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 products are offered by Capital One ShareBuilder, Inc., a registered broker-dealer and Member FINRAOpens a new window/SIPC Opens a new window . Capital One ShareBuilder, Inc. is a subsidiary of Capital One Financial Corporation.

Securities, Credit Card, Auto Finance, and Home Loan products are: Not FDIC insured · Not bank guaranteed · May lose value

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