Although it may seem that all cards and accounts are the same, you have to know that there are several types. Mainly there are 3:
You can spend more money than you have in your account because the bank or entity gives you a kind of loan and then charges you with interest (although almost all cards give you about a month to pay before interest is charged).
Your purchases are charged at the end of the month so if you want to know your balance before, you’ll have to do your own calculations.
You can only spend the money you have in your bank account and it is charged to you on the spot.
Therefore, the financial institution does not lend you money or charge you interest. However, it is possible that if your balance goes below zero, you will be charged.
it is the same as debit with the only difference that this is not associated with any banking entity. What does it mean? Applying for a prepaid account like bnc10 is much faster and easier, as no credit checks or other financial checks are carried out.
The only disadvantage is that you can’t use it in certain establishments, such as online gambling, toll stations, petrol stations, etc.