number on your debit card?

The last four numbers on your card

Where can you find your account number for your debit card?

at the back of the debit card

How old do you have to be to get a visa debit card?

11, I'm 11 and i have a Visa Debit card with Lloyds TSB, a proper visa debit card.

Can you get a loan with a rush card its a debit card?

There are debit card loans, but they are basically payday advances.

What can you use a Mastercard debit card for?

Just like a regular debit card. A MasterCard debit card can be used in any purchase wherein a debit card can be accepted. They provide an added convenience in online shopping.

How do you identify the credit card from a debit cart?

it will say debit on the front of the card

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