Exchange Cash vs Using Cards in Asia
May 8th, 2021, 09:39 PM
#21
The good thing about an ATM-only card is that it cannot be used for retail transactions.An ATM card can only be used to get cash from an ATM, and normally, you must use the correct pin. You may be able to get cash inside a bank with an ATM card, but in my experience, that only works with a branch of my bank. Banks and credit unions don't particularly like ATM-only cards, as there is no profit in them.
A debit card can be used like a credit card, in addition to accessing an ATM. If stolen, a thief can possibly make purchases without needing the PIN. Also, debit cards do not usually have have the same protections as with a credit card.
A debit card can be used like a credit card, in addition to accessing an ATM. If stolen, a thief can possibly make purchases without needing the PIN. Also, debit cards do not usually have have the same protections as with a credit card.
May 9th, 2021, 09:09 AM
#22
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There are only two types of cards: debit and credit, and both are ATM cards.
I would bet that an "ATM plus debit" would be an ATM Plus debit card and have a Visa logo on it. The payment would be made via the Plus System.
A debit card means that the money comes from a deposit account, usually a checking account.
A credit card means that the money comes from a line of credit. You can expect that a cash advance on a credit card will have a cash advance fee and that it will incur interest charges from the date of the transaction and be at a high interest rate.
My credit union ATM card is now called a debit card and has a MasterCard logo. The payment would be processed via Cirrus.
My old defunct CU "check card" was a debit card and I think that it did not have Visa or MC logos but did have Cirrus and Plus logos.
Technology has changed in the last 10 years, if not 5 years, such that advice about ATM cash older than that is pretty irrelevant.
I would bet that an "ATM plus debit" would be an ATM Plus debit card and have a Visa logo on it. The payment would be made via the Plus System.
A debit card means that the money comes from a deposit account, usually a checking account.
A credit card means that the money comes from a line of credit. You can expect that a cash advance on a credit card will have a cash advance fee and that it will incur interest charges from the date of the transaction and be at a high interest rate.
My credit union ATM card is now called a debit card and has a MasterCard logo. The payment would be processed via Cirrus.
My old defunct CU "check card" was a debit card and I think that it did not have Visa or MC logos but did have Cirrus and Plus logos.
Technology has changed in the last 10 years, if not 5 years, such that advice about ATM cash older than that is pretty irrelevant.
My credit union debit card that I've had for years has a Visa logo on it. I've used it only twice overseas (Milan-summer 2017 to get cash) and it was 75 cents that was charged by the credit union for a transaction. Otherwise, I sometimes use it like a credit card depending on the situation as if I just want a certain amount of a purchase deducted directly out of my checking account. Otherwise, I use my regular credit cards-Visa and AmEx for those types of purchases.
Happy Travels!
Last edited by Guenmai; May 9th, 2021 at 09:46 AM.
May 9th, 2021, 09:22 AM
#23
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The good thing about an ATM-only card is that it cannot be used for retail transactions.An ATM card can only be used to get cash from an ATM, and normally, you must use the correct pin. You may be able to get cash inside a bank with an ATM card, but in my experience, that only works with a branch of my bank. Banks and credit unions don't particularly like ATM-only cards, as there is no profit in them.
A debit card can be used like a credit card, in addition to accessing an ATM. If stolen, a thief can possibly make purchases without needing the PIN. Also, debit cards do not usually have have the same protections as with a credit card.
A debit card can be used like a credit card, in addition to accessing an ATM. If stolen, a thief can possibly make purchases without needing the PIN. Also, debit cards do not usually have have the same protections as with a credit card.
Happy Travels!
Last edited by Guenmai; May 9th, 2021 at 09:50 AM.
May 9th, 2021, 09:28 AM
#24
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Wrong. Absolutely and dangerously (as in expensive) wrong.
See: https://en.wikipedia.org/wiki/Dynami...ncy_conversion
In order to use a credit card in an ATM you need to know the PIN, which you should have acquired before travel. However, since you will incur interest charges even if you immediately pay off the balance, it is for emergency use only.
See: https://en.wikipedia.org/wiki/Dynami...ncy_conversion
In order to use a credit card in an ATM you need to know the PIN, which you should have acquired before travel. However, since you will incur interest charges even if you immediately pay off the balance, it is for emergency use only.
Now...let me get ready for Mothers' Day with my mom. Happy Mothers' Day to all out there who are mothers.
Happy Travels!
May 9th, 2021, 09:43 AM
#25
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Happy Travels!
Last edited by Guenmai; May 9th, 2021 at 09:51 AM.
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