#Debit card

[thezestycard]

Hiya it's your famous debit card

He him pronouns dude!

Ask feel free girlie

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The speakery when I'm talking to purse

@zee-thezebra I edited the intro

[nea-dot-im]

... Ok, I just saw an Instagram reel of someone looking confused at a credit card bill and why they "needed to pay twice", while their mom was recording, laughing while shaking her head in disbelief, and still not properly explaining what a credit card, or the bill is. So if you're someone young who's been sheltered from the world of money, here's some info on how it works:

There are 2 types of payment cards, debit and credit.

What is a Debit Card?

With debit cards, they pull money from your account directly, and you don't get a bill to pay later, it's paid on the fly. In Sweden (and most of Europe I believe), the norm is for overdraft to not be possible in most circumstances, but in the US, I think overdraft is easy to happen, with heavy fees as a result.

What is Overdraft?

Overdraft is when you don't have enough money in your account, but still buy something so your account balance goes negative. This can happen either because the banks are greedy, just let's you do it, so they can charge you out of the ass for accidentally doing it (the US model), or because the terminal had temporary connectivity issues and had to do an offline payment batching the transaction for later (the times I've had it happen in Sweden). If you're in the US and you have a card that says "debit" on it, I'd suggest looking up how to disable overdraft on it at your bank.

If your bank account is negative, you should fix that asap, as the overdraft fees will accumulate and snowball!

What is a Credit Card?

Credit cards are cards where you basically take out a small loan every time you buy an item, and then pay the credit card company at the end of the month. Some cards claim "unlimited", which is not "how much money is in your account", but "how much money you're allowed to borrow". You still have to pay that money when the bill comes.

Which is better?

I would mostly advise people to use debit cards, in places with a somewhat sane standard of consumer protection laws (I don't even have a credit card, I only have debit cards). It's easy to understand what money you have, how much you have left, and plan around that.

But then... The US makes things messy

In the US, you have some caveats which throw off what should be something quite simple: Credit scores and weird consumer protection laws.

Credit cards have in some cases taken over the role of consumer protection in the states, meaning you have a lot more protection against scams and similar with a credit card than a debit card. You can dispute a payment on your credit card and get out of actually paying for the thing you never got, for instance, but disputing a payment on your debit card and getting money back isn't as easy.

Credit cards are also how you accumulate credit score, which is what dictates your ability to take out (big) loans, like when you buy a house with a mortgage or car etc. And I do believe also when entering certain contracts like lease for an apartment. Meaning having a credit score is quite important, and using a credit card is basically a necessity

[princesslinnea]

Findom girlfriend: I take your card and spend my money.

You get charge notifications and hot pics of me with my purchases.

Your 🍆 is aroused and hard, you're happy. 🤑🤤

I get what I want - I'm glad. 😏🥰

[bitchesgetriches]

Hello Bitches,

I’m wondering if you have any posts you can link me to on choosing a new bank? I’m past due to change after moving a few states away from the local bank my family uses, but I’m nervous about selecting a new one. I’m in North Carolina, and considering two state banks. One is recommended to me by some close friends, but another has a great introductory offer. What should I look for and what should scare me away?

Absolutely, my lamb! We've got plenty of answers about your options and how to choose at our how-to guide, below.

How the Hell Does One Open a Bank Account? Asking for a Friend.

And good luck! This process is easier than you think.

Did we just help you out? Tip us!

[winterthebeau]

hi everyone, so i just got a scam text that mentioned the first four digits of my debit card, and they were correct. but i looked it up, and apparently the bank that you use is identified by the first 6-9 digits of your card number, so if scammers know what bank you use they can pretty easily figure out the first four digits of your debit card. i just figured id share since i didnt know this and i cant be the only one.

[docsfallfromgrace]

im so confused did anyone else’s parents just never teach them how credit or debit cards work

like im so confused someone please explain this to me im trying to be more independent so i can work towards moving out slowly ☠️

[izibella]

i got the all metal cashapp card for $50 today in the mail. gotta say i love it lol even tho its just a goofy novelty flex

[auxpay]

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[oponinnovations]

Struggling to get paid? 🤔 AuxPay makes it easy! 💼 Customize your payment solutions, create invoices with ease, and get paid your way. 💰 Real-time analytics for smarter decisions. Get started with AuxPay today. 💻

auxpay #paymentsolutions #getpaid #financialfreedom #easypayments #payments #paymentprocessing #fintech #Finance #technology #AI #auxpaynow #CashApp #ApplePay #googlepay #checks #creditcards #creditcard #debitcards #creditreport #Pos #pointofsale

[ventxekart]

Got to love Terry Crews!

[diih01]

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💚 FRETE E TROCA GRÁTIS PRA TODO O BRASIL 🇧🇷

Clique nesse link e garanta a sua maquininha

✅ZERO taxa de antecipação

✅Chip de internet gratuito e ilimitado

✅Máquina rápida

✅Reposição de bobinas gratuita

✅Garantia para sempre

✅Sem mensalidade ou aluguel

✅Suporte 24 horas e muito mais.

💚 FRETE E TROCA GRÁTIS PRA TODO O BRASIL 🇧🇷

⬇️ Clique nesse link abaixo e garanta a sua maquininha ⬇️

[feedbaylenny]

Charged with using lost debit card 4 times for alcohol, found ‘picking through trash on the side of the road’

PORT ORANGE, Fla. – The call to police started as a theft investigation, but was actually the case of a stolen debit card used four times without the owner’s permission. The victim said “he lost his debit card” at a liquor store in Florida back on Aug. 29, but didn’t realize the card was missing until Sept. 4, “after multiple fraudulent charges were made.” That’s when he got the police…

[todayworldnews2k21]

Debit Card-Based Transactions Drop 8% In September As UPI Payments Surge: RBI Data

Mumbai: As UPI-based digital payments surge, debit card-based transactions dropped almost 8 per cent from nearly Rs 43,350 crore in August to about Rs 39,920 crore in September, according to the Reserve Bank of India’s monthly data.  On the other hand, credit card transactions grew in the country, which saw a nearly 5 per cent increase in the month of September at Rs 1.76 lakh crore, from Rs 1.68…

[goodjohnjr]

Getting Awakened By My Bank's Fraud Detection Department

File:Shopping online with bank card.jpg I was dreaming about something normal. Then I got awakened in real life by a phone call on my mobile phone. I saw that I had a text message from the fraud detection department of my bank. Now I know why my online order would not go through last night. It also did not work early this morning before I went to sleep. During that time, I was trying to buy…

[exorbitant-interest]

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