answersLogoWhite

0


Best Answer

Because credit cards rely on the vendor to perform identification of the user. Debit cards, on the other hand, can be used in ATM's, so a PIN is required.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why debit card have password why not credit card?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is Mastercard a debit card?

no, it is a credit card. a mastercard can be either a debit or a credit card


Is a refund to a credit card a debit or credit?

Debit


Does debit card build credit?

A debit card is a card that takes money straight out of the bank, however, a credit card lets you borrow money, but you must pay interest. So, a debit card does not build credit.


Can a chase debit card also be used as a credit card?

Yes, but the funds are still withdrawn from the account that the debit card it linked to ... in other words using the debit card as a credit card is still a point of sale transaction. You cannot be extended "credit" on a debit card.


Is credit card and debit card considered as a cash?

No, credit cards are loans and debit cards are checks.


Which of these is one way that credit cands differ from debit cands?

Credit cards allow you to borrow money from the card issuer. A debit card requires you deposit money with the card issuer, and the money is then deducted at the time of the transaction from the amount deposited.


Can you use green dot cards at Redbox?

yes. just tell the redbox its a credit card, then just swipe your debit card.An Opposing Answer:A credit card is not the same as a debit card, and vice versa. If you process a debit card as a credit card when that debit card is not encoded as an alternative credit card, the transaction will fail.


Is a secured credit card a real credit card or a debit card?

A "credit" card is a credit card.A prepaid credit card (secured) is not tied to a bank account and therefore while, like a debit card, you can only spend to the amount it has been loaded with (it will not provide credit), it is not a true debit card which IS linked into a bank account.


What is better Debit card or Credit Card?

I prefer debit card but if you like the bank giving you money then paying it back then it credit card for you . If you have debit card is like your whole bank in your wallet :)


How can you identify credit card from dedit card?

Credit cards say "credit" And debit cards say "debit". Hope this helps!


If a Mastercard card starts with 5434 is it a debit or a credit card?

credit card.


Is meastro a credit card?

No, it is a debit card