Debit Card vs Credit Card Benefits ?

Today, Debit Card vs Credit Card Benefits ? every person wants to have a credit card. If you don’t know what is debit card and credit card then it doesn’t matter because in today’s post we will get information about the same and here we will discuss what is the difference between debit card and credit card?

Having a bank account is essential for paying online, so bank accounts are opened for those who do not have bank accounts all over the country. And instead of cash transactions, the emphasis is on online transfer. By now you’ve probably realized that if you don’t have a bank account, you can’t make online payments.

Whatever payment we make online, that money is paid from our bank account. When a new account is opened, we are issued an ATM card, which is made of plastic and which we use to withdraw money from the ATM. We also know this ATM card as debit card.

You must have gone shopping or gone to fill oil at the gas pump, at which point you should have made the payment by swiping your debit card on the swipe machine. Also, it is mostly used to withdraw cash from ATMs.

In addition to a debit card, there is also a card that we know by the name of a credit card. We also use it as a debit card, but who needed to separate the two then? There must be some difference between the two.

So the answer is….yes. Both are very different from each other. We will also learn about this in this post. But before that let us know what is a debit card and what is a credit card and how is it made? And what is the difference between the two?

What is a debit card?

A debit card, which we also called an ATM card, a bank card, a plastic card or a check, is a plastic card that can be used to pay anywhere, but we do not use cash on it, but conduct transactions online. ,

The money for the payment is directly debited from our bank account. It’s like a prepaid SIM card so as long as there’s a balance we can talk and also as long as there’s money in the bank account we can make payments.

When we open a new bank account, some services are provided to us separately, such as online banking, mobile banking and an ATM card. An ATM card issued by a bank is also called a debit card.

Today, whoever has a bank account must have an ATM, why now nobody wants to stand in long queues at the bank to withdraw money. At first, people were afraid to use it, but now, whether in the city or the countryside, almost everyone has started using it. With this we can withdraw cash from any bank ATM.

Advantages of debit cards

India has a large population and the use of debit cards is very fast. The reason for this is everyone.

This has made our lives much easier, which was not the case before. Now sitting at home with one card we can buy almost everything we need. Let us know what other advantages it has.

  1. Security
    Using a debit card is not only convenient for us, but also safe when compared to cash and checks.
  2. Money management and control
    You will also agree with me that if you believe in money, you gain wings, money is spent as soon as it is in your pocket.
    • A debit card gives us the ability to see and verify our entire transaction record of our money, as well as keep a close eye on where it’s been spent. You can also control the money you spend.
  1. Lightness
    Working with debit cards is very fast. Whether you go to an ATM to withdraw money or shop at a supermarket and pay from an exchange machine, the process is instantly paid. It does not take much time, rather this whole process is done in a few seconds.
    • With its help, we can also install an automatic payment option, which automatically deducts money on a certain day. This is useful when we have to pay somewhere every month and we are afraid to forget.
  1. Awards
    Nowadays, all banks also provide rewards to their customers with their debit cards. Some people make frequent and regular transactions online using their debit cards. Some points are given by banks based on more transactions from which we get some money.
  2. Acceptance of debit cards
    Some people want to know if they can use it everywhere? So you should know that you can shop or pay almost everywhere using a debit card.

Nowadays Flipkart can buy anything with its help by placing an order in the installation.

Types of Debit Cards

Maestro card
Visa Electron card
of rupees
master card

What is a credit card?

A credit card is a payment card that is used in the same way as a debit card. However, it does not require any bank account, rather it is directly linked to the bank.

We pay from this by taking a loan from the bank, for which we also have to pay certain fees. It is like taking a loan from the bank, when we realize that we promise the bank that issues the card that we will return the money.

In a way, it’s just like a postpaid SIM card where we make as many calls as we want in a month and pay the bill later.

Similarly, we can spend up to that limit on purchases or payments, and then we have to pay the full amount plus any additional charges.

Never withdraw cash from an ATM using this card, as this makes withdrawals very expensive. This is because a credit card gives money only in the form of a loan and every time we withdraw money from an ATM using this card, the interest is very high.

When the credit is created, the bank gives it to us by setting a limit at that time. It depends on the bank what limit they give you. It starts from Rs 20,000 to Rs 25,000. can happen up to This bank makes a decision based on your business profile and the salary you receive. This is because the bank knows how much money you can spend and pay back.

When you shop with a credit card, the bank specifies a date by which you must pay the minimum amount by that date. This way, you won’t have to pay any additional fees and you won’t have to pay the whole amount in one go. If you fail to pay the money by the due date, you will have to pay more money as a penalty. For this reason, credit cards are generally not used by middle-class families.

Advantages of a credit card

The biggest advantage of a credit card is that even if you don’t have money in your pocket or bank account, you can make purchases within the limit.

If you want to buy a mobile phone, computer or any other product and can’t pay in one go, you can buy any EMI product from Flipkart, Amazon, Snapdeal.

You can use your credit card wherever you go and even if you don’t have cash in your wallet.
With this, you are constantly getting coupon codes and many other discount offers from the bank.
You will also get rewards for the transactions performed on it.

This way you can easily carry out cashless transactions anywhere.

How is credit created?

From my experience, getting a credit card is no big deal these days. If you are working and your salary is less than Rs.15000. You get this card if you pick it up.

In addition, if you already have a bank account, after a few months of transactions, the bank offers to make a credit card yourself.

It mainly helps Axis Bank, HDFC Bank.

Banks usually ask for some documents for credit card which I have mentioned below.

Last 2 months salary slip or last 6 months transactions.

Pan card
Aadhar card

For people who are self-employed, the bank offers them a credit card because they know that the entrepreneur has to do a lot of transactions.

All you need to do is always maintain a good account balance and make frequent transactions, even for small amounts.

How many types of credit cards are there?

If you do a job then any bank gives you a credit card. All banks also have the ability to issue different types of cards. Some cards offer an additional option as well, but those must be charged an annual fee.

full card
American Express
master card
chase card
find card
capital one card

What is the difference between Debit Card and Credit Card?

Before this, we have come to know separately what is debit card and credit card, then you should have understood a little bit about the difference between them. Here we will talk about some more facts which will clear all your confusion.

To get a debit card, it is necessary to have a savings account with the bank, without which the debit card cannot be issued. However, you do not need a bank account to set up a credit card.

Debit is like a prepaid mobile number, you can withdraw as much as you have in your account, if your account balance is 0, you cannot withdraw money from your debit card. Meanwhile, the credit card must understand that the postpaid mobile phone number is the same. With this you borrow money from the bank, but it also has a limit, you can take this much amount for loan from the bank. Then the money must be returned by the specified date, that too for an additional fee. There is also an advantage that if you repay the entire loan amount before the end of one month, then there are no additional charges.

With credit card we can withdraw money from ATM but do not use it to withdraw money from ATM as its fees are very high.

Also Read

With a bank account balance of 0, we cannot make debit card payments or withdraw money from ATMs, but we can borrow money from credit cards and use it at any time, regardless of At that time our account balance is zero or there is no money in hand.

Getting a debit card is very easy. Because it is available free of cost at the time of opening a bank account. However, getting a credit card is a bit complicated and requires a separate application.

We don’t have to pay any bill with debit card but we have a credit card to pay the money spent every month. And if you don’t make the payment on time, you may have to pay a huge penalty. For this, we can use the automatic withdrawal option by linking the credit card to the debit card account, which automatically withdraws money every month on a specified date. Even if you ever forget, you can avoid getting deducted extra charges.


I hope you have liked this post today and your information should have been complete and you would have also come to know the difference between debit card and credit card.

I also explained how to get a credit card and what are its terms and what documents are needed. Also, did you learn here what is a debit card and a credit card?

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