Originally posted by sohguanh:
[b]You just have to figure out what debit and credit
means
Debit is essentially a NETS card just using signature instead of
key in PIN. It follows the way credit card of signing. However, to
have debit muz have account ready for deduction. So I see debit
card as not so great only allow signature instead of PIN.
Credit is different. You actually ask the issuing bank to pay your
bills first. Then the bank in turn ask you to pay them so credit
card means can delay pay money first whereas debit is deduction of
money is right on the spot.
Maybe young ppl like the feeling of signing instead of key in PIN?
[/b]
Well, debit card can act as an ATM card too. They issue pin plus
you can sign for the purchases.
