Help Topics > MONEY > MONEY Card > Debit MasterCard > What is this Card considered – a Debit Card or a Credit Card?

What is this Card considered – a Debit Card or a Credit Card?

It’s a debit card because the money for purchases you make is deducted from your MONEY right away. With a credit card, you borrow money to make purchases and pay the amount plus interest at a later time. However, when you’re asked “Credit or Debit?” in the checkout line, you can do either. The merchant is simply asking you if you wish to sign (Credit) or enter a PIN (Debit) to authorize the transaction.

If you use your Card as a PayPass™ purchase for $50 or less, you don’t need to sign for the transaction. However, for your protection, purchases over $50 generally require a signature or PIN to be used. Learn more about PayPass.

Banking, Credit Card, Auto Finance, and Home Loan products and services are offered by the Capital One family of companies, including Capital One Bank (USA), N.A. and Capital One, N.A. NMLS ID 453156, Members FDIC.

Securities are offered by Capital One Investing, LLC, a registered broker-dealer and Member FINRAOpens a new window/SIPC Opens a new window . Advisory services are provided by Capital One Advisors, LLC, an SEC registered investment advisor. Insurance products are offered through Capital One Agency LLC. All are subsidiaries of Capital One Financial Corporation.

ShareBuilder and Capital One ShareBuilder are marketing names for Capital One Investing, LLC.  ShareBuilder 401k and ShareBuilder Advisors are the marketing names for Capital One Advisors, LLC.

Securities and services are: Not FDIC insured • Not bank guaranteed • May lose value • Not a deposit • Not Insured by any Federal Government Agency

© 2015 Capital One. All rights reserved.