What are advantages of Debit card and Credit card?

Debit cards 

Debit cards are the cards which are directly linked to an individual's bank account. If there are funds in one's bank account, a debit card will help one to get the money as and when required.

Advantages of debit cards:

1. No extra cost is involved with debit cards. 2. It assists one to keep track of his spending patterns and helps to no spend beyond one's limits. 3. There is no extra cost charged on making payments.

Credit cards: Credit cards are aplastic card issued by a bank and financial institution, allowing the cardholders to purchase goods or services on credit.

Advantages of credit cards:

1. It assists an individual in building a credit card score. A credit score is a three-digit number which helps one to secure loans. 2. Credit cards also provide rewards like free or discounted price in travel, movies and shows.

Features	Credit Cards	Debit Cards
Linked with bank	The issuing Bank	The individual’s bank account.
Credit limit/ spending limit	Credit limit assigned on a monthly basis. Based on credit score	Cash withdrawal and POS limit assigned on a daily basis. Some debit cards do not have that limit.
Interest charged	Charged if in case an individual has not cleared his bill on time	No interest charged

Read more: Debit Card vs Credit Card: Features & Benefits