Yahoo Finance
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You probably think of debit cards and credit cards as two totally separate things: One pulls money from your checking account and the other lets you borrow against a line of credit.
What most people don't realize, however, is that you can choose to use yourdebit cardas "credit" at checkout.
That doesn't mean you borrow money to make the purchase, but it does change some aspects of the transaction.
Here's what you need to know about running a debit transaction as credit.
If your debit card has a Visa or Mastercard logo on it, you can use it as credit.
To do this, you simply choose "credit" on the PIN pad or in the payment options at checkout.
Alternatively, if you hand your debit card to a cashier or server, you can tell them you want to pay with credit instead of debit.
Then, instead of providing yourPINto authorize and complete the transaction, you'll probably be asked for your signature — usually if the transaction is over $25.
If you select "credit" for your debit card transaction, a few unique things happen.
The payment is still processed as a debit from your linked checking account, but the transaction will be different from a regular debit purchase in these ways: Processing speed: The payment can take up to three days longer to process since it goes through the Visa or Mastercard network instead of coming directly from your account.
Authorization: You authorize the transaction with your signature (usually for transactions over $25) and not your PIN.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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