📝 One-liners · 38 cards

Plastic Money

Funds source — Credit Card / Debit Card?
Credit Card: User accesses his line of credit (borrowed funds from the issuer); Debit Card: User accesses his own bank account balance
Transaction limit — Credit Card / Debit Card?
Credit Card: Up to the sanctioned credit limit; Debit Card: Up to the available balance in account
Payment timing — Credit Card / Debit Card?
Credit Card: Payment on receipt of monthly bill from the issuer; Debit Card: Immediate debit to the linked account
Account requirement — Credit Card / Debit Card?
Credit Card: Customer may or may not have an account with the issuer; Debit Card: Customer must maintain an account and balance
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