Today in the digital world, debit card has become a necessity. Along with debit cards, the prevalence of credit cards has also increased rapidly. You must have heard many times people saying that I have a gold, platinum card. But do you know what these cards mean? Today we will tell you what is the difference between these cards.
Debit and credit cards
Let us tell you that when looking at a credit card and a debit card, Both look similar. Both these cards have a 16 digit card number. Apart from this, both have expiry date, magnetic strips and EMV chips. These cards can be used both offline and online. However, debit card gives you the freedom to use the money present in your bank account. At the same time, a credit card gives you a kind of loan by the card issuer with a pre-determined amount limit. Whereas in a debit card, an annual fee has to be paid, but in a credit card, there are many types of loans. Fees apply. These include card acquisition fee, annual fee, late payment charges and penalty. Whereas no interest is charged on debit card. But in credit cards, interest is charged if payment is not made till the payment date.
Types of cards
You must have noticed that debit and credit cards But Gold, Platinum and Titanium etc. are written there. You can select these while taking the card. For example, Visa is the largest payment network in the world. Visa has a variety of cards in partnership with banks. Although Visa is an American company, but many banks in India issue its debit cards.
Classic card?
Classic card is a very basic card. Is. All types of customer services are available on this card all over the world. You can get your card replaced at any time.
Gold Card
If you have a Visa Gold card, you will get travel assistance, Visa’s global Get the benefit of customer assistance services. This card is accepted worldwide. The Gold Card remains connected to the global network.
Platinum Card
In the Platinum Card, the customer gets facilities ranging from cash disbursement to global ATM network. Are. By using this card, you can also avail hundreds of deals, discount offers and other facilities.
Titanium Card
Compared to Platinum Card You get higher credit limit in Titanium Card. This card is usually given to people with good credit history and good income.
Also read: What is egg cell in jails, where it is difficult to stay more than 14 days?