Exchange Cash vs Using Cards in Asia

Old May 8th, 2021, 09:39 PM
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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.
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Old May 9th, 2021, 09:09 AM
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Originally Posted by mrwunrfl View Post
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.

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.
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Old May 9th, 2021, 09:22 AM
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Originally Posted by lcuy View Post
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.
Exactly, Lcuy. That's why when I'm out and about for a day in an overseas city, I prefer taking along my ATM-only card (just in case I need it) and that can only be used as an ATM card and not also be used to charge items on. It totally depends on my personal situation at the time and what overseas city I'm in. If it's a high-crime/theft overseas city, then I prefer to only go out with the ATM-only card unless I've accidentally forgotten to take it along when I left home. I sometimes leave the other type of card- debit/ATM/Visa-logo card locked in my hotel room safe. My bank sent me out a new renewed ATM-only card either last year or the year before and it won't need to be renewed again until the summer of 2024 as I have it here in front of me.

Happy Travels!

Last edited by Guenmai; May 9th, 2021 at 09:50 AM.
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Old May 9th, 2021, 09:28 AM
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Originally Posted by thursdaysd View Post
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.
OK. Now I get what you mean with this "dynamic" conversion term as I hadn't heard of it put that way before. I was thinking that you were talking about converting cash at a money exchanger.

Now...let me get ready for Mothers' Day with my mom. Happy Mothers' Day to all out there who are mothers.

Happy Travels!
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Old May 9th, 2021, 09:43 AM
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Originally Posted by Greenhorn View Post
Please - the 'M' in 'ATM' is machine! - do not refer to ATM machine - likewise do not refer to GST tax - the 'T' is tax.
I realize that. However, the colloquial expression has also been ATM machine for decades and with which I'm fine. I use both expressions.

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Last edited by Guenmai; May 9th, 2021 at 09:51 AM.
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Old May 10th, 2021, 07:27 PM
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Now there's a new term: the machine police!
And thanks to Greenhorn. i'll submit this to the Urban Dictionary.

Have a laugh!!
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