Encuesta

¿Sabe usted cuál es la diferencia entre un banco y una cooperativa de ahorro y crédito?

Si
No

hogar
Spanish

Crédito vs. Débito: ¿Cuál es la Diferencia?

Credit vs. Debit: What's the Difference?

 

by Anna Haug

 

A credit card used wisely can help you build a positive credit rating. Know the differences between credit and debit cards, as well as how much you're liable for if you lose them.

 

Credit card features

•         Buy now, pay later.

•         Widely accepted substitute for cash and checkbook.

•         Interest-free loan if balance is paid during grace period.

•         Positive, timely repayment history is evidence of creditworthiness,
and strengthens your credit rating.

•         Ability to stop payment if merchandise is unsatisfactory or lost.

•         Liability if card is lost or stolen:
--Zero, if you call and cancel card before the thief uses it.
--Maximum of $50 per card, if you call and cancel card after the thief uses it.

Debit card features

•         Buy now, pay now.

•         Money is deducted from your account immediately, unlike most checks.

•         No interest charges.

•         Allows cash withdrawals from an ATM.

•         Only late payments, not timely ones, show up on your credit report.

•         Overdraft protection may be available for a fee.

•         Liability if card is lost or stolen:
--Zero, for most signature-based MasterCard and Visa transactions-as
   long as you haven't been careless and lost your card several times already.
--Maximum of $50 per card, if you report loss/theft within two business days.
--Maximum of $500 if you report loss/theft after two business days.
--Unlimited liability, if you wait until after 60 days of receiving your statement!

IMPORTANT: Keep phone numbers to report loss/theft in a safe place-but not in your wallet!

Credit card types:

•         Visa and MasterCard from various issuers are the two most widely used credit cards in the U.S.

•         American Express and Discover are other well-known types.

•         Affinity cards earn sponsoring organizations' donations based on your charges.

•         Retail cards give you discounts on purchases at a particular store in exchange for higher interest rates.

•         Gasoline credit cards earn users rebates on purchases at a particular gas station in exchange for higher interest rates.

Published 5-2-2011

 

Compártelo

Tu dirección electrónica

La dirección electrónica de ellos

Comentarios

Página

Cerrar

Envíanos Tus Comentarios

Tu Nombre

Correo Electrónico

Comentarios

¿Quieres que un representante de la credit union se ponga en contacto contigo?
Si No
Si tiene alguna pregunta sobre su cuenta o una transacción, por favor póngase en contacto con su credit union por teléfono en vez de usar esta forma.

Cerrar

RSS Compártelo Contáctanos