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Nairaland Forum / Nairaland / General / Business / The Difference Between A Credit Card And A Debit Card (35784 Views)
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Re: The Difference Between A Credit Card And A Debit Card by Nobody: 2:37pm On Jan 14, 2016 |
These small small yahoo boys for Lagos and rappers with their pre owned Range Rovers, if you care to impress me then show me your American Express Centurion card aka Black card |
Re: The Difference Between A Credit Card And A Debit Card by LydayBobo(m): 2:47pm On Jan 14, 2016 |
activelyA:Yes it does. I have one. The Gold card. I call it card with benefits... |
Re: The Difference Between A Credit Card And A Debit Card by Nobody: 3:07pm On Jan 14, 2016 |
missKiffy:yea.. |
Re: The Difference Between A Credit Card And A Debit Card by commodorejydes(m): 3:20pm On Jan 14, 2016 |
linearity:nice 1 Bro, very insightful |
Re: The Difference Between A Credit Card And A Debit Card by Nobody: 3:43pm On Jan 14, 2016 |
oluseyiforjesus:you can use both credit and debit cards for your online transactions as long as they are accepted by the merchant's site |
Re: The Difference Between A Credit Card And A Debit Card by Nobody: 3:48pm On Jan 14, 2016 |
linearity:my definition is based on the global market. U re most likely targeting Nigeria and other african countries. Thanks for your contributions.. I really appreciate |
Re: The Difference Between A Credit Card And A Debit Card by Nobody: 3:53pm On Jan 14, 2016 |
charlesucheh:In Nigeria Only Banks issue credit cards.. They pay for you when u transact and u pay later.. There's a naira credit card available in most banks in the country. You Fund the card and use it when you want to carry out a transaction and you can also use it at the ATM.. I will be write more on this type of card in my next post.. |
Re: The Difference Between A Credit Card And A Debit Card by marieolae(f): 3:54pm On Jan 14, 2016 |
souleymon: |
Re: The Difference Between A Credit Card And A Debit Card by Nobody: 3:54pm On Jan 14, 2016 |
kunle75:yea it does |
Re: The Difference Between A Credit Card And A Debit Card by Nobody: 4:05pm On Jan 14, 2016 |
scantee:10m?.. Baba u want relocate with the money ni? |
Re: The Difference Between A Credit Card And A Debit Card by frenchboy(m): 4:10pm On Jan 14, 2016 |
Tnx for this..that is aour atm is debit card.that means credit card wil be hard to get... |
Re: The Difference Between A Credit Card And A Debit Card by Nobody: 4:10pm On Jan 14, 2016 |
EgunMogaji:lol, baba u no get joy o 1 Like |
Re: The Difference Between A Credit Card And A Debit Card by InvertedHammer: 4:26pm On Jan 14, 2016 |
/ Per agreement with your bank: Credit card is used to spend borrowed money. You will pay back the loan with interest Debit card is used to spend the money you deposited in your account.e.g. using your ATM card in a POS |
Re: The Difference Between A Credit Card And A Debit Card by Nobody: 4:29pm On Jan 14, 2016 |
Nice one bro...keep it up |
Re: The Difference Between A Credit Card And A Debit Card by linearity: 5:36pm On Jan 14, 2016 |
EgunMogaji: Yes oh, na typo; interest is not charged during grace period. Thanks. 1 Like |
Re: The Difference Between A Credit Card And A Debit Card by Nobody: 6:01pm On Jan 14, 2016 |
fighal: So you sabi that card? Na by invitation only and $10,000 fee plus you have to be a millionaire (in US$), no preset spending limit. A painting purchase was charged to it by a Chinese customer for $170million |
Re: The Difference Between A Credit Card And A Debit Card by Nobody: 6:02pm On Jan 14, 2016 |
InvertedHammer: ...if you don't pay off the charges before the due date at the end of the month. This is important to note. |
Re: The Difference Between A Credit Card And A Debit Card by Nobody: 7:13pm On Jan 14, 2016 |
EgunMogaji:that card seperate men 4rm boys 1 Like |
Re: The Difference Between A Credit Card And A Debit Card by Nobody: 7:16pm On Jan 14, 2016 |
frenchboy:yea our atm cards are mostly debit cards |
Re: The Difference Between A Credit Card And A Debit Card by Nobody: 7:36pm On Jan 14, 2016 |
marieolae: You will be forced to have 1,if you dealing mostly on online trade or any foreign business stuff |
Re: The Difference Between A Credit Card And A Debit Card by Nobody: 7:40pm On Jan 14, 2016 |
godfirstawe:We need teachers like you, that will convert complex Algebra to simple ABC/123 1 Like |
Re: The Difference Between A Credit Card And A Debit Card by 2n2k(m): 7:53pm On Jan 14, 2016 |
EgunMogaji: Grace period however applies to POS and online transactions only. If you withdraw cash from ATM using credit card, there won't be grace period for that transaction. |
Re: The Difference Between A Credit Card And A Debit Card by Nobody: 7:59pm On Jan 14, 2016 |
2n2k: And that's why I stated "new purchases". But since you want to address using a credit card as a personal loan then we should add that cash withdrawals incur a higher interest rate than purchases, in most cases. |
Re: The Difference Between A Credit Card And A Debit Card by InvertedHammer: 8:22pm On Jan 14, 2016 |
EgunMogaji: Very correct!!! 1 Like |
Re: The Difference Between A Credit Card And A Debit Card by scantee(m): 8:29pm On Jan 14, 2016 |
fighal:haa haa e go make sense na if dem go allow it |
Re: The Difference Between A Credit Card And A Debit Card by Nobody: 9:03pm On Jan 14, 2016 |
scantee:lol |
Re: The Difference Between A Credit Card And A Debit Card by Nobody: 11:20pm On Jan 14, 2016 |
great664: You took words out of my mouth. Not that Nigerians are unaware of credit cards but are not yet ripe for this type of service. if a credit card is issued to them and after exhausting their limit, the next thing to think of is abandoning the card. The e-credit from mobile network operators comes to mind. 2 Likes 1 Share |
Re: The Difference Between A Credit Card And A Debit Card by Addicted2Women: 12:15am On Jan 15, 2016 |
In America, credit card is the real deal. They use credit cards to build credit score. Credit score is what determines if you can get a car loan or house mortgage. The more you use your credit card and pay for it, the more your credit score goes up and you are qualified to buy a car or house in credit. Debit card is the type of card you go to the store, hand them your money and they will out the money in your card and you can use that card to purchase anything in any store or online. Credit card is the type of card the bank or money institution gives you, it already have money in it, it's like borrowing money, you pay back the money in small portion. 1 Like |
Re: The Difference Between A Credit Card And A Debit Card by linearity: 3:18am On Jan 15, 2016 |
EgunMogaji: True talk, it also be mentioned that, using credit cards as personal loan facility is a bad bad idea. That is when the banks gets you, talk to your banker, since you qualified for credit cards, chances are you may also qualify for a personal line of credit or a signature loan, their interest rates are far lower than the cash advance through your credit card. 1 Like |
Re: The Difference Between A Credit Card And A Debit Card by warrenweste(m): 11:16am On Jan 20, 2016 |
dustydee: pls which of their cards? |
Re: The Difference Between A Credit Card And A Debit Card by dustydee: 11:17am On Jan 20, 2016 |
warrenweste:I can't remember the name. I shredded it afterwards. |
Re: The Difference Between A Credit Card And A Debit Card by warrenweste(m): 11:19am On Jan 20, 2016 |
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