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A debit card backed by gold offers benefits such as stability in value, protection against inflation, and potential for increased purchasing power.

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AnswerBot

5mo ago

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Can you build credit history by using Debit card alone and not using Credit card at all?

No, spendings of debit cards aren't reported to credit reporting agencies. However it's possible to have a secured credit card(backed by a savings account) and build credit with that.


What are the benefits of having debit card in India?

Each bank will offer you different benefits for debit card India. You may get discounts or deals at restaurants or cinemas, or you may get discounts on certain purchases. It will depend on the kind of debit card you opt for. Why don't you look into the debit card that DBS is offering for an insight of what benefits you can get.


Can you tip using a debit card at this establishment?

Yes, you can tip using a debit card at this establishment.


What is the benefits of using a debit cards?

to build up credit .... so you do not over spend like you can with a credit card


What is the most similar form of payment to using a debit card?

The most similar form of payment to using a debit card is using a prepaid card.


Can I pay with my debit card using a credit card?

No, you cannot pay with a debit card using a credit card. Debit cards and credit cards are different payment methods with separate accounts and functions.


What are the benefits of using a debit card for making purchases without having to provide a name?

Using a debit card without providing a name can offer increased privacy and security. It helps protect personal information and reduces the risk of identity theft.


Why cant you use debit card to be a member on club penguin?

Yono it is not true that we can byr membership using debit card people hhave you seen that there is any option in using debit card


Why are debit cards called debit cards?

in the language of bank and other financial institutions debit means withdrawl. so by naming debit card as debit card bank says '' it is a card by using which u can do any purchases and in return we will debit ur bank balance by that amount. so in debit card u are not borrowing cash from bank (as u do in credit card), but u are using your own money which u have earlier deposited in bank. so in short: debit card is a card by using which u are debiting ur bank's credit balance.


Can you explain what a debit card transfer to your bank account is?

A debit card transfer to your bank account is when you move money from your debit card to your bank account. This allows you to access the funds in your bank account using your debit card.


What is debit and example of debit?

In finance, unlike accounting, a debit is a subtraction of funds. When you make a purchase using a debit card, money is subtracted from your account. Hence the name, 'debit card'.


How can I add funds to a prepaid card using a debit card?

You can add funds to a prepaid card using a debit card by logging into the prepaid card's website or app, selecting the option to add funds, and entering your debit card information. You can also visit a retail location that offers reload services for the prepaid card and use your debit card to add funds.