What are the differences between prepaid credit cards and gift cards?

A credit card allows you to have purchase something in exchange for a financial liability to the bank. This means that the card doesn't hold any amount or value, but it allows you to purchase something in advance. A debit card is also availed from a bank. This is usually tied up to a bank account, meaning that any transaction made through the debit card does not put you in debt, but it automatically deducts them from your account.

A gift card is a prepaid card that does not put you in financial obligation to a bank, nor does it deduct value from your bank account. You don't run the risk of getting into debt or over-withdrawing your money in the bank. The financial value is kept within the card and automatically reduces every time it's used for purchase of any goods or services. This means that you have total control of your card's value. You will only spend the amount loaded in it.