Questions tagged [debit-card]

This tag is to be used for any question related to debit cards. If the question is specific on legality, it should be accompanied by a country tag. In case the debit card is being issued in one country and used in another, the question should indicate this clearly and/or use multiple country tags.

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76 votes
6 answers
17k views

Pay online: credit card or debit card?

I have a credit card and a debit card. I could use both to pay online. Credit card is only a bit less convenient since I have to transfer the money back in the credit card account later. Is it safer ...
  • 1,135
21 votes
2 answers
76k views

Why do credit card transactions take up to 3 days to appear, yet debit transactions are instant?

I noticed that when I use my credit card it takes up to 3 business days (even 5 days including weekends if I use it on a Thursday, I have to wait until Monday or Tuesday) for the transaction to appear ...
  • 1,797
44 votes
14 answers
11k views

Would I ever need credit card if my debit card is issued by MasterCard/Visa?

My debit card is issued by Visa, but MasterCard AFAIK doesn't differ in that case. I can use it to pay in shops, online, to reserve place in hotel etc. I manage to constantly have enough money on ...
  • 543
20 votes
5 answers
38k views

What to do with expired cards (credit, debit, insurance cards, ...)

I wonder if it is safe to throw away expired cards (credit cards, debit cards, health insurance cards) with name and card/account/ID number as trash. Even if other people have them, will they be able ...
  • 5,773
5 votes
3 answers
16k views

Can merchants tell the difference between a credit card and embossed debit card?

I don't have a credit card, still some merchants (e.g. car rental companies) require a credit card to use their services. If I have an embossed debit card issued, may I be confident to use it when ...
95 votes
6 answers
24k views

Why do credit cards have their number and CVC code printed on them for all to see?

Ever since online commerce became a reality, it was sufficient to know the credit card number, expiration date and CVC code to purchase anything online. Things are slowly changing as MFA is getting ...
  • 5,533
26 votes
5 answers
20k views

What does it mean to run my debit card as credit?

I've been advised to (and have been) running my normal debit card transactions as "credit" transactions. What does this mean in terms of my security, the time a charge takes to settle, and the fees ...
  • 7,806
6 votes
5 answers
2k views

How do I protect my credit/debit cards from being stolen or scanned?

Until a few years ago my credit card number had only been stolen once, about 15 years ago. But in the last two years it has been stolen four times. The first recent time was a few years ago in Hawaii, ...
  • 161
6 votes
2 answers
1k views

How do scammers / money launderers profit from loans to victims?

Recently, I had an investor [scammer] offer to loan my company money. It was to be posted directly into my accounts — equal amounts in my checking and savings accounts. There were no conditions that ...
2 votes
3 answers
13k views

Can you withdraw or transfer money from a prepaid debit card?

My new employer is to give me my relocation money in form of a prepaid debit card that will be valid for one year. Can I withdraw all the money from the card at ATMs? Can I transfer the money from the ...
41 votes
4 answers
8k views

Why do VISA "Electron" and Master Card "Maestro" cards have special limitations in when they technically work?

Translated by me to English from Swedish, from VikingLine.se: We welcome payments onboard with the following cards: American Express, Diners Club, Eurocard, Finnish bank cards, Master Card, VISA. ...
  • 411
7 votes
3 answers
41k views

U.S. credit/debit card for non-U.S. citizens to use on e-commerce sites to buy digital goods, e.g. ebooks?

I am neither a U.S. citizen nor resident there — I live in southeast Asia. I want to be able to buy Kindle ebooks on Amazon.com, and to shop on other U.S.-based e-commerce websites for digital ...
  • 829
4 votes
2 answers
6k views

What is the average value of a credit card or debit card transaction?

There are a plethora of statistics regarding credit card usage but what I can't seem to find is the the value of the average credit card (or debit card) transaction. Are such statistics provided by ...
  • 835
10 votes
6 answers
5k views

Is a debit card dangerous for an account with low balance and no overdraft protection?

I have a checking account that I keep very little money in. I use a debit card as a credit card at shops, and at the ATM. I have turned off overdraft protection on the checking account. I've heard ...
  • 4,058
9 votes
2 answers
480 views

What can a customer do to reduce damage from a data breach?

A larger retailer admitted recently that hackers were able to steal credit and debit card data for about 40 million customers. Reports say that names, payment card numbers, expiration dates and ...
5 votes
1 answer
6k views

Can I pay for my wife's hospital bill from my HSA?

My wife is on a different insurance plan than me. Different provider and all. I have a HSA that my employer and I contribute to every paycheck. Can I pay for my wife's hospital bill with my HSA ...
  • 241
0 votes
1 answer
151 views

Can you charge a customer $20 by debit and give them a $20 bill instead of having a debit machine that can do cashback? [closed]

If a customer wants cash to use our services but only has their debit card on them are you allowed to charge them $20 And give them a $20 bill back? Why do we specifically have to have a cash back ...
16 votes
5 answers
223k views

Why is there a delay on credit card transactions showing up on my online statement?

If I make a purchase with my credit card there is a delay of a few days before it shows up on my online statement. If I make a purchase with my debit card it usually is displayed that day. Why the ...
  • 315
13 votes
5 answers
6k views

Is there a fee if you used your debit card as credit card?

Is there a fee if you used your debit card as credit card? I see people recommending to always run debit card transactions as credit. There is a similar question here as well: What does it mean to ...
11 votes
2 answers
541 views

Detected fraudulent charges to my account but I cannot close the card until another payment goes through

Today I detected two charges to my card, both on the same day. I called my bank (chase) but the only solution offered was to block and close the card. However, I am currently doing some processes ...
  • 111
9 votes
6 answers
2k views

Emptying Low Balance Gift Cards

I often get gift cards (sort of like a debit card) and I usually end up using them to make online purchases. However, I often end up with a couple dollars change. Is there a way to deposit the ...
  • 193
5 votes
1 answer
4k views

What are the pros and cons of using the cash back option at the grocery store register?

I am new to the US. Whenever I make a payment at a grocery store like sunucks, or walmart, etc. on payment terminal, they offer me cash back. I usually decline. I just wanted to know what are the ...
5 votes
6 answers
11k views

Why do car rental companies prefer/require credit over debit cards?

Renting a car frequently requires a credit card. At best, renting a car is more of a hassle with a debit card. Sure, I'm using their stuff, but putting a £1000 hold on my Visa Debit should work just ...
  • 2,694
4 votes
3 answers
502 views

Do card bonuses lead to increased discretionary spending compared to more basic cards?

Some credit cards offer bonuses on spending in particular categories, such as cashback bonuses or "free" upgrades. These credit cards tend to come with an annual fee. A consumer may ...
  • 2,694
3 votes
1 answer
4k views

why will charges disappear from my debit card then reappear

I have made a few large purchases (ex: computer, flight tickets) in the past with my debit card, and for the most part the charges go onto my card and that's the end of it; other times I will see the ...
3 votes
1 answer
1k views

Can a company take money from a Debit Card at a Later Date?

I have booked an online service from a web site which only asked me for the Debit / Credit Card Info (Visa Electron) to reserve the service (Only save my Card details are saved, no deductions are made ...
1 vote
1 answer
524 views

Make Visa, hybrid debit/credit card default to credit mode?

I have a Visa, "hybrid" debit/credit card. Is there a way to make it act as a credit card by default so I don't have to hit "cancel" or "ok" when checking out, just to get it to use credit mode?
  • 280
1 vote
2 answers
543 views

What would be better, a debit card or a credit card for ATM withdrawls in Canada?

Few months down the line, I may get an opportunity to go to Canada for a conference as well as doing bit of sight-seeing as well. While I do have debit cards from few banks, I was told credit cards ...
  • 189