Debit cards and credit cards are two completely different bank cards, and although they can both be used for shopping and withdrawals, their uses, features, and features are very different.
First of all, a savings card is a debit card that does not have an overdraft feature. Cardholders must make a deposit before they can make purchases or withdrawals, and the funds will be debited directly from the cardholder's account when making purchases or withdrawals. Debit cards usually have lower interest rates because their main purpose is to facilitate transactions such as deposits, withdrawals, and transfers.
In contrast, a credit card is a credit card that has an overdraft feature. Cardholders can spend or withdraw money within the limit and then repay the loan within the repayment period, which usually has an interest-free period of 20-50 days. Credit cards usually have higher interest rates because they usually charge some interest and fees, such as annual fees, cash withdrawal fees, and overdue interest, among others.
In addition, debit and credit cards differ in terms of application and use. Savings** is often easier to apply because banks don't need to assess a cardholder's credit history. Whereas, the application for a credit card usually requires an assessment of the cardholder's credit history, income, and other factors. In terms of use, credit cards are more suitable for short-term cash flow and emergencies, while savings cards are more suitable for daily transactions such as deposits, withdrawals, and transfers.
Overall, debit cards and credit cards are two different types of bank cards that differ greatly in their purpose, features, and features. When using a bank card, you should choose the type of bank card that suits you according to your needs and financial situation.