How to Choose Credit or Debit
Consumers are often unsure of the difference between Credit and Debit when paying with their debit card. Here’s the breakdown:
- Debit: When you select the “debit” option, your personal identification number (PIN) is required to complete the transaction. Debit is the only option that allows cash back at the point of sale.
- Credit: When you select the “credit” option, your signature may be required to complete the transaction.
How to choose?
Fire Police City County FCU recommends selecting “credit” whenever possible. Since your PIN is not required, you will reduce the risk of someone learning your PIN. However, if you want cash back at the point of sale, choose “debit”.
Best Practices for Card Use
Card fraud is on the rise, affecting millions of consumers each year. To protect yourself, follow these simple safety measures:
- Keep your PIN a secret: Memorize your PIN, and never write it down, especially on your card. Never ask anyone to enter your PIN for you, even if they are assisting you with the transaction.
- Do not tell anyone your PIN: the Credit Union will never ask you to disclose your PIN. Never disclose your PIN when performing transactions over the phone, or in response to an unsolicited e-mail.
- Ensure your online shopping sites are secure: When shopping online, look for web address that begins with “https://”.
- Immediately report a lost or stolen card: Quick notification of a lost or stolen card will limit your potential liability for unauthorized transactions. Visa’s Zero Liability guarantee protects you against fraudulent charges made with your card, but you must notify the Credit Union in a timely fashion.
- Review your account frequently for unauthorized activity: If you notice a transaction you didn’t make, or if your balance suddenly increases or decreases without activity by you, call the Credit Union immediately.