Comprehensive comparison to help you choose the right payment method
| Aspect | Credit Card | Debit Card |
|---|---|---|
| Source of Funds | Borrowed money from bank | Your own money |
| Interest Charges | Yes, if balance not paid | No interest charges |
| Rewards/Cashback | Yes, 1-5% cashback | Limited or none |
| Credit Score | Improves with timely payments | No impact on credit score |
| EMI Facility | Available for large purchases | Typically not available |
| Grace Period | 20-50 days interest-free | No grace period |
| Fraud Liability | Limited liability (₹0-500) | Higher liability |
| Traveling | Better for international travel | Limited acceptance abroad |
Get 1-5% cashback on every purchase, which adds up significantly over time
Regular credit card usage improves your CIBIL score, helping you get better loans in future
Enjoy 20-50 days interest-free period for bill payment
Convert large purchases into 0% EMI for up to 24 months
Limited liability (₹0-500) if card is misused or stolen
Better international acceptance, travel insurance, lounge access
No risk of overspending or going into debt
Zero interest charges unlike credit cards
Direct access to your bank account and ATM withdrawals
No income requirements, easier to get
All transactions directly visible in your bank account
Money is deducted immediately, no bill management needed
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