What is a debit card used for?
A debit card is similar to a credit card, as they typically will contain a Visa, Mastercard or American Express logo. There are two typical types of non-credit cards: gifts cards (which do not have your name on the card) or debit cards (with your name).
Debit cards are issued by a bank and generally have conditions for use and monthly maintenance fees.
Debit cards can be used in many of the same ways a credit card can: in-person purchases, online purchases, ATM withdrawal (check your card).
The difference between a credit and debit card is that debit cards traditionally do not affect your credit rating, whereas credit cards do.
The visa debit card is used for any purchase you would normally make with your credit card. The difference is that the visa debit can be used just like a debit card and a credit card. It has the versatility of both. You can make purchases with this card wherever visa is excepted, there are no restrictions.
Debit cards can be used many places. A debit card is basically an electronic form of a check. When one deposits money into his/her checking account, this increases the amount in that account. In order to purchases goods and/or services, the debit card may be used. This will decrease the amount in that checking account. Most places that accept credit cards as a form of payment, will accept debit cards as well. If not, the…
A debit card is a card from your bank, linked to your bank account. It can be used to pay for things and the money is drawn directly from your account. A Visa debit card is one with a Visa logo that can be accepted and run as a Visa credit card, but the money still comes directly from your account. It is a Debit Card on the VISA network.
Theoretically no, although it's rare for a bank to issue a debit card to someone under 16 (in the UK). A debit card doesn't require a credit check, nor does the holder need to be employed in order to get one. A debit card can only be used if there are already funds in the associated bank account. Think of a debit card as 'electronic cash'.
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. Above answer is financially Technically Debit cards are an application of smart card. Debit cards are either smart card or magnetic strip card. A smart card is…