credit cards
How the cash credit and debit cards?
When I use my debit card at the store and asks if I want $ 0, $ 10, $ 20 or a refund. How does the cash back? And what would this procedure works on a cash back credit card? Should I take cashback amount with my debit card? I see other people in line ahead of me with their cards and when asked if they want cash some of them do not press the keyboard.
Cashback will only work on debit cards. Basically, if you request a refund, the cashier this amount of money, and add the amount withdrawn from your bank account. For example, if you buy 5 dollars of things and ask for $ 20 cash back, Then they subtract $ 25 from your bank account and give $ 20 in cash plus what you bought. Cashback is essentially a more practical alternative to go to ATM. Only works for debit cards, no credit cards.
I am looking to apply for a credit card. it will be my first one, and i need some advice on what to look for.
My situation is fairly strange, i am not looking to use the card for purchases, instead i need it for funds to be paid into, as you would a debit card, except a debit card is not suitable for my business. is this possible and what should i be looking for from my card if it is?
thanks
{ 4 comments }
it depends on your credit when looking for a credit card there are a few out there but the things you need to look for are
1. no annual fee
2. low interest rates
3. reward points
If you are a student the best choice will be a student credit card these cards have all these features and are design to help students build credit, but if you have no credit you will have to start off with a lower end card and work yourself up to a better card.
Check out http://www.fastcreditcardapprovals.com here you are able to compare them side by side
Don’t really understand as funds go into a bank account , not a card as far as I am aware ,, The card is just an adjunct to the bank account
Rick, do you mean that someone will pay into your account? That means someone have to credit to your account.
If it`s the other way round, you owe someone money, the person you owe the money will debit your account.
It`s best not to take any credit cards. You must bear in mind whenever there is transactions of funds occur the bank will charge you interest/service fees.
You can also do it this way. If you owe Mr. A money and you know which is his accounting bank. you simply just withdraw cash and deposit it into his accounting bank to pay your dept and the bank will give you a reference number every time you makes the payment.
In this way, you don`t have to pay any transaction`s fees.
I really don`t know that I`m offering you the right answer or not. I hope it will of some help.
For somebody to put money into your account, you need a debit card.
All banks like Abbey, Halifax, Natwest, Alliance & Leicester give you one.
Comments on this entry are closed.