Credit and debit cards may look alike, with both featuring a 16-digit number and an expiration date, and they're accepted for both online and offline transactions. Additionally, both allow cash withdrawals from ATMs, though credit cards may incur higher fees for such transactions. The fundamental difference between these two types of cards lies in the source of funds and the associated costs. Credit cards let you borrow money from the bank up to a certain limit and come with various fees, while debit cards draw directly from your bank account, generally without extra charges unless used abroad or at another bank's ATM. Credit cards offer more in terms of rewards and fraud protection, enticing users with cashback, points, and better security against unauthorized transactions. Debit cards, easier to obtain, offer minimal rewards and require immediate action in case of fraudulent activities to recover lost funds.
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Understanding the Key Differences and Similarities Between Credit and Debit Cards

Credit and debit cards may look alike, with both featuring a 16-digit number and an expiration date, and they're accepted for both online and offline transactions. Additionally, both allow cash withdrawals from ATMs, though credit cards may incur higher fees for such transactions.

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