Cash debit or credit reddit. There are a plethora of 2% cashback cards on the .

Cash debit or credit reddit Assets increase with a debit, decrease with a credit. I think it’s a great card to build your credit and then get a different card once a year has passed. Definitely do the math. I don't know why, I don't know the difference but you wouldn't want to learn the fact after eating your dinner in a restaurant with no cash on you. In which case, I would go for the Affinity Federal Credit Union cash back debit card. Credit card companies make their money on transaction At a previous property I rented from I used CB Debit because of the fixed fee being less than the CB I’d earn, it was cool. 339 votes, 633 comments. Visa / Mastercard / Apple pay are your best bets. Let’s take a closer look at each payment method and when they should be used. If your credit card offers "rewards" / "cash back", the credit card company gives you $1 and keeps $2 instead. Debit Expense Asset Dividend. We were able to use credit cards for the majority of our larger transactions and only a few places did not accept credit cards. I asked the counter rep what credit bureau they used, and she said Equifax. About R500 . LPT : Get in the habit of using a credit card instead of a debit card when shopping online or making a large purchase. Of course you give up perks like dispute options when paying with cash, so assess your conviction. Debit or credit chip cards are accepted nearly everywhere. *(I already have credit/debit card, this is for someone else that needs and can only get a Debit card atm) I am looking for a Debit Card that's $0 monthly/maintenance fee preferably, (or no more than monthly $2 fee but would rather $0 if possible) that has cash back, preferably higher cashback (2% or more) but 1% is also fine as long as the cashback isn't a scam and can be added/count as I'm not sure what you mean by linking the target debit with the discover debit. In Credit cards can use money that you don't actually have at that time. Buy some lira and use cash because some stupid POS machines here don't work with foreign cards. Maybe the median Princeton undergrad who was volunteered to participate in a research study directed by their Psych 101 professor where they played some board game with cash versus credit cards spent more with one than the other. Pretty much all trains and subways take Suica or Pasmo cards. Must businesses accept them now, but ask first. "ATM transactions, the purchase of money orders or other cash equivalents, cash over portions of point-of-sale transactions, Peer-to-Peer (P2P) payments (such as Apple Pay Cash), and loan payments or account In the fine print, Discover mentions that ATM transactions, the purchase of money orders or other cash equivalents, cash over portions of point-of-sale transactions, Peer-to-Peer (P2P) payments (such as Apple Pay Cash), online sports betting and internet gambling transactions, and loan payments or account funding made with your debit card are EU regulations kicked down all credit card interchange to 0. There are a plethora of 2% cashback cards on the As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. If someone gets your debit card and pin, yea, they can drain your bank account but a credit card is not connected to a specific bank account. All part of the deal being on vacation. While there are multiple ways to finance your trip, such as using credit or debit cards, or the age-old method of carrying cash; credit and debit cards may have applicable interest rates that banks charge, which can be heavy on the pocket. ) You can't think of debits and credits like a bank does. Cash is an asset. 10 cash back on each transaction, which would be tough to beat on a $. I used card entirely the last two times I was in Europe, didn't bother with getting money from an ATM and had some leftover euros from a previous trip, didn't spend cash once, even for very small purchases personal finance is indeed personal. I can ‘cash out’ (send money to my discover account) but not send cash in from my discover checking account. e. The rewards of cash back or points isn't worth getting into credit card debt at that income level. Debit chip cards work in their ATM’s. They give your chips that you turn in for cash when its time to cash out. Random small shops might be cash only. I was out of luck at this point. Know the payment status of the country: US - still with some cash only stores, Australia - 99% cashless. upvotes · comments Ie if I pay cash to pay off a loan, I credit cash and therefore have to debit something else. But that’s just me. Credit cards offer fraud protection, purchase insurance, cash-back or travel perks, and build credit. g. Cash vs debit is a convenience vs risk question. ) IDK your financial situation but assuming you have an income that allows you to pay off your cc in full each month this is how you should be using Just withdraw money from an ATM with your home debit card. They have a decent savings account too. I never use a debit card to pay for things. This isn't really true. Example: with gas at 2. If you transfer the rewards over to the IT, they shouldn't match it. If you can't use credit responsibly, it will definitely end up costing you more to use credit. But a very good first card nonetheless. Taxis are sometimes cash You've already gotten tons of replies about why credit cards are better than debit cards. Depending how much cash you need, you could maybe save a bit more by spending at least 10 € at ALDI and then you can ask to add up to 200 € in cash withdrawal to The vast majority of debit cards can also be used as credit cards. you have credit card debt or don't qualify. Credit cards offer some level of protection against fraud. Even though I had enough liquid cash to purchase the car, they would not rent it because Equifax said not to. The debit and credit card have identical rewards and there is no cash back system. com Nov 14, 2023 · With credit, you can take advantage of some key benefits you don't get with cash or debit cards. Aug 31, 2023 · You're getting confused because you're thinking of absolute balances as debit/credit (ie cash is an asset so a debit) rather than thinking of the movement in the balance (asset gets bigger - debit, smaller - credit) Dec 6, 2019 · A debit to cash increases the cash balance; A credit to cash decreases the cash balance; and Follow the cash. You put cash into slots, you throw your 100 on the table for table games. you can easily see your balance at any time on your cards website or app. Cash advances on Credit Cards or to bypass your Debit limit are considerably higher. Pay rent - increase rent expense (debit) decrease cash asset (credit). So I always get some kind of a discount. Aside from the cash back/points on credit cards, there are many that don’t have international fees and are safer. Have had my Discover Cashback Debit card for about a month now, and love it, but for some reason I can’t add cash to my CashApp using the card. Ni hindi mo nga pwede gastusin lahat ng pera mo sa banko if you're more than the threshold pero sa cc pwede You're more protected. And lastly I guess what I am really asking is, is it worth the effort to maximize spending on my credit cards (to a degree, obviously don't spend more than you can pay back) to get those points, or should I just pay for things with whatever I want, (cash, debit card, etc. There are a few banks and credit cards that allow for zero foreign transaction fees. Which of these increases or decreases the account depends on what the account is. So that sucks lol. Debit cards are like electronic cash. Neither cash nor credit burns a hole in my pocket, so I don't make a decision based on that. I have lost debit and credit cards abroad. A debit purchas will cost a retailer about . There is no hard pull required and no extra account to manage. In some countries there is a blurring of the lines between a credit card and a debit card, to the point that people actually aren't sure what they're paying with (which can sometimes be problematic): for example, you're almost certainly using the debit function to withdraw cash, but the credit card function to make online purchases although if you're using your UK Visa card in a German cash I currently use an out of state credit union for my main bank so the brick and mortar thing is no big thing with me. It is insured. When you get cash via revenue you make the exact same entry except this time instead of liabilities increasing, revenue (and therefore owners equity) is credited in order to increase it. In my life there is literally NO situation where I would need my debit card over a credit card. debit cards are something banks sort of have to give you, but they wish they didn’t because they don’t make any money off of it. I bring 4 CCs with no foreign transaction fee with me abroad and 2 debit cards (One being a Fidelity cash management card that reimburses ATM fees). But you will need some cash, depending where you go and what sorts of things you want to pay for. It’s all good. Another option is using Target Circle for 1% back with a 2% cash back credit card. It’s not a credit card, but it oftentimes gets mentioned for people because it serves their needs better or works well with their spending. Credit cards aside because I know credit cards offer higher rewards, I'm more curious about the different benefits between a checking account with 1% cash back ie discover cashback debit card vs a checking account that offers 3. It all depends on the merchant service contract. I plan on paying in full with my debit card though most cash purchases I've heard have been with either cashier's or personal checks or green backs so thought it would be good to ask if using a debit card would be an issue. I logged in and unfroze my credit for one day, and we tried again. Maestro is still the default - while last july was indeed supposed to be the deadline for all companies to at least accept mastercard debit and visa debit as well and banks to stop giving out maestro cards - that has been postponed to "somewhere next year". You're getting confused because you're thinking of absolute balances as debit/credit (ie cash is an asset so a debit) rather than thinking of the movement in the balance (asset gets bigger - debit, smaller - credit) A debit to cash increases the cash balance; A credit to cash decreases the cash balance; and Follow the cash. If you are doing an in-person purchase either of the three is OK, on-line I always use a credit card because a debit card purchase is the same as cash with very little protection for the buyer. Now, the reason why I think cc is better than debit is Credit cards are more flexible than debit card. Use this chart to determine if you have the minimum cashback % rewards on your credit card to pay with a credit card. 99/mo iCloud subscription. Credit cards should be used if at all possible so if there is a fraud issue you can dispute the charge. In this case, it’s a liability, therefore an increase in a liability would be a credit and liabilities have a credit balance. Always use credit card when traveling. Debit and credit cards are good to use in Mexico. I hardly ever use cash but have a small amount on hand just incase. Which means using your debit card would be more comparable to the credit card. The biggest reason people use credit cards specifically is to get small amounts of cash back (essentially getting 1-5% discounts on everything they buy within a certain category) not to mention that by building a high credit score, you’re more likely to get lower interest rates on loans ranging from mortgages to car payments. The incentive is to get you INTO the store because the majority of the time you'll drop another ten bucks on snacks. 95 fee. That's about as much of a discount I get paying cash. Is cash debit or credit? Before diving into the debit or credit, we need to assess what kind of financial statements element that cash belongs to. Bank Cash+/Elan Max Cash Preferred, for 5% cashback. most banks do - but try to use those protections sometime, and see what a huge pain in the ass it is. Beyond that, credit will typically win out. s. Cash for: Gambling taxis (or $3 extra for credit cards) strip clubs (lots of credit card fraud - just leave it in the hotel safe) tips (you can always add tips at bars/restaurants on credit card, but if you’re tipping a bellman, cocktail waitress in the casino, etc you’ll need cash) Credit cards required: hotel check in You can sometimes choose whether to run a debit card on the clearing network for that (enter your PIN and make a direct cash withdrawal from your account, like at an ATM - hence the option for “extra cash withdrawal”) OR run it as if it is a credit card on that separate clearing network (without a PIN, but sometimes you do need to enter Debit card since our stations don't charge extra fees. sounds like it is better for the savings interest, cash back debit(do most my spending on credit cards that have higher cash back/ Mr. There is no "positive" and "negative", just Debit and Credit. That's generally the cheapest way to get any kind of currency, assuming you don't have a bank account in the country. 67 X . All mid to higher end shopping and nearly all dining locations inside malls accepted Visa, Mastercard, or Discover, but none accepted Amex. The contract determines the cost per swipe, however, the rule always says that debit is cheaper than credit. It makes sense if you are on a very tight budget to want to pay for variable expenses in cash to not overspend like with credit. Now you have none of the security of a debit card and all of the downside, because that money just came right out of your account and can take WEEKS to reclaim. If a waiter wants to take the card with them, tell them you will açcompany them to the credit card machine. If you’re good at budgeting, that will be a better way to control your spending. 5% rewards, that's 2. cash discounts at gas stations for debit card users (on occasion) Those cash discounts for debit card users might not be better than the 5% back you could get at gas stations with no AF credit cards. It's not really your money if someone can shut it off or otherwise deny you access to it. Must be a credit to the liability account. Banks work harder to resolve issues when it's their money than when it's yours. Since checks have become extremely uncommon in Germany after the Eurocheque system was phased out in the early 2000s, financial transactions are mostly limited to three general kinds: direct deposit/withdrawal, cash, and credit/debit I'm leery of using at the pump credit readers - dont want to have a skimmer read my credit or debit card. Example 2: Bank gives me $100 as a short-term loan. Credit cards fees are charged from the merchant service provider as a percentage of the sale. In double-entry accounting, debits (dr) record all of the money flowing into an account. That profit covers the 85 cents you saved by coming When traveling, it pays to have a small stash of local currency to cover for instances where credit card is not accepted: eg flea shops, street food, etc. IMO bringing cash and exchanging at an exchange is unnecessary and makes it more likely that you'll get ripped off. Example 1: I spend $100 to acquire a $100 laptop. The interim while it's being investigated can be an issue though. Probably use debit for about $100 a month. Normally most places and services will take credit/debit cards though you do find the odd place here and there that only takes cash, especially if you go further north. . The debit card is obviously the best for pulling money out of the wall not just because it usually avoids all the credit card networks, but also because cash advances from a credit card are costly. Credit cards have added perks such as points back, warranty extensions, and someone in your corner if the you know what hits the fan. This is a chart to determine how to pay at the gas station when given different prices for Cash v. 3% (0. So, if your business were to take out a $5,000 small business loan, the cash you receive from that loan would be recorded as a debit in your cash, or assets, account. My credit card gives me at least 2% back on everything and I pay it in full every month, so I don’t see a reason to ever use cash. In a lot of posts, people recommend getting the target debit card because it’s free, doesn’t take a credit check, gives free target shipping, and 5% off all target purchases. I like to have about 20-40 USD cash for incidentals, random hot springs that ask a donation in cash, some coins for pay toilets (which also take card) but you can get by with no cash. Nearly everything else has a normal balance of a Credit in beginning accounting. But it also requires that you DYOR if buying it with cash, the merchant gives cash transaction discounts, would be cheaper than paying via credit card. Gas stations use a third party that runs both debit cards and credit cards. Or alternatively, Revenue is credit because it makes Net Income bigger, increasing Retained Earnings, and therefore increasing equity So coming back to your example (debit cash, credit salves revenue), it works because you had an increase in an asset (which is a debit), then an increase in revenue and therefore equity (which is a credit). Not sure how it is in other countries but in the US a credit card will offer fraud protections the debit card doesn’t have so if a charge shows up for $75 at Smith’s restaurant and you know 100% you never went to Smith’s on a credit card you can dispute the charge but with a debit card you’re out of luck. Reply reply doesn't apply to credit cards. Some ryokans and minshuku only take cash, especially in the countryside. For "non-utility" bills such as rent, property taxes, insurance, home/car maintenance, etc. So I'm the exact opposite of you and have peace of mind when I pay cash (plus my local Arco has the cheapest prices and only takes cash or debit, and I usually fill up during daylight hours). At the station I worked at if you came in to the counter to pay with cash, check or debit, you get cash price. These types of accounts all have normal balances of Debit. Money is not yours it belongs to the bank, if anything goes wrong you get the money back. 04005 savings per gallon, or 4 cents. If you get the cash on the right side then the other side solves itself. You'll definitely get way better customer service from your bank. Do not exchange money at the airport or at your local bank prior to arriving. 25% apy ie sofi checking account What are the pros and cons between the 2 checking (Since debit cards on Venmo don't incur the 3% fee like credit cards). I use Cash Card debit, but it's pretty tertiary to my main credit card and checking account debit card. Honestly debit cards and cash are not safe. 5% back. A subreddit for discussing credit cards. Even though it acts like a debit card (spending your own money instead of credit), it’s only processed on the Mastercard network. USAA's rewards debit card gets $. Fraudulent credit transactions are generally easier to take care of(get refunded) than fraudulent debit transactions. Other than those restaurants and the aforementioned hot dog vendors, pretty much everyone accepts credit cards. Station owner doesn't want to pay processing fees for credit card transactions. Very hard to get over it. Debit cash (increase), credit note payable (or other appropriate liability account). I'm now able to pay rent with a debit card with a $3. Rather, it depends on the situation and the circumstances. Only use cash when necessary and only use debit card at ATMs. Debit card still require processing fees as well. By doing this you keep your utilization low, have better fraud protection than if you were to pay with cash or debit, and reap the benefits of credit card spending (cash back, travel rewards, etc. Essentially you get a 5% discount on all eligible items. All businesses have portable credit card machines to bring to you. But using credit is also dependent on your ability to live within your means. ATM transactions, the purchase of money orders or other cash equivalents, cash over portions of point-of-sale transactions, Peer-to-Peer (P2P) payments (such as Apple Pay Cash), online sports betting and internet gambling transactions, and loan payments or account funding made with your debit card are not eligible for cash back rewards. Only credit and pay at pump costs more. Carrying a debit card is like carting around a portable hole that leads directly into your bank account. Using a credit card and not paying it off can get you into debt, and you'll have to pay interest. When you buy $100 worth of groceries with a credit card, you pay the credit card company $100, and the credit card company sends the store $97 and keeps $3. Conversely, a "Cash Credit" is applied when you sell a security. For example, the Square Cash debit card frequently has a "boost" for 10% off a grocery purchase. Put everything else on your credit card. You're free to test it out though if you want. So if someone steals your debit card they just run it as credit. You can always settle your account before the end of the cruise with other means of payment (cash, debit card, other credit card, etc. We are a mostly cash economy in our house so gas is one of the very few debit card uses. Is there any debit card people recommend here or use for paying rent to maximize rewards or cash back? I see the Discover debit card as one option with 1% back, just not aware of any others. 015 = $0. 2% except for In my view, there are only two reasons to use a credit card over debit: 1) safety 2) rewards. Combined with my getupside app and any grocery points I have. Honestly, could you imagine all the issues if Discover allowed their debit cards to have a different style or look like the credit card. Carrying cash often has a foreign exchange mark-up attached to it. The new property I rent from their online portal recognizes my CB Debit as being a credit card, I guess just because it sees Discover and assumes credit, so it wants to charge the percentage fee instead. Debit is still more convenient than cash if for whatever reason credit isn't an option. So for every account I see, I think: I haven’t carried my debit card in years, and haven’t used the ATM in probably 8 years. The debit card retates percentage rewards each month (with stellar lumens being listed as 4%, though it's currently at 1% this month 🫥) It depends on the price per gallon, credit card rewards, and the difference in price between paying cash or credit. REFER CUSTOMER TO EQUIFAX". Just note that most POS terminals don’t accept foreign debit cards, so be sure and bring a credit card or a debit card that also works as a credit card, i. At the end of your cruise, your linked card gets charged whatever balance is remaining in your onboard account. See full list on wikiaccounting. If you pay the card at the end of the month, it's no more costly to use than cash. I have looked up the terms and conditions and here's what it says. A credit card, used properly, is superior to debit (and often cash). If you compare debit card to credit card, they are both easy to swipe. This could make your purchases cost more then they would if you paid cash or used a debit card (if you had the money in the first place). , the best credit card for you is likely to be a flat-rate cashback card. the 1% discover cash back debit card would definitely serve a good purpose for people who don’t do credit cards or for recovering credit addicts who still want cash back but aren’t responsible enough to have a card. Edit: This is still not accurate though. Nov 14, 2023 · With credit, you can take advantage of some key benefits you don't get with cash or debit cards. But for example if you are getting cellphone insurance through your credit card, using your credit card might still be better overall. I mostly use credit cards when traveling, but of course keep some cash for small purchases and for the few places that won't take cards. We used around 70K JPY in cash and 150K JPY in credit card transactions. Just some advice: Never loose sight of your card when paying. What is a credit? Credits (cr) record money that flows out of an account. Credit card always. , a Visa debit or debit Mastercard. Cash is untraceable, debit is very traceable and if digital currency is all there is it won't be long before every single debit transaction carries a fee, just like credit. 45. So if the cash discount is more than 4c/gal I'd go with cash. So effectively for the first year you earn 2% cash back on everything and 10% on those rotating categories which are pretty decent IMO. Oct 8, 2023 · If you can't use credit responsibly, it will definitely end up costing you more to use credit. My dentist offers a 5% discount if we pay with cash/debit a week in advance (generally major dental work like fillings) but they still provide the receipt and it's still submitted to my insurance for claim. Credit cash (decrease), debit Fixed assets. It is also easier (and faster) to reverse charges. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. that I keep on hand “just in case” but never need to use. 67$/g, if you have 1. Here's a question, most places that charge a fee for using a card, that only includes credit cards, right? Debit cards count as cash and will not be subject to a fee, right? Because I might just have to add a Discover or other bank's Cash Back debit card so I can get at least 1% back of I'm not able to swipe my credit card and come out on top. Keep in mind, by using the debit version, you do not get any of the consumer protections unique to credit cards (fraud liability, chargebacks, etc). The only time I use cash is if the person I’m paying can’t take credit cards or a cash app. I'll move small amounts of cash to Cash App for purchases where I can take advantage of the boosts, but it isn't where I'd park my money. If someone runs off with it, you may have more difficulty getting your funds back. May 14, 2023 · Some purchases should be paid for with cash, some with a credit card, and others with a debit card. Merchants that accept debit only, really only accept Interac payments. Only places I see around here with lower cash prices are one-off shops or out in the sticks, but sometimes it's definitely better to do cash. 5% back from the credit card, but then get an extra 1% back from the debit card used to pay the credit card, totaling 2. Credit/Debit. Fantastic value for no cost. Some banks as well as Visa/MC offer purchase protection. 2% APY on the first $2500, and their customer service is great. At the most basic level, credit cards got higher limit of usage than debit card. The debits and credits of banking seem backwards to you. They match all the cash back you earn the entire first year. ) Always use a credit card to link to your onboard account. 17 while a credit transaction can cost about . For gambling yes cash is the only option. Liabilities increase with a credit and decrease with a debit Revenue increases with a credit and decreases with a debit Expenses increase with a debit and decrease with a As noted already in this thread, the best credit card for utilities is the U. From $800 to $350 just seems like a shotty job that'll be done. Be sure to read sub rules before posting, use the resources linked in the sidebar / about section of the sub, and use search to see if your question has already been answered. e. In general, credit cards are better than debit card because with a credit card it's the issuers money instead of your money. You’ll likely get your money back, but in the meantime during investigation you’re out that money. Don't buy a huge amount of cash but keep some just in case. When the customer eventually pays, it's an increase in cash so again a debt and a decrease in receivables so a credit. The thief has direct access to your bank account. If you remain unconvinced, then I'd say even carrying around cash is better than using a debit card if you're wanting to control spending. The easy option is just have £50 in cash on you and ask if they prefer cash or card. Debit cards prevents you from over spending since it directly withdraws from your account. 2% for debit), and the number of non-EU/EEA countries in the continent can't really be described as "many" at this point (Switzerland, Monaco, Andorra, San Marino, Serbia, Kosovo, Montenegro, Albania, Moldova, Ukraine EDIT: Forgot the UK, but they kept it at 0. No credit cards. instead of using your cash when you buy something expensive, you can instead keep the cash in your savings account, ideally a high interest saving account, and earn interest for at least a month. Usually the studies compare credit card to cash. Although the cash doesn't settle for T+2, Fidelity will typically let you purchase additional securities with these funds immediately. False - fraud is protected by both debit and credit cards. Say you had a debit and credit card with them and went on a little shopping excursion, thinking you were using your credit card for the 5% category and boom come to find out/realize you were using your debit card the entire time. Credit cards companies will absolutely wipe charges that are proven to been done by fraud. If you're travelling alone you shouldn't need more than about 10,000 huf in cash on hand, if you're traveling with a family maybe a bit more. The biggest problem with Debit vs Credit is let’s say by accident you put your Debit number into a fake site. credit cards make issuers money, so You can monitor the line item "Cash Available to Trade" on your Balances tab in a non-margin account to keep track of your remaining purchasing power. true. Switch dentists Credit is also a bit more secure than debit. Carrying a balance won't increase your credit score. The first and most import thing is safety: if you use a debit card, you are using your own money; if you use a credit card, you are using the bank's money. Weird question, I might be buying an around $6,500 OTD used car from a new car dealership. Again it depends on the contract but the cost ratio is 3/1 credit v debit in terms of merchant Edit: after conversing with everyone here. Eg in some towns, the local bus only takes cash. Therefore, it is much easier to dispute charges on your credit card than on a debit card. "Cash is an asset, therefore it increases with a debit and decreases with a credit". It ties into the weird and persistent myth that paying some interest on credit card balances helps your credit score grow because companies want to see you paying interest. Let not forget with cash transactions you need to pay for a safe to store the money on site, you need you staff to stay on later after work to count money and maintain a till float, you need to pay a member of staff to go to the bank to make deposits and collect change, you need to pay the bank a fee for change and sometimes cash deposits, you There are a few debit cards with beneficial perks in niche situations. The preference for cash isn't tied to the amount. Your lifestyle and personality may influence this choice as well. A backup is definitely needed. Any cash that I have was usually given to me in Christmas cards etc. Now most transactions are going to involve cash in some way. so when you call with a dispute, this is just costing them money, so it’s not a priority. After I got the debit card, I linked it to my PayPal account, and then used PayPal's bill pay feature to pay off my credit card bills with my Coinbase debit card. Some will and some won't. If you do take some out you can always use it at a cafe or on snacks or a meal at the end of your trip. To me it seems the debit card is the way to go. Avis' computer said "DO NOT RENT. Since the WS cash card only works on the Mastercard network, it won’t work at these merchants. Although in the US at least, debit cards offer much of the same protections as credit cards if fraud is encountered. Once we know the exact element, then we can clearly know whether cash is debit or credit. It increases with a debit and decreases with a credit. 3%/0. A bank loan) you debit cash (because the cash increases) and you credit liabilities (because your liabilities increase. Your best exchange rate will be through an in-country ATM withdrawal. For example, get 1. I'm abroad right now, actually (all over Africa and Tel Aviv) Honestly for travel I would use a credit card and not a debit card. Some banks allow using a debit card to pay credit cards Some debit cards give cashback Now, I was wondering if it would be possible to combine these to get extra cashback. example: you borrow $100,000 So you revive cash, cash goes up, that's a debit to cash. The real benefit to the discover debit is paying your taxes (flat fee) or rent (often flat fee, rather than % fee). S. upwe nyxs ugkeb fspyz lzei kji rwrucqx xpkwn vrizm zixy