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The most serious negative of having a debit card is that if there is an incorrect charge, the bank has your money and they will keep it until and unless you figure out how to make them give it back. If you have a credit card, you keep your money, and they have to figure out a way to make you pay. I can't think of any positives, unless you mean from the perspective of the bank, in which case see the above. Banks spend tons of money trying to convince you to use a debit card. There's a reason for that.

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18y ago

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How does having a debit card declined affect my credit score?

Having a debit card declined does not directly affect your credit score because debit card transactions do not impact your credit history. Your credit score is based on your credit card usage, loan payments, and other credit-related activities, not on debit card transactions.


How can you find your debit card number without physically having the card?

You can find your debit card number by logging into your online banking account or contacting your bank's customer service.


What are the pros and cons of debit cards?

The Pros of having a Debit card is you don't have to write a check and also won't let you go in debt. The Cons of having a Debit card is it makes it too easy to spend money at least until your account is empty.


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.


What is the difference between a debit card and a credit card?

A debit card takes money directly from your account. A credit card takes the money from the credit card company, and the credit card company will bill you in monthly installments until you pay them back (plus interest). A debit card is like paying in cash, without actually having the cash on you. A credit card is similar to taking a small loan.

Related Questions

How does having a debit card declined affect my credit score?

Having a debit card declined does not directly affect your credit score because debit card transactions do not impact your credit history. Your credit score is based on your credit card usage, loan payments, and other credit-related activities, not on debit card transactions.


How do you buy passes on howrse with PayPal without having to link a debit card?

If you buy passes, you have to put in your debit card to pay for it. You cannot buy passes without a debit card.


How can you find your debit card number without physically having the card?

You can find your debit card number by logging into your online banking account or contacting your bank's customer service.


How much does having a debit card cost and having two debit cards cost?

depends on which bank you use, some are free and some cost.


What are the pros and cons of debit cards?

The Pros of having a Debit card is you don't have to write a check and also won't let you go in debt. The Cons of having a Debit card is it makes it too easy to spend money at least until your account is empty.


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.


debit card?

Debit Card vs Credit Card


How can you buy passes on howrse with PayPal without having to link a debit card?

On paypal, you need to have money onto the account. It is taking it out of your account which is linked to a debit card. I don't think you can. However, you can earn diamonds in free offers. 10 diamonds = a pass. There are also things like Zeevex and Paysafecard where you can buy the card and use it without having to own a credit/debit card.


Debit?

Debit card


Where is the roll number on a debit card?

where is the roll no on a debit card


What is the difference between a debit card and a credit card?

A debit card takes money directly from your account. A credit card takes the money from the credit card company, and the credit card company will bill you in monthly installments until you pay them back (plus interest). A debit card is like paying in cash, without actually having the cash on you. A credit card is similar to taking a small loan.


What is a common function of the debit card?

A common function of the debit card is as an ATM card.