Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
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    Difference between Debit & Credit Card

    We found 52 Difference between Debit & Credit Card

    Card
    1st Year Fee
    Rewards
    Joining Perks
    0
    Response Time Within 30 minutes
    Rs.750 Amazon voucher free Ad Paperless approval option available
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    0
    Response Time Within 30 minutes
    Ad
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    499
    Response Time Within 30 minutes
    Rs.750 Amazon voucher free Paperless approval option available
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    Fee Details
    0
    Response Time Within 30 minutes
    Rs.750 Amazon voucher free
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    899
    Response Time Within 30 minutes
    Rs.750 Amazon voucher free
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    9999
    Response Time Within 30 minutes
    Rs.750 Amazon voucher free
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    Fee Details
    10000
    Response Time Within 30 minutes
    Rs.750 Amazon voucher free Paperless approval option available
    What you'll love
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    Fee Details
    0
    Response Time Within 30 minutes
    Rs.750 Amazon voucher free
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    Fee Details
    2500
    Response Time Within 30 minutes
    Rs.750 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
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    Fee Details
    0
    Response Time Within 30 minutes
    Rs.750 Amazon voucher free
    What you'll love
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    Fee Details
    2500
    Response Time Within 30 minutes
    Rs.750 Amazon voucher free Paperless approval option available
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    Fee Details
    3000
    Response Time Within 30 minutes
    Rs.750 Amazon voucher free
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  • Difference between Debit & Credit Card Reviews

    • Citibank Credit Card
      "Petrol waiver card"
      0.5 5.0/5 "Blown Away!"
      The response is really good with CITI bank customer service. I hold Indianoil credit card for past 2 years. This Indianoil card is used for fuel purposes. This card has the reward point which can be redeemed for fuel which is a very good benefit. I am happy with the credit limit. The rate of interest is nominal with this card. Overall I am satisfied with Indian oil card service.
      Was this review helpful? 1
      , new delhi
      Reviewed on May 25, 2017
    • Citibank Credit Card
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      It is a life time free credit card with Citibank and the services are excellent from them online as I can see all my transactions I do on the card. The offers are also constant and the credit limit is good. I am happy that there has not been any hassles in banking with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • HDFC Bank Credit Card
      "Convenient for shopping"
      0.5 5.0/5 "Blown Away!"
      I had been using HDFC credit card for last two years, its easy to use anywhere. I am holding domestic credit card its accessible all over in India without any charges and its life time free credit card. I used to get discounts on billing payment and discounts on fuel too.
      Was this review helpful? 0
      , aurangabad
      Reviewed on May 25, 2017
    • HDFC Bank Credit Card
      "Satisfied with the services"
      0.5 4.0/5 "Great!"
      The services at HDFC Bank is good and they are customer friendly. I hold a credit card and I am happy with what ever is provided to me. The credit limit is decent and the overall services is also good and there are no issues in me using my card online or offline. I get intimated instantly about my transactions.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • American Express Credit Card
      "Very good card to use"
      0.5 2.5/5 "Just OK"
      The American express platinum Travel credit card is not used in all the places. I am using it for past 2 months. There are lot of benefits with this card, but then I don't use this card much. The benefits like travel expense and the airport lounge and the reward points are available with this card. The rate of interest is too high when compared with others. I would like to suggest that AMEX card must work everywhere.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • SBI Cards Credit Card
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      When I had been offered this card, i was told it was that the credit limit would be good but the credit limit they have offered is 16k which is very low. The most important feature is on line banking with sufficient credit limit I have called the bank to increase my limit but they just said " Sorry sir no offers running now".
      Was this review helpful? 1
      , udaipur
      Reviewed on May 25, 2017
    • HDFC Bank Credit Card
      "Good Service"
      0.5 4.0/5 "Great!"
      HDFC provided life time free card, I am yet to compelte one year with HDFC. I did not receive reward points and cash back offers from the bank. I have to check with the bank for the reward points and the credit limit is one lakh. Their services are good and approachable.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 25, 2017
    • Axis Bank Credit Card
      "Good credit card"
      0.5 4.0/5 "Great!"
      AXIS is giving higher reward points and cash limit is good compared to other credit card, I am using VISA credit card. Whenever I used to shop with Flipkart they are giving 5% of discount at online shopping, I am very fine to use this AXIS credit card.
      Was this review helpful? 0
      , hosur
      Reviewed on May 25, 2017
    • ICICI Bank Credit Card
      "Convenient for shopping"
      0.5 4.0/5 "Great!"
      ICICI credit card billing option is very good they are giving 45 days of time to make the payment. Grace period duration is good. But ICICI credit limit is not good and it is not sufficient and we don't have option to make payment from one card to one card, that has to be improved.
      Was this review helpful? 0
      , hosur
      Reviewed on May 25, 2017
    • HDFC Bank Credit Card
      "Average"
      0.5 3.0/5 "Satisfactory"
      HDFC Bank needs to improve on the offers on the credit card. They provide a good credit limit but when compared to the offers they need to provide more features. The services are good and they are responsive as well when I send emails or when I contact them over the phone.
      Was this review helpful? 0
      , pune
      Reviewed on May 25, 2017
    • American Express Credit Card
      "Good to Use"
      0.5 5.0/5 "Blown Away!"
      The good features are there on my Amex credit card is I am getting more reward points on the card also I believe that they are giving some offers on flight ticket bookings. The annual charge is 1000 rupees and I am happy using my Amex credit card.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 25, 2017
    • IndusInd Bank Credit Card
      "Better Service"
      0.5 4.0/5 "Great!"
      Indusind bank is good for credit cards but I am not getting that much offers on the credit card. Also. I had no chance to use the card because I have other bank cards where I have good features and lot of offers on it. The annual fee for the card is rs500. Just holding the card however I had not used this card till date.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 25, 2017
    • ICICI Bank Credit Card
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      ICICI bank is also very good for the credit card services. They offered good features on the card and I have a lot of benefits if I use ICICI credit card. Reward points and cash back offers are default feature on the card. Moreover, their overall service is too good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 25, 2017
    • HDFC Bank Credit Card
      "The best choice"
      0.5 5.0/5 "Blown Away!"
      As per my experience with all the banks, I could say that the HDFC bank is the best bank for credit card, they are good in all the aspects. They offered regalia card with no annual charges. Credit limit is one lakh which is enough. Each and every time they used to credit reward points also it is very easy to redeem those points on shopping.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 25, 2017
    • Citibank Credit Card
      "Better Service"
      0.5 4.0/5 "Great!"
      CITI bank is good for credit card but I am not using it because I got good credit limit and other offers with other banks like HDFC and ICICI bank. Earlier I was using CITI card the most but nowadays I just keeping the card but no usage on it. Also I am thinking to surrender the card.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 25, 2017
    • Bank Bazaar Customer Support
      "nice way to apply"
      0.5 5.0/5 "Blown Away!"
      Nice way to apply credit cards especially it shows awesome offers regarding credit card & approval within 24 hours that is very great option in this website very good I would like to refer my friends, family collegeus and my company employees too.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 25, 2017
    • ICICI Bank Credit Card
      "Good to Hold this card"
      0.5 4.0/5 "Great!"
      Specialty about my Ferrari Platinum credit card has good reward points compared to any other cards, I used to get points for every transactions. I think 1 points - 25 paise its good, this card help me on my needs. I am using this credit card for past two years I got many offers in movie tickets like buy one get one free along with that I used to get payback points, I could redeem for mobile recharge.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 25, 2017
    • HDFC Bank Credit Card
      "Good overall"
      0.5 4.0/5 "Great!"
      Am happy with HDFC Bank for the services they offers and for the offers on the credit card. Everything is perfect on my card, the statements has never gone wrong and it has always on time. The repayment options are also convenient for me and more than all , it is a transparent process.
      Was this review helpful? 0
      , baddi
      Reviewed on May 25, 2017
    • Citibank Credit Card
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Citi bank credit card is very good in terms of their services. They have given me CITI rewards card and the credit limit they have offered me is very less just 36000 rupees and I was also confirmed that the reward points can be convereted into cash back.
      Was this review helpful? 0
      , pune
      Reviewed on May 25, 2017
    • HDFC Bank Credit Card
      "Good. Can do better"
      0.5 5.0/5 "Blown Away!"
      I also bank with HDFC bank for a credit card and I would suggest that the bank needs an improvement in the credit limit and the portal has to be more user friendly like SBI. There are so many options I need to go through to check about my transactions.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
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    Difference between Debit & Credit Card is Rated as "Excellent!" by 34791 Users

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    Credit Card BYTES FROM OUR KITCHEN

    There are significant differences between debit cards and credit cards. A debit card can be availed by any individual who has a current or savings account in his/her name and have deposited a sum of money in it. A debit card holder can use his/her card to make purchases, provided he/she has funds available in the account. A credit card is offered by lenders to those who fulfil various eligibility criteria. For people who apply for a credit card, a separate credit card account is opened in which the credit limit specified by the lender is available. This credit can be used by the borrower as a short-term loan and has to be repaid by the due date. An interest will be levied on the outstanding amount on the credit card.

    Various other differences between a debit card and credit card are highlighted below:

    Debit Card Credit Card
    Only the funds available in the current/savings account can be used to make transactions. Credit available in the credit card account can be used to make transactions.
    The availability of funds is based on the investment made to the account. The availability of funds is based on the credit limit set by the lender.
    Interest is earned on the deposit available. Interest is levied on the outstanding balance.
    EMI facility is not available on debit cards. EMI facility is available on credit cards.
    No repayment required. Repayment of outstanding amount can be made either as revolving credit (payment of minimum due amount on the credit card account or payment of more than minimum due on the card and less than total outstanding amount) or the borrower can choose to pay the total outstanding amount by the due date.
    Charges include joining fee, processing fee, annual fee, etc. Charges include joining fee, processing fee, annual fee, late payment fee, prepayment penalty/ foreclosure charges.
    Monthly bank statement is sent to the borrowers. Monthly credit statement is sent to the borrowers with details of bills, transactions, total credit outstanding, minimum amount due and due date of payment.
    Any savings/current account holder can avail a debit card. In order to avail a credit card, the applicant must fulfill the lender’s eligibility criteria. Factors such as the CIBIL score or credit history, existing relationship or transaction history with the bank, debt-to-income ratio, etc. affect the individual’s credit card eligibility and approval.
    Fraud liability offered by the Bank/ financial institution is low in the case of a debit card. Unlike a debit card, credit cards come with high fraud liability and insurance cover for losses incurred from the theft and misuse of a credit card.
    The transactions made on a debit card does not affect an individual’s credit history. Transactions made on the credit card is reflected on an individual's credit history and is reflected in his/her CIBIL score.
    Overdraft facility is limited in the case of a debit card. Overdraft facility is available on credit cards. However, an overlimit fee is chargeable on the same.

    Differences between ATM card, credit card and debit card

    While all three are plastic forms of currency, there are quite a few differences between ATM cards, credit cards and debit cards. Given below are the major differences between the three:

    ATM cards can be used at ATM’s only

    While this might seem obvious, the statement is quite a significant one. ATM cards have one purpose, and one purpose only - to enable you to withdraw cash from an ATM. They cannot be used to pay for groceries or a bill at a restaurant, for example, as they can only be read by an ATM machine, which in turn dispense cash from your savings or current account.

    Debit cards can be used anywhere, but require access to real-time funds

    If you’re looking for a card that can be used for transactions as well as to withdraw cash, then a debit card is the one for you. Debit cards can be used at ATM machines to withdraw funds that are already available to you. In other words, once the withdrawal is complete, the money will be debited from your savings/current account in real time. The same goes for purchases made using your debit card at restaurants, malls, cinemas, etc.

    If you do not have sufficient funds in your account at the time of making a purchase using your debit card, the transaction would go through if your card is linked to an overdraft account (which would permit you to withdraw a set sum that is over and above the amount you actually have in your bank account). If you have not linked your card, the transaction would not go through and the card will be declined.

    Some debit cards could also entitle you to cashback, or a return of a portion of the amount you spent on your card. This facility depends on the type of debit card you possess and on other factors such as the type of transaction and the place the transaction is being made.

    Credit cards can be used anywhere and function like mini-loans

    A credit card is, for all intents and purposes, a loan that the bank provides you at the time of making a purchase. Credit cards are not directly linked to your savings or current account, meaning there is no real-time deduction of money every time you make a purchase using your credit card.

    You will have to make a monthly payment at the end of your credit card billing cycle, where you will be required to make a payment towards your outstanding amount.

    You can choose to either pay off the whole amount or pay only a fraction of the cost, known as the minimum amount due. The balance amount, if any, attracts interest, which will accrue until the entire amount has been paid off.

    Applying for a credit card affects your credit score, which is the basis of your creditworthiness. Financial institutions look at your credit score before approving a loan or a credit card, as the score is used to judge whether or not you will be able to repay the loan or outstanding amount on your credit card.

    Credit cards also come with more additional benefits in the form of extended warranties or special offers, such as cash back, frequent flyer miles, etc. In this way, choosing the right credit card to suit your needs would result in you being able to raise your credit worthiness through informed spending, making it easier for a future credit card application or loan application to be accepted.

    These are some of the differences between an ATM card, debit card and credit card. There are many banks in India that offer these cards and people are advised to research before they apply.   

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