Difference between credit card and debit card

Debit cards and credit cards are accepted at the similar places. The main difference is the way the card works and where the source of money comes from. Debit cards can be used both like credit card and debit card. Credit cards can only be used as a credit card. Debit cards do not transfer a line of credit. The purchases made with a debit card should not exceed the amount of money a person has in their bank account. This is the major difference between a credit and debit card. Both cards look and act in the same manner but when it comes to consumer protection there are some slight differences. One more major difference between credit and debit cards is the risk or danger involved. Because they are associated to a bank account, loosing a debit card is very risky. A person does not need a pin number to use a debit card and therefore can easily empty the money in a person's bank account, causing severe problems to the bearer. If someone steals your credit card, you are only responsible for the first 50 dollars of theft after you report about the lost card before any transactions are made with it. Both cards are essential; you need have knowledge on how and when to use them. Each card has a significant use.