What is the difference between a debit bank card from credit: comparison of cards, distinctive features, advantages. How to find out what is my card: debit or credit? Which is better: a credit card or debit? Can a debit card become credit?

This article descriptions, distinguishing features of credit and debit card.

Content

Currently, plastic cards are a popular payment tool. There are two types of plastic cards: debit and credit. They differ among themselves externally and according to other criteria. Let's look at the features of both payment systems in more detail in this article.

What is debit and credit card: definition

Debit plastic card - This is a payment tool used for non -cash payment for the purchase of goods in retail outlets, for payment of services, and withdrawal at any time. This is a kind of electronic wallet with which money will always be at hand.

Credit card - payment tool intended for various financial transactions. Using this type of card, you can also pay for purchases in the store, use any services and withdraw money at the ATM.

How to find out, check what my card is: debit or credit?

It seems that both of these types of plastic cards are completely identical, but there are still differences. So, how to find out, check what my card is: debit or credit? Here are some tips:

If only your funds (pension payments, social assistance, salary from the employer) are on the account account), then it is debit. If the funds of a banking institution are in the current account, then it is credit.
Study the documents - an agreement with a financial organization. A separate item prescribes which card issued to the client. In addition, the amount of monthly payments and interest should be indicated on the credit card.
Some bank cards have written: Debit or Credit. Accordingly, Debit is a receipt card, and Credit is a credit with borrowed funds.
Cards with borrowed money from the bank offer people additional pleasant resources: bonuses for the purchase of goods in partners, points or cache-beam.
Go to the official portal of your banking institution and in the section "Cards" see the proposed products. You must have one of the cards, as in this section on the Bank Internet resource.
Explore an extract from the bank. It prescribes a credit limit or an affordable balance, as well as a minimum payment that needs to be made if there is a debt. A available residue happens with a debit card, and everything else says that you have a credit card.
Call at the Customer Service Center on the Bank Hot Line. The operator will ask the card number, surname and code word. After that, he will be able to answer what banking product you have in your hands.
Contact the bank branch or its head office to any operator. You need to have a passport with you. The specialist will check the map on the database or just answer what banking product you have in your hands.

It doesn’t matter which card is on your hands, such a payment tool is safe for you as a card holder. If she falls into the hands of attackers, then they will not be able to use it, since she is protected by a password. Well, if you have several cards and you forgot, which of them is debit or credit, then use the above tips to draw an analogy.

How to distinguish a debit card from a credit outwardly?

The difference between a debit card and credit

The external distinctive features of the debit card from the credit are included in the signature: Debit or KreditAs shown in the picture. But many credit institutions do not write the name of the product, so in this case the tips published above will help.

Sberbank customers can determine what a card they have, for example, numbers " 01"(5 and 6 digits in the room): 4538 01…, 568101…, 547601… and so on. If you have such numbers in the card number, then it is credit.

What is the difference between a debit bank card from credit: comparison of cards, distinctive features

Banking institutions are constantly developing, and offer different products to their customers. Currently, debit and credit cards are considered the most popular of them. With their help, it is convenient to pay for purchases and receive different services, both in stationary stores and companies, and on the Internet. We made a comparison of the cards above and told how the debit bank card from the credit is different. Here are a few distinctive features of these two banking products:

Debit plastic cards are available for storage in their accounts of cash. Already everyone is used to the fact that such cards are credited with a salary from the employer, state pension and social payments or scholarships. For the manufacture and use of this type of card, payment from the client is not charged.
Borrowed funds that you use by credit card, must be returned to the credit institution completely and within the prescribed time.
For the use of borrowed funds, you will have to pay the bank a certain reward in the form of interest.
It is convenient to use a credit cardif you need a small amount before the salary. At the same time, no one needs to explain for what purpose the money was needed.
Typically, credit cards have a grace period. At this time, you can return the money to the account without paying interest to the bank.
Upon receipt of a credit product in the form of a plastic card, an income document is often required. Based on this document, a credit limit is established.

The main distinguishing features of the debit card from the credit is that the first is your personal money that can be spent and not returned to the account. On the second card are borrowed money, for the use of which you need to pay the interest of a financial organization, and they need to be returned in full.

Advantages of the credit card over Debetova: List

For many people, a credit card is an indispensable financial product that allows you to solve problems related to money. Someone still cannot decide whether to receive such financial support from the bank or not. The list of the advantages of the credit card over Debetova will help to understand:

You will always have money in stock. There is nothing terrible in the fact that they are borrowed, most importantly, it is timely to pay the “body” of the loan and interest.
In almost every store and a shopping center, you can pay for purchases with a credit card. All such mutual calculations are carried out simply, quickly. To withdraw cash from such a card, you will have to pay a percentage, then when calculating for purchases, money is written off for free.
Percentage return for purchases - discount. Many banks, together with sellers of different outlets, especially on the network, offer their customers Cash Back. Of course, the size of such a discount is small, but if the purchase is expensive, then the money returned for it will be noticeable.
The grace period of lending. You can use the money that the bank gives you. But during a certain period they will have to be returned.
Cobranding. Often the bank issues credit cards with the participation of a large partner. For example, the airline concludes an agreement with a financial institution. A bank client receives a card for a cobrending program with this airline, and then he can buy flights with good discounts.
Elite credit card holders can use additional privilegesthat the banking institution offers. For example, insurance when traveling abroad, or universal support for some household issues.

As you can see, a credit card has many advantages. Therefore, such a financial product is so popular in our country.

Advice: Never keep a lot of funds on the map, as fraud flourishes every day. If you have been increased by the credit limit, and you do not use this money, then visit the bank, and write an application to reduce the limit.

Which is better: a credit card or debit?

Many people do not know which card is most convenient to use - Debit or Kredit. Everyone knows about credit card, but the concept of “debit card” of some people confuses, as this is an incomprehensible definition. Which card to give preference and which is better: a credit card or debit?

From the foregoing it is clear that by credit card you will use borrowed funds, and your personal money will lie on Debetova.
But it often happens that wages are not enough for all personal expenses and you have to use borrowed funds.
If you are used to taking everything necessary on credit and at the same time always return borrowed money in a timely manner, then a credit card is suitable for you.
If you regularly receive money at your debit card and you have enough for you to live, then use this type of bank card. At the same time, it is not necessary to give the bank interest on the use of borrowed funds, as in the case of a credit card.

Which card is better, everyone decides for themselves individually. Some spend borrowed money and do not have the opportunity or cannot return it, then a credit card is not suitable for them. Others do this perfectly and they still have free funds, which means that they can use a credit banking product.

Is it possible to use a credit card as a debit?

Many people who do not have a salary card are wondering: is it possible to use a credit card as a debit? Yes, it is possible if it has a positive balance. But you will have to pay more money for annual service.

It will also have to ensure that the balance of bank borrowed funds does not decrease. If you spend more than you put, then you will acquire the status of the borrower. It is more profitable to make purchases with a credit card at the expense of cashback and bonuses.

Can a debit card become credit?

Each bank client can get an overdraft for a debit card. This is a short -term loan that is repaid due to the regular receipt of funds to the account of the debit card (salaries or other payments). But overdraft is significantly different from the loan.

A debit card cannot become credit, as these are completely different banking products that suggest different contracts and conditions.

How to make a credit out of a Sberbank debit card?

Recently, Sberbank, one of the oldest banks in Russia, has connected overdraft for his customers to debit cards. Accordingly, many debit cards have become automatically credit. Some people like it, others want to abandon such an offer of the bank, as they are afraid to go into minus in cash.

Does the debit card affect the credit history?

If you have a debit card with connected overdraft, then overdue payments under this program will affect the credit history. But not all banks transmit similar information to the BCI (credit bureau). If you have a debit card with connected overdraft, then most likely your bank will transmit information about overdue payments under this program. This is specified by the experts of your bank.

A credit card is a unique banking product with which everyone can solve any material difficulties in his life. But we must remember that borrowed money must be given, otherwise problems with a banking institution will be added to material difficulties.