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In the US you would typically get one of these debit cards automatically with your checking account, and it works as you describe. If you want a credit card you
by tombrossman 12y ago
In the US you would typically get one of these debit cards automatically with your checking account, and it works as you describe. If you want a credit card you would have to submit a separate credit application at the same (or different if you like) bank and that would be a completely different card with its own account and terms. I think this is the same in most countries.
- alkonaut 12y agoOk. Guess the difference is not technical but cultural, here the debit cards are used more frequently, and many never get a credit card. I do think we have bonuses on many cards, but I have never found them appealing enough to switch to a pay-later system. I prefer knowing the balance all the time. I use mine only for work expenses and "future" expenses such as flights, where an airline going bankrupt would be problematic if I had already paid the ticket up front. Maybe we also have less fraud since chip+pin is used everywhere?
- andybak 12y agoSame in the UK. Debit cards (with Chip+Pin) are pretty much the default