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Old 12-23-2009, 06:57 PM
supermoney supermoney is offline
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Default Difference Between Smart Card and Credit Card
I'm quite confused about these terminologies. Are these cards one and the same or are they different? If they are different, in what sense?

I read from somewhere that smart cards are used mostly in Europe.
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Old 12-30-2009, 05:51 AM
princessp princessp is offline
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A debit card is a credit card that is connected to a specific account where money can be deposited. A smart card has intrinsic value, and can be used as cash where accepted. When value is added to the smart card, the record is on the card itself.
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Old 01-26-2010, 07:38 AM
abuzar345 abuzar345 is offline
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Originally Posted by princessp View Post
A debit card is a credit card that is connected to a specific account where money can be deposited. A smart card has intrinsic value, and can be used as cash where accepted. When value is added to the smart card, the record is on the card itself.
Absolutely right. My brother got smart and i have credit card.
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Old 02-18-2010, 01:30 AM
Manny Manny is offline
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A smart card, chip card, or integrated circuit card (ICC), is any pocket-sized card with embedded integrated circuits which can process data. This implies that it can receive input which is processed — by way of the ICC applications — and delivered as an output. There are two broad categories of ICCs. Memory cards contain only non-volatile memory storage components, and perhaps some specific security logic. Microprocessor cards contain volatile memory and microprocessor components. The card is made of plastic, generally PVC, but sometimes ABS. The card may embed a hologram to avoid counterfeiting. Using smart cards is also a form of strong security authentication for single sign-on within large companies and organizations.

A debit card (also known as a bank card or check card) is a plastic card that provides an alternative payment method to cash when making purchases. Functionally, it can be called an electronic cheque, as the funds are withdrawn directly from either the bank account, or from the remaining balance on the card. In some cases, the cards are designed exclusively for use on the Internet, and so there is no physical card.[1][2]

The use of debit cards has become widespread in many countries and has overtaken the cheque, and in some instances cash transactions by volume. Like credit cards, debit cards are used widely for telephone and Internet purchases, and unlike credit cards the funds are transferred from the bearer's bank account instead of having the bearer to pay back on a later date.

Debit cards can also allow for instant withdrawal of cash, acting as the ATM card for withdrawing cash and as a cheque guarantee card. Merchants can also offer "cashback"/"cashout" facilities to customers, where a customer can withdraw cash along with their purchase.

This answer came direct from the wiki
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Old 01-07-2011, 09:43 AM
logoonlinepros logoonlinepros is offline
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Smart cards are more expensive than credit cards to produce, but your personal information is safer. Smart cards hold more than just your financial information and reduce the need for you to carry multiple cards. Your information is protected internally on the chip inside the smart card. Credit cards are easy to hack and only have your financial information on them. The information is inaccessible on credit cards when the magnetic stripe is demagnetized or damaged, which happens frequently because of the exposed position of the stripe. .
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Old 01-08-2011, 05:50 AM
undobiofilutt undobiofilutt is offline
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Default spy watch video camera
Hey,Great post i found it very interesting and at the same time very informative i will definitely bookmark this site for future reference...
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Old 01-23-2011, 09:22 PM
Matthewie Matthewie is offline
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A smartcard is also a card you use in your tv receiver haha!
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Old 01-25-2011, 11:21 AM
financialculture financialculture is offline
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A Smart Card is a piece of technology; the card contains an electronic chip. Smart cards can be used in any situation where a card with information is needed. American Express had a credit card based on a smart card at one time. Smart cards are also used as keys in satellite receivers and high security access systems.

A Credit Card is a card linked to a credit account, credit card is used for the transactions, in my opinion credit card is more beneficial because we can get the extra points as per our usage and it will be very useful every time.
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Old 02-19-2011, 07:15 AM
aaronangelle aaronangelle is offline
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these are two different things credit card related to a account while....
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Old 02-21-2011, 06:27 AM
guptaarun guptaarun is offline
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OK, your reply is acceptable.
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