Want to know the difference between credit and debit cards?
Paying by card is one of today's great advantages. So you can leave the house without cash and pay by card. Knowing this trend, we decided to show you the difference between credit and debit cards.
First of all, it's worth pointing out that credit and debit cards are tools used on a recurring basis in the daily lives of most people who have an account with an institution. In this sense, this text will serve as a basis for showing its functionality.
What is the difference between credit and debit cards?
First of all, when we analyze the difference between credit card and debit cards, the big difference is the credit line and installment plans that credit cards offer. In this sense, unlike debit cards, which use the customer's balance or lis. What's more, the former will always offer future payments in installments on some occasions.
Of course, most bank account users use both forms of credit. However, the big "x" of the matter is that the credit line is only available to people who have a clean name and a high score. Therefore, we can emphasize that debit is an option that comes with any type of card.
On the other hand, a credit card needs to be analyzed by the bank, or the bank will make it available due to the good conduct of the customer who is using the account. In this sense, it's worth noting that this is the big difference between the two. Debit is a function that comes automatically when you receive the card. So it will only be used when there is money in the account.
Ultimately, both options are excellent for making things easier for the user. However, as we mentioned earlier, it is necessary to have prerequisites in order to acquire a credit card.
What are the most commonly used flags?
Now that we've explained the difference between credit and debit cards. We're going to show you which are the most widely used brands around the world. We have chosen four service providers that work with various banks.
Mastercard, Visa, Elo and American Express
Above all, we'll explain the advantages of each brand very simply. Several banks use Mastercard, Vista, Elo and American Express. However, the big difference is the advantages they offer the customer.
Therefore, if you choose to have an Itaú card with the Mastercard flag, you can enjoy the benefits provided by the flag. On the other hand, Visa, American Express and Elo are not far behind when it comes to customer benefits. However, you must sign up for one of the plans that offer advantages to start taking part in the promotions.
Primarily, this model is valid for all the brands we've mentioned, but each one has a different style of providing benefits to the customer. In this sense, try to analyze the advantages of using a credit or debit card that is linked to one of these companies.
Finally, we can see that credit and debit cards are worth using when they are linked to one of the card companies' programs. In this sense, it's worth taking advantage of the plans they offer.
Use the credit line responsibly
Now that we know the difference between credit and debit cards. It's important to note that the credit line approved for the card must be used responsibly. Therefore, many people make unbridled purchases with their card for frivolous reasons. Above all, always buy what is necessary and what fits into the month's budget.
Therefore, being in arrears on the card generates interest that can be accumulated with future debts that will be detrimental when it comes to having your name cleared and buying in installments. Therefore, it is important to stress that it should be used with caution and only at specific times.
Conclusion
You can certainly see the difference between credit and debit cards. In this sense, it's important to know how to acquire each one. It's also important to remember that in order to have a credit card, you need to have a credit line.
So now you know the difference between credit and debit cards. Contact your bank if you would like to have a credit line available. In addition, if you pay all your bills regularly, the institution itself will offer you this advantage.
In general, what we've been able to absorb is that the debit card is something natural that happens when you open an account. On the other hand, to have the advantages of a credit line bank approval is required.
Finally, follow all the guidelines we've given you in the text. Also, always use your cards with caution to avoid financial problems.
