What can a Bank Debit VISA card NOT DO,that a credit card can do? Traveling Abroad?
If you have a bank account card, (for a basic bank account - no overdraft etc), which has the 16 digit Visa debit card
or a credit card,
Then what can the Credit card do that a Visa debit card CANNOT do ?
- Especially if you travel abroad often, from UK to USA, to Canada, to Australia, to China ?
(and want to use the card abroad, for purchases, paying for food out, and shopping abroad.)
Can the debit card be used in them countries + more, without any problem? (it is a basic account, with a 16 digit VISA card)
You will be ok using a debit card abroad, however your bank may want you to inform them of where you are going so that transaction from various countries are not stopped as potential fraud.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
One huge advantage that credit cards have over debit cards is the free 'Section 75' purchase protection on anything costing more than £100. Read more here:
You won't be able to hire a car using a debit card. When we went to the US we had to give credit card details even though the car was included in the package.
I think unless you are travelling a bit further afield as skippy 's highlighted! A debit card does exactly the same as a credit card except you're spending money you've got.
I've never had a problem using my debit card in Spain ,but I always ring the bank to let them know I'll be using it over there.
Chargeback on a debit card gives you the same protection as section 75.
IVA COMPLETED & CLEAN CREDIT FILE.
An old bible proverb says this: the rich one rules the poor, and the borrower is a slave to the lender.
Not all debit cards are equal. for example a nationwide cash card visa debit card, cannot be used abroad. A nationwide flex account visa debit card I believe you can
You're right Sponge - the Flex Account debit card can be used overseas. They no longer have free cash withdrawals with that card though, you need the Flex Plus (paid) account for that).
If you are going abroad the Metro Bank account is a good one as neither their debit or credit cards have foreign transaction fees. The problem is they are only in the South East at the moment.
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by flamingate
What can a Bank Debit VISA card NOT DO,that a credit card can do? Traveling Abroad?
If you have a bank account card, (for a basic bank account - no overdraft etc), which has the 16 digit Visa debit card
or a credit card,
Then what can the Credit card do that a Visa debit card CANNOT do ?
- Especially if you travel abroad often, from UK to USA, to Canada, to Australia, to China ?
(and want to use the card abroad, for purchases, paying for food out, and shopping abroad.)
Can the debit card be used in them countries + more, without any problem? (it is a basic account, with a 16 digit VISA card)
(i know fees will differ)
For my bank of scotland/nationwide accounts - I cannot withdraw cash outside of the UK. There are also some restrictions on offline transactions (where the card machine can't connect to be bank, eg on a train, some pay at pump)
...good to know that 'chargeback' also applies to purchases under £100.
Would be even better if it was law like s75, rather than a code of practice.
Skippy mentions a good point with car hire as well. Similarly, I have stayed in hotels that specifically require a credit card.
Totally understand the reluctance of anyone in an IVA to be 'tempted' by a credit card, but if used responsibly, they make your life just that little bit more convenient.
Regardless, always good to have a mix of 2-3 credit/debit cards on you: How many times have you gone to pay for something and your card has been declined for no good reason?
NatWest and RBS 'Cyber-Monday' customers - anyone?
My NCP car park machine spits my 'Secure Trust' pre-paid mastercard back at me, as do some 'pay at pump' fuel stations.
...So always nice, if you can get one, to have another debit/credit card as a back-up.
My opinions are just that: Based on my experience and being a self-employed IVA customer.
Touch wood- I've never had any problems with my debit cards ( I have 2) but mostly I operate in cash.
& I have to say I think I've been pretty lucky on the hotel front so far when I've had to book a room for hubby when he's staying away- mostly tho I'll book him into premier inn's ( he says the beds are comfy)
I do take the point about the credit cards though & if I am ever likely to be traveling to New York ,,,,I know I will have to apply for that dreaded piece of plastic !!
IVA COMPLETED & CLEAN CREDIT FILE.
An old bible proverb says this: the rich one rules the poor, and the borrower is a slave to the lender.
I have a family member (whos much more intelligent and money savvy than me), who as I understand it has never had a credit card. He seems to get on fine when he goes abroad and travels in the UK
I can't see any reason why a hotel or hire card company can't do what they do with a debit card. As I understand it they pre-authorize the card for a certain value, they then either charge the right amount at the end (which could be 0 if you pay in cash say). This should work fine with a debit card, so long as you have the amount needed to pre-auth, and can live with not being able to spend his money until the end of your trip.
I have had a debit card pre-authed in eastern europe about 5 years ago with no issue at all
The key maybe between different types of debit cards (visa v maestro, cash withdrawal rules, offline v online etc). The ones that come with a basic bank account while still say a visa debit, can be much more restricted than a full current account visa debit card
for instance see visa service codes below
First digit
1: International interchange OK
2: International interchange, use IC (chip) where feasible
5: National interchange only except under bilateral agreement
6: National interchange only except under bilateral agreement, use IC (chip) where feasible
7: No interchange except under bilateral agreement (closed loop)
9: Test
Second digit
0: Normal
2: Contact issuer via online means
4: Contact issuer via online means except under bilateral agreement
Third digit
0: No restrictions, PIN required
1: No restrictions
2: Goods and services only (no cash)
3: ATM only, PIN required
4: Cash only
5: Goods and services only (no cash), PIN required
6: No restrictions, use PIN where feasible
7: Goods and services only (no cash), use PIN where feasible
Martin
Last edited by martinw on Sun Dec 08, 2013 1:37 pm, edited 1 time in total.
