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.