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Can you use a debit card as a credit card?
- Thread starter Allota
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As long as you have the amount in your debit card, you can. Debit card is basically real time deduction from your account, similar to NETS.
Can use for debit, but debt card got no 25 days credit hor. The amount is deducted straightaway from yr bank account. Credit card you dont pay until the statement comes and then you can still wait until last day. Total can up to 25 days.
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Yes, apply for a VISA Debit card.. such as the DBS Visa Debit card.
http://www.dbs.com.sg/personal/cards/debit-card/visa/default.page
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If you are withdrawing cash from an overseas ATM, it is better to use a debit card.
If you have DBS Visa Debit card and withdraw cash from Hong Kong DBS ATM, there is no fees. You can confirm this with your DBS bank.
If you use credit card, it will be considered a cash advance - high fees high interest loan payment.
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A debit card is a card that withdraws money from your bank account the moment the sales transaction occurs.
A credit card is a card that does not withdraw money from any of your bank accounts but let's you proceed with the sales transaction with the understanding that you will pay when the payment is due at a future date.
Therefore, it is not possible to use a debit card as a credit card - it simply cannot happen as a debit card is not a credit card and a debit card requires a bank deposit account where the funds for the transaction would be taken from, while a credit card does not require a bank deposit account.
You may not be able to use locally issued debit cards overseas or online. if your question is would it be possible to use my debit card overseas like a credit card, then the answer to this question is yes, you can use your debit card overseas if you use a Visa Debit Card or MasterCard Debit Card such as the DBS Visa Debit card, UOB Visa Debit card, etc. The advantage of the Visa Debit Card/MasterCard Debit Card over an ordinary debit card is you can take advantage of the VISA/MasterCard network so you can use your debit card to make purchases overseas or online.
1. The transaction process for both the VISA/MCI debit and credit cards are identical. A merchant must accept both and they cannot be bothered as along as they get an approval code. In fact the debit card is accepted more than credit card as a result of some rules in certain countries where local rules apply. One example is you cannot buy lottery or punt using a credit card in these countries.
2. As a general rule its always better to use your credit card rather than debit card in the event of a dispute or over fraud. The funds in a debit card are your own money or savings and if someone empties it with the use of a stolen, lost or counterfeit card, you will have to wait for the matter to be resolved especially if the sums are large.
3. A VISA/Mastercard whether debit or credit card always a better means of payment rather than Nets or Cash. The former has chargeback or resolution process and your bank will follow the route. Nets and Cash, you can kiss your money good buy if the dispute arises. Say you book a 10 day trip to China with a travel agency or an airline ticket. In the event that you paid it with VISA/ Mastercard, you will 100% get your money back if the travel firm or airline folds. No hope in hell of recovery if its Nets, Cash, or cheque. I have seen people paying for large transactions with Nets and am surprised.
4. Those who travel often will know this. Where there is no ATM fees charged for overseas withdrawal that will be recovered by the bank via higher conversion rate. It is a marketing ploy and aimed for Lau Bu and Lau Beng going on group travel for the first time.
2. As a general rule its always better to use your credit card rather than debit card in the event of a dispute or over fraud. The funds in a debit card are your own money or savings and if someone empties it with the use of a stolen, lost or counterfeit card, you will have to wait for the matter to be resolved especially if the sums are large.
3. A VISA/Mastercard whether debit or credit card always a better means of payment rather than Nets or Cash. The former has chargeback or resolution process and your bank will follow the route. Nets and Cash, you can kiss your money good buy if the dispute arises. Say you book a 10 day trip to China with a travel agency or an airline ticket. In the event that you paid it with VISA/ Mastercard, you will 100% get your money back if the travel firm or airline folds. No hope in hell of recovery if its Nets, Cash, or cheque. I have seen people paying for large transactions with Nets and am surprised.
4. Those who travel often will know this. Where there is no ATM fees charged for overseas withdrawal that will be recovered by the bank via higher conversion rate. It is a marketing ploy and aimed for Lau Bu and Lau Beng going on group travel for the first time.
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Aussie business travellers do not bother with carrying cash all over the place. Cash from certain banks ATMs often work out more convenient & cheaper than AmEx or TravelEx.
I will be more wary of DCC from overseas merchants.
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Agree on DCC. Avoid it like the plague. The rules require the merchant to ask the customer before using DCC.
Business travellers use their corporate cards for cash withdrawal or if they use personal cards they can always get reimbursement. In fact companies prefer they not withdraw cash on their corporate cards. No skin of their personal back. Only use ATM and card withdrawal at foreign bank counters in emergencies. You are better off using the card to make transactions as you travel rather than using cash withdrawals on the card.
Before leaving, convert a small sum to be used as tips or for roadside transaction where card is not accepted.
The point is that no fees does not mean it is cheaper. Go use your DBS bank to make an ATM withdrawal and then another Bank's card at the same ATM on the same day. Work out what you think. Sometimes it is cheaper and sometimes it is more expensive.
Business travellers use their corporate cards for cash withdrawal or if they use personal cards they can always get reimbursement. In fact companies prefer they not withdraw cash on their corporate cards. No skin of their personal back. Only use ATM and card withdrawal at foreign bank counters in emergencies. You are better off using the card to make transactions as you travel rather than using cash withdrawals on the card.
Before leaving, convert a small sum to be used as tips or for roadside transaction where card is not accepted.
The point is that no fees does not mean it is cheaper. Go use your DBS bank to make an ATM withdrawal and then another Bank's card at the same ATM on the same day. Work out what you think. Sometimes it is cheaper and sometimes it is more expensive.
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