How to understand credit- and debit cards? (more info inside)

How to understand credit- and debit cards? (more info inside)
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1 Answer

Answer :

Credit card – spending money you don’t have. Debit card – Like writing a check.. but digitally.
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Related questions

Why are credit cards more convenient than debit?

Description : Why are credit cards more convenient than debit?

Last Answer : They allow people to buy things without paying immediately.

Have chip-card debit credit cards been a failure in the US?

Description : Have chip-card debit credit cards been a failure in the US?

Last Answer : I have had fewer problems with chip cards than I did with cards that only had a mag strip that got scratched and unreadable. And he problems seem to be the reader, not the cards. My cards also don’t get bent or sat upon. I have a metal wallet that I carry in my front pocket.

Do you think it would be helpful to have our pictures on our credit or debit cards?

Description : Do you think it would be helpful to have our pictures on our credit or debit cards?

Last Answer : No, I do not think it is likely this would be helpful to me. Yes, there are banks that do it. The main reason it's considered helpful is to try to prevent use of your card by others. ... think it will confound many people in the case that someone does take your card, unless they're extremely dense.

Do you bother to sign your debit/credit cards anymore, if you ever did.

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Last Answer : No, I just scribble on the line. No one has ever questioned my about my signature.

A purveyor of baked goods is approached by a man with a very low I.Q. who wants to buy some of the baker's creations; however, the man with the low I.Q. has no credit or debit cards, no checks, and in fact, doesn't even have one red cent in his pocket to buy anything, so he is flatly denied any of the seller's goods. Who is this dolt who is trying to get something for nothing? -Riddles

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Last Answer : Simple Simon met a pieman going to the fair. Says Simple Simon to the pieman, 'Let me taste your ware.' Says the pieman to Simple Simon, 'Show me first your penny.' Says Simple Simon to the pieman, 'Indeed, I have not any.

Advantages of Using Credit Cards Over Debit Cards?

Description : Advantages of Using Credit Cards Over Debit Cards?

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Why do USA citizens prefer credit cards over debit cards?

Description : Why do USA citizens prefer credit cards over debit cards?

Last Answer : Answers is the place to go to get the answers you need and to ask the questions you want

A) PayUmoney Explanation: It can allow even the smallest of merchants to start accepting card based payments. It can accept all credit/debit cards. The POS terminal is easy to set up, can be operated using a pre- or post-paid SIM, and does away with the use of paper receipts—making it cost & battery effective, and, of course, very environment friendly. With a simple and hassle-free documentation policy, a merchant can start using a PayUmoney POS terminal within 48 hours of signing up for the service.

Description : A) PayUmoney Explanation: It can allow even the smallest of merchants to start accepting card based payments. It can accept all credit/debit cards. The POS terminal is easy to set up, can be ... , a merchant can start using a PayUmoney POS terminal within 48 hours of signing up for the service.

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Which of the following types of cards is free from credit risk? A. Credit card B. Debit Card C. Prepaid Cards D. Charge Cards E. Both (C) and (D)

Description : Which of the following types of cards is free from credit risk? A. Credit card B. Debit Card C. Prepaid Cards D. Charge Cards E. Both (C) and (D)

Last Answer : B. Debit Card Explanation: A debit card a safe, convenient, risk-free alternative to cash and has no credit risks attached.

E-marketers working in emerging economics should know and understand _____. a) How many credit cards are in circulation b) Consumer attitude towards credit card purchase c) All of the above d) None of the above

Description : E-marketers working in emerging economics should know and understand _____. a) How many credit cards are in circulation b) Consumer attitude towards credit card purchase c) All of the above d) None of the above

Last Answer : c) All of the above

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Description : Personal Pictures On Debit Cards?

Last Answer : The picture is supposed to be for security reasons. Do you understand why having a picture of two people on the card could be a problem?

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Description : Anyone using prepaid debit cards?

Last Answer : What new regs and fees?

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Description : Is it true Americans do not use bank debit cards in retail and for online banking?

Last Answer : Ummm, I’m in the United States and only use a debit card. It has the Visa logo so it works anywhere that takes Visa but it pulls the money straight from my account.

What are prepaid loaded debit cards?

Description : What are prepaid loaded debit cards?

Last Answer : Prepaid/ loaded debit cards function like normal debit cards, as they are used in substitution for cash. The largest difference is that they have a preloaded dollar value that can not be exceeded.

What are the disadvantages of reloadable debit cards?

Description : What are the disadvantages of reloadable debit cards?

Last Answer : Some disadvantages of reloadable debit cards are that it relaly doensnt help your credit and it is sometimes a hassle to go to the store everytime you have to reload it

Does Wells Fargo offer debit cards for teens?

Description : Does Wells Fargo offer debit cards for teens?

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Can you restrict debit cards for teens?

Description : Can you restrict debit cards for teens?

Last Answer : I know that Wells Fargo has a teen account. The teen is only allowed to spend so much per day out of their account and they can only take so much out of the ATM. The parents can decide the limits of the ATM/Debit cards.

With which card company has Axis bank launched its contactless debit cards? A) MasterCard B) RuPay C) EuroPay D) Visa E) None of these

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Last Answer : D) Visa Explanation: Axis Bank, on Wednesday announced the launch of its Contactless Secure+ Debit Card for regular savings account customers, to provide access to a larger customer base with contactless ... (POS) terminals and also use the card as a normal debit card at any POS terminal.

Which of the following services can be offered by Payment Banks? A. Debit Cards B. Online Banking C. Mobile Banking D. All of the Above E. None of the Above

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Last Answer : D. All of the Above Explanation: Payments banks can issue services like ATM cards, debit cards online banking and mobile banking.

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Why are the ATM machines still busy, if people can pay with credit card, and debit card just about any store nowadays?

Description : Why are the ATM machines still busy, if people can pay with credit card, and debit card just about any store nowadays?

Last Answer : It doesn’t cost me anything to use the ATM at my bank. And sometimes I just want to pay with cash. If I’m out with friends, I pay my share with cash. At strange gas stations away from home I prefer to pay with cash. Buying a quick donut or sandwich, cash.

Who is responsible for credit card debit when someone dies?

Description : Who is responsible for credit card debit when someone dies?

Last Answer : The estate pays all debts before any inheritance is handed over.

What's better when traveling, use your credit card to get cash or use your bank debit card?

Description : What's better when traveling, use your credit card to get cash or use your bank debit card?

Last Answer : I would guess that withdrawing cash from an ATM is cheaper using a debit card than a credit card as the credit card company nomally charge you a fee on top of the higher rate of interest.

Why do banks care if you use debit or credit when paying with your bank card?

Description : Why do banks care if you use debit or credit when paying with your bank card?

Last Answer : The law protects you if you use a credit card for purchases. You are not liable in case of fraud, etc. The bank must pay or go after the company, and you have limited liability. With a debit ... like gasoline or groceries. Instead, use your debit card to pay bills you are sure you owe, etc.

My protagonist in a second childhood novel will use his credit & debit card from his previous life. What happens later?

Description : My protagonist in a second childhood novel will use his credit & debit card from his previous life. What happens later?

Last Answer : OK, I can’t be bothered to write your novel for you unless I get a decent ghost’s pay, but here is a must. The whole thing begins to unravel when investigators of thse bogus charges made to the dead man’s credit cards track the purchases down to young Tanaka and charge him with murder.

What percentage of college students have a credit and/or debit card?

Description : What percentage of college students have a credit and/or debit card?

Last Answer : I have a check card. I can deposit money into the account and withdraw cash like a debit card, but I can also use it in stores or online like a credit card without having to type in my pin.

Does having only a debit card do absolutely nothing for establishing credit?

Description : Does having only a debit card do absolutely nothing for establishing credit?

Last Answer : It sounds like you need to get a credit card. Just pay most of the balance off every month (I think keeping a small balance is better than paying the entire balance off every month, but I'm not 100% ... . If you have a cell phone bill, rent, utilities, etc., that's another way to establish credit.

Do you sign the back of your credit/debit card?

Description : Do you sign the back of your credit/debit card?

Last Answer : No, mine say “See ID”. They usually don’t ask me at all either, so when someone does I make sure I say something like “Thanks for asking for ID” so they know and will maybe do it for other customers, too.

What's the difference between a debit and a credit card ?

Description : What's the difference between a debit and a credit card ?

Last Answer : If you use debit card you spend money from your bank account and if you use credit card you will get it as your loan so you will have to repay the loan later. The advantage of a credit card is that ... anyone, you can borrow from that. As a result, you have to pay interest on the loan to the bank.

SHOULD I REDUCE 401K DEDUCTION TO PAY CREDIT CARD DEBIT?

Description : SHOULD I REDUCE 401K DEDUCTION TO PAY CREDIT CARD DEBIT?

Last Answer : If your tax savings and 401K investment return combined are higher than your credit card debt interest, then no.

Is it true is only credit card that can be linked to paypal account? And it's not possible with debit card?

Description : Is it true is only credit card that can be linked to paypal account? And it's not possible with debit card?

Last Answer : One thing that I am sure about PayPal is the fact that they are one of the best international money transaction company that we have out there. This is to say that as a mode of operation, they ... at before deciding that it is not cool to allow users to link their debit cards to their accounts.

(i) An error that affects debit as well as credit side, it is called as _______ errors.

Description : (i) An error that affects debit as well as credit side, it is called as _______ errors.

Last Answer : Complete the following sentences : (i) An error that affects debit as well as credit side, ... of omission, the debit and credit are ___________

(i) Excess of a total of debit side over a total of credit side of Cash Book, Bank column.

Description : (i) Excess of a total of debit side over a total of credit side of Cash Book, Bank column.

Last Answer : Give one word/term/phrase which can substitute each of the following statements: (i) Excess of a ... balance of the bank column of the Cash Book.

When the total of debit side of an account exceeds credit side, it is called __________ balance. 

Description : When the total of debit side of an account exceeds credit side, it is called __________ balance. 

Last Answer : When the total of debit side of an account exceeds credit side, it is called __________ balance. (a) Debit (b) Credit (c) Nil (d) Real

Excess of debit total of an account over it’s credit total indicates _____________ balance. 

Description : Excess of debit total of an account over it’s credit total indicates _____________ balance. 

Last Answer : Excess of debit total of an account over it’s credit total indicates _____________ balance. (a) Negative (b) Positive (c) Debit (d) Credit