A debit card is not a credit card. When you use a debit card, the money is deducted from your checking account. With a credit card, you're borrowing money to be repaid later. ... ATM and debit cards are also a convenient way to make purchases without carrying cash that help you keep better track of the money you spend. Credit Cards
A credit card is a card issued by a financial institution, typically a bank, and it enables the cardholder to borrow funds from that institution. Cardholders agree to pay the money back, with interest, according to the institution's terms.
Credit cards are issued in four categories:
Standard cards simply extend a line of credit to their users.
Rewards cards offer cash back, travel points, or other benefits to customers.
Secured credit cards require an initial cash deposit that is held by the issuer as collateral.
Charge cards have no preset spending limit, but often do not allow unpaid balances to carry over from month to month.
Debit Cards
A debit card is a payment card that makes payment by deducting money directly from a consumer’s checking account, rather than via loan from a bank. Debit cards offer the convenience of credit cards and many of the same consumer protections when issued by major payment processors like Visa or MasterCard.
There are also two types of debit cards that do not require the customer to have a checking or savings account, as well as one standard type:
Standard debit cards draw on your bank account.
Electronic Benefits Transfer (EBT) cards are issued by state and federal agencies to allow qualifying users to use their benefits to make purchases.
Prepaid debit cards give people without access to a bank account a way to make electronic purchases up to the amount that was pre-loaded on the card
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