Debit or Credit? Which is Better? |
Your First Credit Union Visa® Debit card is a fast, convenient and safe way to pay for everyday purchases. Accepted at millions of merchants worldwide, this card looks similar to a credit card but acts like a check because the amount is deducted directly from your checking account.
|
|
You have probably heard the cashier ask “debit or credit?” Have you ever wondered what the difference is? Either way, the purchase amount will be deducted from your checking account. There are advantages to selecting the credit option. Here’s an overview of the difference between “debit or credit.”
|
|
But which do you choose? |
When the cashier asks “debit or credit” and you choose credit, you are opting for a signature-based transaction. Visa® offers a Zero Liability* policy on all signature-based transactions, protecting you against fraud, which is especially important considering your debit card is linked directly to your checking account. Plus, the guidelines for signature-based transactions are more flexible and enable the credit union to provide dispute assistance, if needed. It also enables you to use your debit card when you can’t remember your PIN!
When you choose debit, you are opting for a PIN-based transaction, which may not be covered under the Zero Liability* policy. If someone makes an unauthorized purchase with your debit card by entering your PIN, you could be held liable.
|
|
Choose Credit! |
Next time you are asked “debit or credit?” you will know the advantages of choosing a signature-based transaction rather than a PIN-based transaction and can make the best choice for you!
*Visa’s Zero Liability policy covers U.S.–issued cards only and does not apply to ATM transactions, PIN transactions not processed by Visa, or certain commercial card transactions. Cardholder must notify issuer promptly of any unauthorized use. For more details about this policy visit www.visa.com/security.
|
|
|
Satisfied Members Say it Best… |
|
“I appreciate the convenience of the Phone Center and the drive-thru. I never have to go inside a branch unless I want to!”
~ Tempe Member |
|
|
| Get a Great Rate and Earn WorldPoints® Too |
| |
First Credit Union offers a Visa® credit card with a great fixed rate as low as 9.99% APR. Plus you will earn WorldPoints® with every purchase. Redeem WorldPoints® for travel on major U.S. airlines with NO blackout dates, brand-name merchandise, gift cards from top retailers or unlimited cash rewards. Rewards start at just 2,500 points. |
|
|
|
| Get more with a First Credit Union credit card |
|
In addition to getting a great fixed rate and earning one WorldPoints® point for every dollar spent, you also:
- Save money with no annual fee
- Feel secure with absolute fraud protection
- Enjoy convenient 24/7 online account access
- Experience MyConcierge™, a unique personal assistance service.
|
|
Applying is simple |
|
Visit our website at www.FirstCU.coop and click on “Visa Credit Card” on the homepage. Or call us at (480)831-2645 or toll-free outside the Phoenix area at (800)732-6986. You can also apply in person or pick up an application at any branch.
|
|
Just a Reminder… |
|
Your savings account is a great way to provide overdraft protection for your checking account. Just a reminder that federal regulations limit the number of electronic transfers you can make from your savings account to six transactions per month. Keep in mind that you can conduct an unlimited number of transactions in person at any branch. Electronic transactions include any combination of the following:
- Overdraft protection to checking
- Telephone Teller transfers
- eTeller online transfers
- Automated transfers to another suffix or account
- Electronic Funds Transfer withdrawals or preauthorized automated debits
|
|
Questions? |
|
Call us for more information at (480)831-2645 or toll-free outside the Phoenix area at (800)732-6986.
|
|
|
|
