An ATM card is also a credit card. True or false?
Understand the Problem
The question is asking whether an ATM card can also be classified as a credit card, requiring a distinction between the two types of cards.
Answer
False
The final answer is False
Answer for screen readers
The final answer is False
More Information
An ATM card is primarily used for transactions at ATMs, while a credit card is used to access a line of credit from the issuing bank.
Tips
A common mistake is to confuse ATM cards with debit cards, which can sometimes be used as credit cards in stores if they carry a Visa or MasterCard logo.
Sources
- What are the differences between debit cards and credit cards? - investopedia.com
- ATM Card, Debit Card, Credit Card: What's the Difference? - americasaves.org
- Know the Difference Between ATM Card and Debit Card - HDFC Bank - hdfcbank.com
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