So that no one other than you can access the card if it gets lost
if your debit card has the visa and star logos on the back (checkcard) you can run it as a credit card and your signature and ID will be required instead of a PIN number
The difference between a credit card and a debit card is a debit card is for money that you place in your own bank account that can be withdrawn with a personal pin number. A credit card company lends the person money and charges interest.
Only if it is a "check card." Debit cards require a PIN number, but many banks have switched to check cards that can be used as either a debit or credit card. To find out for sure, next time you use your card, hit the "credit button." If it's a check card it will ask you to sign instead of entering your PIN. The check/debit card must have a Visa, Mastercard or a Discover symbol to work as a Credit purchase but still comes out of your checking account. Discover is just starting up there debit card network.
No. A debit card is connected to actual funds from a checking or savings account. When used as a debit card, at a merchant, a PIN is required for the purchase to be approved. However, it can also be used as credit in which a PIN is not required. PIN = Personal Identification Number. A credit card is connected to a line of credit (borrowed money). In which the card holder is required to pay a minimum payment each month, or they may pay the full balance to avoid interest charges.
Yes. You can use your debit card as a credit card. When you run it as a credit you will almost always have to sign for your purchase, but when you run it as a debit you use your PIN number. With the debit the amount is deducted immediately from your bank balance, ran as a credit it doesn't show up until the next business day or two later. It doesn't have anything to do with 'your credit'. Just another way merchants can run your card. Usually how to run it as credit is on the pad where you swiped your card instead of entering your pin you hit cancel and that will run your card as credit. It still isn't necessarily a credit card as you cant accrue debt on a debit card.
Yes, when you swipe your card just select credit as form of payment and not debit
if your debit card has the visa and star logos on the back (checkcard) you can run it as a credit card and your signature and ID will be required instead of a PIN number
The difference between a credit card and a debit card is a debit card is for money that you place in your own bank account that can be withdrawn with a personal pin number. A credit card company lends the person money and charges interest.
The difference between a credit card and a debit card is a debit card is for money that you place in your own bank account that can be withdrawn with a personal pin number. A credit card company lends the person money and charges interest.
No - its still a credit transaction. The PIN is simply used to verify you are the registered owner of the card.
Only if it is a "check card." Debit cards require a PIN number, but many banks have switched to check cards that can be used as either a debit or credit card. To find out for sure, next time you use your card, hit the "credit button." If it's a check card it will ask you to sign instead of entering your PIN. The check/debit card must have a Visa, Mastercard or a Discover symbol to work as a Credit purchase but still comes out of your checking account. Discover is just starting up there debit card network.
yes
yes chip and pin
No. A debit card is connected to actual funds from a checking or savings account. When used as a debit card, at a merchant, a PIN is required for the purchase to be approved. However, it can also be used as credit in which a PIN is not required. PIN = Personal Identification Number. A credit card is connected to a line of credit (borrowed money). In which the card holder is required to pay a minimum payment each month, or they may pay the full balance to avoid interest charges.
Yes. You can use your debit card as a credit card. When you run it as a credit you will almost always have to sign for your purchase, but when you run it as a debit you use your PIN number. With the debit the amount is deducted immediately from your bank balance, ran as a credit it doesn't show up until the next business day or two later. It doesn't have anything to do with 'your credit'. Just another way merchants can run your card. Usually how to run it as credit is on the pad where you swiped your card instead of entering your pin you hit cancel and that will run your card as credit. It still isn't necessarily a credit card as you cant accrue debt on a debit card.
It is a debit card made more specifically for ATM use. In which a PIN is always required and you can not use it as credit. So merchants that only allow credit transaction can not accept ATM cards.
Credit and Debit Cards