What does it mean to have a debit, credit card

Question

what does it mean to run an amount as credit

Answer 1

Basically it means lots of freedom with lots of responisibility.

Don't run as credit when using your debit card, you may be charged a little more.

Answer 2

Debit card = You can get a debit card out of Savings account (bank). Every time you use your debit card, it debits your purchase from your savings account.

Credit card = This is the opposite of debit card. Here you borrow every purchase from your credit card company and you need to pay it on the next billing period or else they will charge you interest for it.

Answer 3

you need to be more specific.

your question is totally diffrent then your explenation

Answer 4

with a debit card  the money comes directly from your bank account so however much money you have in there is how much u hve on the card when you charge it as credit or debit the money is taken from your account. if you want more money on the card you have to put more in the bank

Answer 5

The credit card when used, has to be paid off in monthly installments, or pay in full when the statement comes in. The debit card when used will deduct money straight from your checking account. It's just like writing a check or paying cash for something.In fact, it is your cash you are using. Sometimes the machines will not accept the debit card, but will allow it to be run through as a credit card, but it will still be deducted from your checking account. Hope I explained it well enough for you.

Answer 6

You can use a debt card from your bank at a store and it will directly take your money out. Even if you don't have a credit card activated on your debt card. You can still use your debt card like a credit card but it takes a couple of days till it takes the money out of your banking account.

Answer 7

a debit card is checking account it comes from there. credit card comes from credit card and that is all.  

Answer 8

get over yourself and ask your father

Answer 9

If you run it as credit it still takes it out of your bank account. It does not mean that you are being charged interest or have to pay monthly payments. On some cards, if you don't have ny money in your account you can use it as credit and because it processes slower, however, if you don't put money in there before it processes, you will be charged an overdraft fee.

Answer 10

debit would be taking money from your checking account while credit... you'll have to pay back the money you used on credit

Answer 11

A debit card means you have to have the money in the bank befor you can buy anything. A credit card means buy now pay later

Answer 12

it is a credit card that has a set balance on it like $50, so its like a gift card for any store.  

Answer 13

This is how it works with my debit card.  If I decide to run it as credit I dont have to put my pin number in.  Sometimes I have to sign a paper, sometimes I dont.  A lot of banks will give you money back for every purchase you run as credit.  I would check to see if yours does because I get back about 7.00 a month just because.  Not much, but it can add up over time if you never add it to your check book.  Kinda like free money.

I hope I understood what you were trying to ask.

Answer 14

you have a limit on your credit card, for example mine is 10,000$ once i put that much on it without paying any of it off, then i can no longer buy anything using it.

debit is money straight out of your checking account. once you run out you cant use it anymore

Answer 15

Debit and Credit are all the same on your Visa check card. The Visa logo allows you to make purchases that regular debit cards don't allow but all the money on your card is your own money, not a loan. This card does not help your credit but can hurt it.  

Answer 16

if you run something as debit, you're usually charged fifty cents for the transaction and are able to get money back (this means you can get $10-$50 in cash which would be taken out of your checking account, so if you made a purchase of $10, and wanted $20 in cash, you would be billed $30)

if you run the card as credit, you do no get charged and do no have the option of getting cash back

Answer 17

A bank card with direct access to a card holder's account, usually a checking or savings account. The card acts like a check with the money withdrawn from the existing account balance.

Answer 18

If you have a debit card, the amount is automatically taken from your checking account at a bank. Sometimes you can run your debit card as credit, but it still is automatically taken out, and the only thing that is different is you sign a signature on the receipt instead of putting your PIN number in on the keypad. A credit card is something you apply for and are approved to have a certain amount of credit. For example, you could apply, and with sufficient credit, get a credit card with a limit of 500 dollars. So, you could take that card, which is NOT connected to checking or savings account, and spend up to 500 dollars worth of stuff. Then you will receive a bill in the mail, or online, from your bank or the credit card company. You will have a minimum payment you will have to pay, including extra interest they charge you for using the card, until the amount is paid off. If you spend all the 500, you cannot use it until you lower your balance again. It's difficult to pay off a credit card if you have a high interest rate, because most of your monthly payment is going towards interest instead of paying down the balance. For example, your bill might be 25 dollars, but 18 dollars is interest, so your balance on your card would still be 493 dollars on your credit card. You will always sign a signature on a receipt for a credit card.

Answer 19

debit card means when you use it,the transaction(meaning the money you payed at a store) goes straight from your bank account straight to the place where you purchased something.Credit card is when you use the money to amount at the end of the month you got to pay it off or else you would build up interest to pay more than the original amount.