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Choose "Credit" or "Debit" for your Check Card Transaction – What Does It Mean?
"Do you want Credit or Debit?" That question sounds familiar to anyone who has presented their card when making a purchase. Before you get to the register, here's some important information about VyStar's Visa® Check Card you should know.
Choosing "debit" at the register or on a keypad:
- A "debit" transaction with your Check Card is deducted directly from your checking account. Be sure to keep a record of the amount of your purchase and review your account transactions on your monthly statement or in Internet Banking.
- A "debit" transaction with your Check Card requires a PIN and no signature or identification.
- A "debit" transaction with your Check Card is monitored by your credit union for fraud and misuse. You will be contacted if a purchase or transaction appears suspicious.
- A "debit' transaction with your Check Card is no-fee for the cardholder. It is, however, an expense for your credit union.
Choosing "credit" at the register or on a keypad:
- A "credit" transaction with your Check Card is deducted from your checking account. It does not mean it is a credit card. It does not accumulate interest charges. The transaction is simply being processed or routed through the Visa system who handles both Visa check cards and credit cards.
- A "credit" transaction with your Check Card is called signature-based because most often you are asked to sign your receipt. However, receipts are not always issued on purchases of $15 or less. You may be asked to show identification.
- A "credit" transaction with your Check Card means you can earn CURewards points.
- A "credit" transaction with your Check Card means you receive added protection. With Visa’s Zero Liability program shop at no risk – your liability for unauthorized transactions is $0.
- A "credit" transaction with your Check Card is no-fee for the cardholder. It also helps your credit union save money.
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