ATM vs. debit cards: The difference

Learn the differences between ATM cards, debit cards, and credit cards. 

ATM card
The front of an ATM cardAn ATM card is a PIN-based card. That means that in addition to using it at ATMs, you can use it to make purchases by entering your Personal Identification Number at the point-of-sale.

Debit card
TheA debit card looks just like a regular ATM card, and you can use it at ATMs. The difference is that a debit card has a Visa® or Mastercard® logo on its face. That means you can use a debit card wherever Visa® or Mastercard® debit cards are accepted, for example, department stores, restaurants, or online.

Credit card
A credit card with a red circle and a slash through itA debit card is not a credit card. When you use a debit card, the money is automatically deducted from your checking account.
With a credit card, you’re borrowing money to be repaid later. Most credit card companies will allow you to get a “cash advance” at an ATM — your credit card statement will show this transaction.

ATM and debit cards allow you to use ATMs, a safe and convenient way to manage your money. There are millions of ATMs worldwide and you can use many ATMs 24 hours a day, 7 days week. ATM and debit cards are also a convenient way to make purchases without carrying cash that help you keep better track of the money you spend.

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