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Course Content
Digital Financial Tools & Application (Chapter-8) M1-R5.1/CCC
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Card (Credit/Debit):-

               It is a piece of plastic card that contains personal data in a machine-readable form and is used to obtain cash. Credit cards and debit cards typically look almost identical, with 16 digit card numbers, expiration dates, and personal identification number (PIN) codes.

Credit Card:-

          A Credit card allows you to use money from a bank to make purchase. The card issuer pays for the purchase, and the cardholder pays the issuer at a later date. It is a convenient way of buying things, especially if you do not have cash handy.

Debit Card:-

          A debit card is a plastic card or checking card or bank card that can be used instead of cash while making purchases. Debit cards are like digitized versions of cheque books; they are linked to your bank account.

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