Debit and credit cards are both used to pay for goods or services without paying in cash or writing a check. The difference between the two is where the money to pay for the purchase comes from. Show
What's the difference?When you use a debit card, the funds for the amount of your purchase are taken from your checking account in almost real time. When you use a credit card, the amount will be charged to your line of credit, meaning you will pay the bill at a later date, which also gives you more time to pay. It can often be complicated to decide when it is best to use each card. For everyday purchases, consider using your debit card because you will see the money taken out of your checking account right away. For bigger items, such as a rental car or hotel room, you could use your credit card so that you can save up money by the time you have to pay. Advantages of a debit cardIn addition to the convenience if you don't have cash readily available, debit cards have several advantages for users.
Advantages of a credit cardThere are several benefits of having and using a credit card.
Benefits of having a debit and a credit cardMany people have a debit card and a credit card. Since each card has a different use, they utilize the unique advantages and differences between debit and credit cards. Instead of choosing between one or the other, consider getting both! Interested in getting a credit card?Apply for the Huntington Voice Credit Card® and the choice is yours: get 3X rewards in the category of your choice1 or get a 2% lower purchase APR than our reward card. Learn More 1Earn 3% cash back on the first $2,000 that you spend each quarter in one of 10 pre-selected categories. Earn 1% cash back even after you reach the quarterly limit. Plus earn an unlimited 1% cash back on all other purchases. You may change the category within the first 30 days of opening a new account and again prior to the start of each quarter for the next quarter. Visit huntington.com for full rewards terms and conditions. We are here to help.If you can’t find what you’re looking for, let us know. We’re ready to help in person, online, or on the phone. Call Us To speak to a customer service representative, call (800) 480-2265. Is a debit card free?Traditional debit cards don't cost anything to use directly, though there can be costs associated with maintaining your bank account or choosing PIN transactions over signature transactions, for instance. However, prepaid debit cards usually come with a lot of fees.
Do you have to pay every time you use a debit card?Debit cards require users to pay now, as the card pulls money directly from your checking account for purchases or ATM withdrawals. Credit cards allow you to pay for your purchases later.
What happens if you use a debit card with no money?If you don't have enough funds in your account, the transaction will be declined. When you choose to run your debit card as credit, you sign your name for the transaction instead of entering your PIN.
Is a debit card worth it?A debit card is better for cash withdrawals and helps to avoid overspending and debt. For cash withdrawals at ATMs, your debit card is the best option. You'll keep fees at a minimum, and your card information is unlikely to get stolen if you stick to safe ATMs.
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