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Originally posted by keshavmish
hi friend this is the solution of your problem
The use of plastic cards has spiked over the past years, especially as people find it more difficult to make ends meet. In the absence of the actual cash to pay for daily living expenses such as food and gas, people can use their credit cards for their purchases and then pay for them when they get their paycheck. Those who have enough cash but find it too much of a hassle to go to the bank from time to time to get money, debit cards provide a better option.

Cash as a mode of payment is definitely out of the picture. It is for the same cashless convenience that both credit cards and debit cards have gained popularity. While they essentially provide the same benefit, the manner in which you have to actually pay for your charges differ between these two payment cards. The application procedures as well as the screening guidelines would also have their similarities except for a bit of relaxation in terms of the credit score requirements for a debit card. Despite the rise in debit card usage, the use of credit cards for all sorts of financial transactions still remains to be the preferred option.
A debit card basically works like checks. They are, in fact, tied up with a checking account. When you make a purchase using it, the amount of your purchase is held on your checking account until the time when the merchant can send the documentation requirements needed to transfer such amount to their own account.

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