when i use my debit card , They ask me "debit or credit?" . What's the difference ? When I use my debit card , I am asked : debit

When I use my debit card , I am asked : debit or credit ? ,

When I choose debit , I enter a pin # , and when I choose

credit , I sign a receipt .. What's the difference ? Keep within

mind , it is a debit card purchase or transaction always .

Thank you for your answers . Debit cards are predetermined to the money in you statement.
Credit cards have a limmit base on how much the credit card company is willing to loan you.


Other Answers:
when you press debit you hold to enter your pin and it comes out of your account sooner than choosing the credit resort


Answers:
With some bank, when you select "Credit", you will earn cash final (a small deposit into your account base on a percentage of the purchase price). This is because the merchant pays a fee to adopt credit transactions. When you select "Debit", this is a Point Of Sale transaction and is immediately deduct from your account. You will not earn a cash-back bonus for using debit transactions. It all depends on the hill. Some banks will propose you cash pay for (1-5%) when you use credit and sign a receipt, but will charge if you use debit and enter your pin. Other bank will charge you to use the credit side and pay you for using the debit side. Check next to your bank.

Either passageway, the funds will come directly from your account.



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