A credit card and a debit card are both payment cards that are used to make purchases and withdraw cash. The main difference between the two is that a credit card allows you to borrow money from the card issuer, while a debit card draws money directly from your bank account.
Credit cards are issued by banks, credit unions, and other financial institutions and allow you to borrow money up to a certain limit. When you make a purchase with a credit card, you are essentially taking out a loan from the card issuer. You are then required to pay back the amount you borrowed plus interest.
Debit cards, on the other hand, are linked directly to your bank account. When you use a debit card to make a purchase, the money is taken directly from your bank account. The money is not borrowed and there is no interest charged.
Another difference between credit and debit cards is the level of protection. Credit cards offer more protection against fraud and theft than debit cards, as you are not liable for any fraudulent charges if your card is stolen. Debit cards, however, are not as secure and you may be liable for any fraudulent charges if your card is stolen.
Finally, credit cards typically offer rewards and other benefits, such as cash back or travel points, while debit cards typically do not.