Bank is a financial instituion which has role as intermediary between people who want to save their money with those who want to borrow money. Borrower will get money from people who deposit their money, or can also be from something else, like capital market. That is the basic principle of bank. In fact, now they have so many financial services but with the same basic concept. They identify several types of borrowers and customers and identify different needs of each type. It’s one of strategies they use to attract more customers.
For example, debit card and credit card are issued from a bank for customers who want to go shopping without the hassle of bringing so much cash in their bags. The difference is, if you buy something using debit card, the bank will decrease your money in your saving account directly at the moment of scratching the card. While with credit card, you don’t have to worry the amount of money you have in your saving account at the moment, because the bank will charge you at the end of the month.
So, if you finish shopping groceries and go to the cashier, you better know which card-if you have both- you will use to pay; debit or credit ? Consider the urgency, your money in your saving accounts, and other things. Again, the final question is which should choose at the store checkout line ?
