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Originally Posted by DBlain  I saw that as well and that is scary, but I would hope that when this info first came out that everyone changed their pin number right away.
since I do not shop with a debit card and the only one I have does not have a visa/mastercard logo on it, I am out of the loop on how it works now. When they first started issuing visa/debit cards they said that the beauty of it is when at a retailer you don't need to use a pin, you just swipe it like a credit card, is that still how it works??? I was also thinking some of you much younger members might be confused by my posts because now it seems like all the debit cards have a credit card logo, but for older people like me that have had them for 10 or more years when they first came out they did not look like a visa or mastercard and you could not use it at many places. |
Yes that is how the debit cars with the visa or MC logos on them work. I used to also have a debit card without the logo. When it expired, the new ones were sent with the logo? How are you able to keep that one without the logo I wonder? Is it a small bank, or you have to specifically request it?
I use my debit card as a credit card. I sign for it instead of using my pin. Reason is I get cash back if I use it as credit but not as debit. The merchants get charged 3% (usually) for a credit transaction, whether it is an actual CC or debit card matters not. But merchants do not get charged if it is used as debit. So my bank wants me to use as credit so they get 3% from the merchant, and I get 1% from the bank. However, that said, 99% of the time I use cash.