Definition
Bank card used in cash transactions, but which is not a credit card. In a debit card transaction, the amount of a purchase is withdrawn from the available balance in the cardholder's account. If the available funds are insufficient, the transaction is not completed. Also called asset card (in the US), or payment card (in the UK).
Business Tips
Switch from Credit to Debit Cards to Achieve a Better Credit Score
Credit card debt is no friend to your credit score. One of the best ways to avoid credit card debt is to pay the debt right away, through the use of a debit card. Debit is different from of credit. Wi ... Read more
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