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    Presentation On Debit and Credit Card

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    crishantip2
    This presentation summarizes the key differences between debit cards and credit cards. Debit cards allow purchases to be made directly from the user's bank account without carrying cash. Credit cards allow users to make purchases by borrowing funds and charging interest, but may offer rewards programs. While credit cards can help build credit, debit cards avoid debt accumulation since funds are deducted immediately from the linked bank account. The document outlines the main uses and features of both debit and credit cards.

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    Download as PDF, TXT or read online from Scribd

    Presentation On Debit and Credit Card

    Uploaded by

    crishantip2
    21 views8 pages
    This presentation summarizes the key differences between debit cards and credit cards. Debit cards allow purchases to be made directly from the user's bank account without carrying cash. Credit cards allow users to make purchases by borrowing funds and charging interest, but may offer rewards programs. While credit cards can help build credit, debit cards avoid debt accumulation since funds are deducted immediately from the linked bank account. The document outlines the main uses and features of both debit and credit cards.

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    Presentation on Debit and Credit Card

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    This presentation summarizes the key differences between debit cards and credit cards. Debit cards allow purchases to be made directly from the user's bank account without carrying cash. Credit cards allow users to make purchases by borrowing funds and charging interest, but may offer rewards programs. While credit cards can help build credit, debit cards avoid debt accumulation since funds are deducted immediately from the linked bank account. The document outlines the main uses and features of both debit and credit cards.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    21 views8 pages

    Presentation On Debit and Credit Card

    Uploaded by

    crishantip2
    This presentation summarizes the key differences between debit cards and credit cards. Debit cards allow purchases to be made directly from the user's bank account without carrying cash. Credit cards allow users to make purchases by borrowing funds and charging interest, but may offer rewards programs. While credit cards can help build credit, debit cards avoid debt accumulation since funds are deducted immediately from the linked bank account. The document outlines the main uses and features of both debit and credit cards.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 8

    Presentation on the uses of debit and credit card

    DONE BY: Shadonna Sloley, Yashiena


    Thompson, Tomoya Thorpe, Loriann Barnaby
    DEBIT CARD
    A debit card, also known as a
    check card or bank card, is a
    payment card that can be used
    in place of cash to make
    purchases. The card usually
    consists of the bank's name, a
    card number, the cardholder's
    name, and an expiration date,
    on either the front or the back
    USES OF A DEBIT CARD

    01 02
    Allows you to buy things Let’s you get cash
    without carrying cash quickly

    03 04
    Take money out of your You can get cash back
    account immediately when you buy something
    in a store
    CREDIT CARD
    Credit cards are plastic or metal cards
    used to pay for items or services using
    credit. Credit cards charge interest on
    the money spent. Credit cards may be
    issued by stores, banks, or other
    financial institutions and often offer perks
    like cash back, discounts, or reward
    miles.
    USES OF A CREDIT CARD

    Allows you to

    01 02
    Bonuses provided to credit card
    buy products customers when they use their
    and services on cards to make purchases
    low-cost EMIs.

    Grace period- The period of time

    03 04
    SAFETY between the end of a billing
    overage for situations in which cycle and when your bill is due.
    someone fraudulently uses your You may not be charged interest
    credit card. on your balance as long as you
    pay it off by the due date.
    Difference between credit card and debit card
    CREDIT CARD
    ● Borrowed funds issued by
    DEBIT CARD
    ● Money deducted from your
    a bank
    bank account
    ● Helps u build credit
    ● Won't help u build credit
    ● Too much spending can
    ● Helps avoid accumulation
    lead to debt
    of debt
    ● Interest rates and fees vary
    ● No interest charges and
    ● Offers fraud protection as
    little to no fees
    well as protection against
    ● Does not offer fraud
    unauthorized purchases
    protection

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