That is the difference between EC-card and credit card
- Settlement of transactions: In the case of payment by debit card, the amounts will be debited immediately from the balance of your account. The use of a credit card, you can use an interest-free payment period of up to six weeks. In addition, the possibility of the claimed sum in monthly installments to pay off is mostly. For this purpose, high rates of interest fall, however.
- Limits of liability for card-holders: you Lose your credit card or it is stolen, you will be liable with a maximum of 50 euros. However, there is no uniform regulation for debit cards. Here, the banks set their own limits. Basically, you should lost cards immediately to lock in.
- Limits of liability for merchants: credit card companies guarantee the merchants that you will get the amount credited. The account of the customer is not covered or the card has been misused, does not assume the credit card Bank pay for the damages of the traders. In the case of debit cards, this is exactly the opposite.
- Pay: retailers often accept only payments by debit card. This is usually because the dealer will have to pay when Paying by credit card a high Commission to the Bank. In the Internet, the EC is used card hardly. Here, wrap the website operators, the majority of payments by credit card from. In the case of foreign websites, this method of payment besides PayPal is often the only possibility offered. Do you often travel abroad, is a credit card is practically mandatory. Without a credit card, a hotel reservation, a flight reservation or the rental of a vehicle is hardly possible. Worldwide the 16 million acceptance locations for credit cards are available outside of Germany available. The debit card is accepted, however, only 2.7 million jobs.
Difference-debit card and credit card (source:Pixabay)
Costs for the use of the cards
A debit card is always a part of your current account, and the use is free of charge. For credit card charges depending on the Bank of the year - and use.
- Annual fee: The annual fee of a credit card is a year, between 20 and 50 euros. Some credit cards are offered free of charge. Often fees for other services, such as withdrawing money. Read the terms and conditions of your Bank exactly.
- Use of the debit card abroad, Depending on whether you are inserting the card in or outside the Eurozone, the difference between the fees. In the Eurozone, the purchasing with the debit card costs you nothing. Abroad, 1 percentage is calculated from the turnover as a fee. You can get cash at the ATM of your Bank free of charge. Some banks charge fees if you exceed a certain number of cash withdrawals in the month. Abroad a minimum of 3.50 Euro to fall, but also up to 10 euros are not uncommon.
- Use the credit card in foreign countries: In the Euro-zone, the use is free of charge. Outside of this Zone, a so-called foreign exchange fee will be charged up to 2 percent of sales. Some credit card companies provide worldwide free cash withdrawals. Often foreign use fees but when you add. Check here beforehand with your Bank, so you will experience no bad Surprise.
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