InvestorQ : How good are the credit-cum-debit cards?
leah Diaz made post

How good are the credit-cum-debit cards?

Pratik vyas answered.
3 years ago

Credit-cum-debit cards are plastic cards that provide combined services of credit as well as debit cards. The credit-cum-debit cards are convenient and useful options for those individuals who do not want to carry multiple cards in their wallets.

These cards look similar to the regular credit cards or debit cards issued by banks, but they have two chips vis-à-vis the regular cards that have one chip only. The two chips are visible on the front of the card and one chip functions as a debit card (this chip is linked to your savings bank account) while the other chip functions like a credit card.

This card offers convenience and flexibility to card users who can easily carry one card for their various financial needs.