Is the Girocard a debit card? What is the difference between a prepaid card and a credit card? Is a MasterCard always considered a credit card? Everyone knows the different types of cards available, but what is the difference really? In order to eliminate some confusion that you may have, we have decided to put together some descriptions of common terms and phrases to help you answer these questions.
Debit cards are used for cashless payments or to withdraw money from an ATM. The money that is spent is debited immediately from the link account. The debiting process remains the same for most debit cards, but sometimes there are small differences between the providers.
With credit cards, the cardholder receives a monthly statement of the goods and services purchased. Most credit cards can be used both offline and online worldwide. How they work depends on the billing cycle and the type of card.