| Debit cards are becoming very popular. A debit | | | | the amount of money a person has in their bank |
| card is often tied in with a major credit card so | | | | account. This is the main difference between a |
| they can be used like a credit card, however, | | | | credit and debit card. |
| unlike a credit card a person can only spend the | | | | Another major difference between credit and |
| amount of money they actually have. A debit | | | | debit cards is the risk involved. Because they are |
| card is tied into a persons checking account. | | | | attached to a bank account, loosing a debit card is |
| Basically the idea of debit cards is to reduce the | | | | very risky. A person does not need a pin number |
| need to write checks. With everything quickly | | | | to use a debit card and therefore can easily drain |
| becoming paperless this fits right in. Debit cards | | | | a persons bank account, causing extreme |
| are also the persons ATM card. They can use | | | | problems. |
| them just like any other debit card. Unlike a credit | | | | With a credit card the only problem is proving |
| card, though, as long as they use it at their banks | | | | that someone else used the card. With a debit |
| ATM they will not receive additional charges for a | | | | card the persons has to figure out how to get |
| cash advance because they are actually taking | | | | their money back and if any checks bounced |
| their own money out of the bank. | | | | they are responsible for those as well. The legal |
| Distinguishing between a credit card and debit card | | | | liability is much greater with a debit card than with |
| is done in a few different ways. First of all, while | | | | a credit card. |
| the credit card logo is on the debit card, there is | | | | The good thing about a debit card, though, is that |
| also usually the banks logo and the word 'debit'. | | | | it gives a person the freedom to use it anywhere |
| However, a credit card and debit card do look | | | | credit cards are accepted. They liminate the |
| familiar and usually only the person using the card | | | | hassle of having to write a check and show id. |
| knows it is a debit card not a credit card. | | | | They are easy to use and accepted in a large |
| The main difference is the way the card works | | | | variety of places. |
| and where the money comes from. Debit cards | | | | Debit cards are convenient and easy to use |
| can be used as either a debit card or credit card. | | | | verses checks or an ATM. They do have some |
| Credit cards can only be used as a credit card. | | | | risks, though. That makes it important for a |
| Debit cards do not carry a line of credit. The | | | | person to use their debit card carefully and make |
| purchases made with a debit card can not exceed | | | | sure they keep it in a safe place. |