What happens when credit is used for a debit card?
Question by CGYN3: What happens when credit is used for a debit card?
Meaning, if I’m at a store and I’m using my debit card, and the cashier says “Debit or Credit?”
And I say/push credit even though I’m using my debit card what will happen?
Best answer:
Answer by HumptyMomma
Other than the obvious…you will sign the receipt instead of entering your pin number…
Specifying ‘credit’ is always more secure. I’m not 100% on the reason why that is, but I know that it is most often the truth.
Also…many banks offer extra ‘rewards’ when you swipe it as credit versus debit. You are encouraged to do so.
…yet, it is habit for me to always say ‘debit’. Unless I’m usin my husbands card…which I always forget the pin number to…so I say ‘credit’ and sign.
Add your own answer in the comments!
It will still come out of your debit account.
i will act like a debit card you will be charged no extra i always press credit since my debit card is through wells fargo banks but has a visa logo on it i have not wrote a check for a purchase in a store for years
The funds will still come directly from your bank account. There is no actual extension of credit. The terms are confusing but are two different types of processing transactions. Select debit and your PIN authorizes the transaction. Select credit and a signature is authorization. Credit transactions go thru the merchant’s credit card processor and might take longer to post to your bank account.
There are also differences in how much the merchant is charged for the transaction.