Debit cardsĀ allow bank customers to spend money by drawing on funds that they deposited with theĀ cardĀ provider.Ā Credit cardsĀ allow consumers to borrow money from theĀ cardĀ issuer up to a certain limit in order to purchase items or withdraw cash.TheĀ differenceĀ is that aĀ debit cardĀ has a VisaĀ® or MastercardĀ® logo on its face. ... When you use aĀ debit card, the money is deducted from your checking account. With a creditĀ card, you're borrowing money to be repaid later.Ā ATMĀ andĀ debit cardsallow you to useĀ ATMs, a safe and convenient way to manage your money.A bank accountĀ debit cardĀ is linked to your checking account. AĀ prepaid cardĀ is not linked to a checking account. Instead, you are spending money you loaded onto theĀ prepaid card inĀ advance.Ā InĀ most cases, you can't spend more money than you have already loaded onto yourĀ prepaid card.Unlike credit and chargeĀ cards,Ā paymentsĀ using aĀ debit cardĀ are immediately transferred from the cardholder's designated bank account, instead of them paying the money back at a later date.Ā Debit cardsĀ usually also allow for instant withdrawal of cash, acting as anĀ ATM cardĀ for withdrawing cash.Ā
I hope this helped a little !