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No, credit cards are loans and debit cards are checks.

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9y ago

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Is credit card and debit card is a cash?

No


Are casino chip purchases considered a cash advance or a purchase on credit cards?

You cannot purchase chips at a casino with a credit or debit card. You have to use an ATM to get the money and then purchase the chips.


Can you get a loan with debit card?

A loan off of debit card like credit card cash advance? Yes


What are the mode of payments?

Cash, check, credit card, debit card, gift card.


What is the difference between a debit card and a credit card?

A debit card takes money directly from your account. A credit card takes the money from the credit card company, and the credit card company will bill you in monthly installments until you pay them back (plus interest). A debit card is like paying in cash, without actually having the cash on you. A credit card is similar to taking a small loan.


What do you mean by credit card and debit card?

credit means where we purchase any product are any items without cash and pay cash with in time of the month debit card means the cash of in our account where we want withdraw any where any time and buy any thing cash no credit


Can I use credit at gas pump without credit card?

No. You have to use a credit or debit card or pay cash inside.


What are the different modes of payment?

Cash, check, credit card, debit card, gift card.


When is it a good time to use a credit card debit card and cash?

when ur horney


What is the essential difference in accepting credit cards in transacting business compared with accepting debit card?

When you purchase with credit cards, the transaction is on credit while when you purchase with debit card, the transaction is considered cash sale because the amount is directly deducted from your bank account.


Is cash considered debit?

Cash is neither considered Debit or Credit. There are three basic categories of accounts, accounts will fall under (generally) either Assets, Liabilities, or Owners Equity (aka Stockholders Equity).The term Debit and Credit, literally translated mean, Debit = Left side:Credit = Right side, in double entry accounting.Assets will increase with a debit and decrease with a credit.Liabilities and Owners Equity will increase with a credit and decrease with a debit.If you "receive" cash, you debit the cash account. If you "pay out" cash, you credit the cash account.


Can the credit card be used as a debit card at ATM?

No, a credit card cannot be used as a debit card at an ATM for cash withdrawals in the traditional sense. While some credit cards allow cash advances at ATMs, this process is different from using a debit card, as it typically incurs interest and fees. Additionally, you need to have a PIN set up for the credit card to access this feature. Using a debit card linked to a bank account is the standard method for ATM transactions.