ATM Card Vs Credit Card:
ATM Card and Credit Cards are provided to the its customers from the bank in order to manage their account. When you make an account you are provided with an ATM card so that you can withdraw money from your account when needed. In order to withdraw money using ATM card it is necessary that you have amount of money present in your bank account whereas on the other hand with Credit card you borrow money from the bank through your account which you have to repay later. With Credit card the bank provide you certain amount of limit to which you can borrow.
ATM Card is a plastic card like a debit and credit card. There is no logo of Visa or MasterCard on ATM card which means you can only use it to withdraw money. You cannot use it in any hotel or in mall. With ATM card you can easily manage your bank amount. There must be an amount in your account so that you can use your ATM services.
Credit Card is just like an ATM card provided to the customer from bank side. With the Credit card one can borrow amount of money from the bank which he has to repay later. There is a specific limit of credit card provided to the customers from the bank according to his income to which he can borrow money from the bank.
Main differences between ATM Card and Credit Card:
The following are some of the major differences between ATM Card and Credit Card.
- With ATM Card one can easily manage his bank account and withdraw money from an ATM machine when needed but with the credit card one can borrow money from the bank.