The merchant pays a small fee, and TwinStar receives a small amount of interchange income from the transaction. This helps offset costs and allows for the credit union to offer lower rates. Your debit card is attached to your checking account. A credit card is a line of credit, meaning that TwinStar is actually lending you the money for the purchase and billing you for it later.
If an unauthorized charge is made, it will refund all of your money back. Another reason for selecting credit over debit is to rack up rewards points.
You can redeem these for merchandise, gift cards, etc. You do not receive any rewards points when you enter your PIN. This is a unique perk that Arsenal provides for its members. See all of the cool things you can earn here. If running your debit as credit seems confusing, well… it is a bit at first. The Visa logo at the bottom of an Arsenal debit card means that retailers that accept Visa also accept your card.
When you make a transaction on your debit card and run it as credit, it processes through the Visa network. Flip your card over to see a couple of additional logos at the bottom. When you choose this option, your transaction may process faster, but you miss out on all of the benefits listed above.
Planning for Retirement. Retired: What Now? Personal Finance. Credit Cards. About Us. Who Is the Motley Fool? Fool Podcasts. New Ventures. Search Search:. Updated: Oct 4, at PM. A clear winner in prepaid debit cards. BBVA Compass credit cards designed to flexibly adapt to various consumer situations.
What are you looking for? Press Enter Predictive Search. Close panel Close panel Close panel. Shareholders and investors. BBVA in the World. BBVA Earnings. Financial calendar.
0コメント