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debit/credit... im so lost. help!?*

i got my first debit card with the us bank and... let see they allow me to to credit purchases.... but why would they do that if its a debit card. soo whuts the difference and why can i make credit transactions?

Answers:

1) It is a debit/check card with a Visa or MC logo on it so you can use it like a credit card. Just comes directly out of your checking. Most places won't take ATM or checks so the banks have made it easier.

2) if you choose debit, you punch in your pin number. if you choose credit, you sign your name. but essentially they both operate the same. the money comes out of your checking.

3) goodlc

4) debit= is when they take the money out of your account right when u swipe your card Debit = takes a few days for them to take that money out

5) it's not a credit transaction, it just clears differently. A debit comes right out of your account and a credit transaction passes through teh card issuer (visa, mc, amex) first. Still the same outcome for you. Some places aren't equipped to take debit so you use it as credit there. One other difference is you can usually get cash back for debit, depending on the merchant. You can't with credit.

6) debit means you can only spend as much as the actual amount you have in the bank.. credit means you can use the card and pay it in rates over a certain period of time..that means you can go above your means which is why so many people are in debt now-a-days

7) A debit card can be used same as a credit card as long as they are funds there. That is the purpose of the Visa logo on it.

8) Either way, the money is deducted straight from your bank account. It is only a difference in the way the store processes the transaction. As far as you are concerned, on that card, both types of purchase are the same.

9) you can buy things that you dont physically have the money for if you use credit but then you need to make payments to pay off the debt. with debit, you need to have the money in the bank to make the purchase or else you get crazy over withdraw penalties. so if you have enough money in the bank use debit. but if you dont have enough money use credit.

10) it's kinda dumb, i know. debit basically means it's the money you literally have in the bank, while when you charge it on credit, your using your credit. Which isn't bad, but can sometimes be not the best choice. Always make sure to let the cashier know to charge debit when using your card.

11) unless the application you filled out was also for the Visa/Mastercard application, you don't have both credit and debit, both will still come out of your checking account. keeping track of your purchases in regards to your balance would let you know what's going on, if nothing else , call your bank and ask. credit just doesn't require the pen, but requires your signature, debit is pin number.

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