With the development of society, the consumption habits of modern people are also constantly changing. Now consumers can choose debit cards and credit cards to pay for purchases, but what is the difference between these two cards? Let’s take a closer look at the differences between debit and credit cards.

1. Definition of debit card and credit card

First of all, debit card and credit card are two different cards. They can both be used to pay for purchases, but they have different definition. A debit card is a bank card that can be used to pay for purchases, but it can only be used to pay for cash in an account, not cash that is not in the account. A credit card is a credit payment tool that can be used to pay for cash that is not in the account, but it requires consumers to pay off the bill within a certain period of time, otherwise interest will be charged.

2. Functions of debit cards and credit cards

Secondly, the functions of debit cards and credit cards are also different. A debit card can be used to pay for purchases, but it cannot be used to pay cash that is not in the account, nor can it be used to pay interest. A credit card can be used to pay for cash that is not in the account, but it requires consumers to pay off the bill within a certain period of time, otherwise interest will be charged. In addition, credit cards can be used to purchase goods, to pay for travel expenses, and to pay credit card bills.

3. The security of debit cards and credit cards

Furthermore, the security of debit cards and credit cards are also different. Debit cards are more secure because they can only be used to pay cash in the account and cannot be used to pay cash that is not in the account, so consumers do not have to worry about the cash in the account being stolen. Credit cards are less secure because they can be used to pay for cash that is not in the account, so consumers need to pay attention to protecting their credit card information to avoid being stolen by others.

4. The scope of use of debit cards and credit cards

The scope of use of debit cards and credit cards are also different. Debit cards can only be used to pay for cash in your account, so their use is limited and can generally only be used to pay for purchases. Credit cards can be used to pay cash that is not in the account, so they are widely used and can be used to pay for shopping, travel expenses, credit card bills, etc.

To sum up, debit cards and credit cards are two different cards. Their definitions, functions, security and scope of use are different. When consumers choose payment tools, they should be based on Choose the appropriate card based on your actual situation.