Static GK is one of the important section in both Government Sector and Bank related Exams. In the static GK, Banking is one of the important topic. The article Credit card – Debit card – Smart card presents the key points of Credit card – Debit card – Smart card and different payment methods . The article Credit card – Debit card – Smart card can help the students and aspirants to perform well in the exams like IBPS PO, SO, Clerk, SBI, RRB, etc.
There are many different payment methods out there: cash, debit cards, credit cards, ATM cards, and much more.
Credit card – Debit card – Smart card – Types :
Types of payment cards can be distinguished on the basis of the features of each type of card, including:
That means that in addition to using it at ATMs, you may also be able to use it to make purchases (by entering your Personal Identification Number) if the merchant is using one of the same electronic ATM networks that’s listed on the back of your card.
ATM Card Vs Debit Card:
ATM Cards: We can use ATM Cards at ATMs only.
Debit Cards: We can use anywhere, but require deposit.