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Compare and contrast the credit card and debit card? |
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Answer» Credit Card: A credit card is different from a debit card where the credit card issuer lends money to customer instead of deducting it from customer’s bank account instantly. Debit Card: Credit card is an electronic payment system normally used for retail transactions. A credit card enables the bearer to buy goods or services from a vendor, based on the cardholder’s promise to the card issuer to payback the value later with an agreed interest. |
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