BizSugar.com › Finance › Credit Card vs. Debit Card: Why you should choose one over the other

It is essential to know which card draws the money from where to make the payment. A debit card is a card which draws money from an existing savings account in a bank and makes the payment immediately. You need to have the money in your account to make the payment, or it will be declined, or you will have the chances of over drafting. A credit card, instead, is like taking a loan in buying something.