You must have heard the name of ATM card, debit card and credit card somewhere. It is possible that you use all these three cards or it is also possible that you use one or two of these cards and it is also possible that you use any of these three cards. You do not use the card, but you must have heard the name of these cards and must have thought that what is the work of these cards? But you would not have got the answer, so today The Hindustan Today is going to give you complete information about what is the meaning of these three cards and what is the function of which card.

First of all let’s talk about how many types of cards are there-

1). ATM card

2). Debit Card

3). Credit cards

are three types of cards, but let us tell you that in today’s time, the first card, ie ATM card, is used very limited, but in today’s time, the use of this card has almost stopped and you need to use it. Debit cards are available to see more in the place, well this is a different matter and we will talk about it some other time, now we tell you what is the difference between these three cards and which card is used for which purpose. Is.

ATM card usage-

ATM card Debit card and Credit card

This card is used to withdraw money from the ATM machine and to put money into the machine.

In this card, the bank gives an opportunity to the ATM card holder to set a PIN, through which the customer can withdraw and deposit money by entering that PIN from the ATM machine of that bank. This card is directly linked to your bank account, so that when you withdraw or deposit money from your account, the money in your account keeps decreasing and increasing respectively.

If you do a transaction with an ATM card in another bank’s ATM machine, then you have to pay a charge for withdrawing money from the ATM.

Debit card usage-

ATM card Debit card and Credit card

 

Debit card not only gives you the service that ATM card gives, along with this, debit card also gives many facilities to the customers like taking salmon from a shop, doing online transactions, paying in restaurants, etc. This is what it means to say. This card is not only used to withdraw or deposit money from ATMs, but you can also do online transactions and purchase salmon with the help of this card.

The bank also gives this card holder a chance to create a PIN, with the help of which the transaction can be made successful. Like ATM cards, debit cards allow you to access money from your savings account

Credit card usage-

ATM card Debit card and Credit card

 

A credit card looks similar to an ATM card and a debit card, but its function is slightly different.

Credit cards provide the facility to withdraw money from ATMs, it is mostly used as a loan option. Banks give this card to their customers after applying and checking their credit if the customer’s transactions with the bank are good and If there is no problem related to the account, then the banks give this card to their customers.

You can borrow through this card, yes, through this card, you can do all the things that you can do with a debit card, that is, withdrawing money from ATMs, shopping online as well as paying in restaurants, but this card There is a limit because the bank provides this card to its customer by setting the credit limit of each credit card and after that limit is over, the customer cannot do any kind of transaction.

Credit card bill payment has to be done within the stipulated time limit. Failure to do so attracts penalty and interest.

Many brands also offer attractive discounts on the service on credit card transactions.