Credit or Debit? It’s a familiar question from the store clerk when you pull out a plastic card to make a purchase. Either way, when you use your TSB Debit MasterCard, the money comes directly out of your checking account. Here’s why you should choose a PEN and sign for your transaction:
- Credit protects you from identity theft. Any time you enter your PIN, you risk becoming the victim of a “shoulder surfer,” or someone who looks over your shoulder and sees the number you enter. By signing, your PIN number cannot be seen.
- Credit gives you the ability to dispute charges. Choosing credit makes it easier to reverse the charges if you get into a dispute with a merchant or vendor. Unauthorized transactions should always be reported immediately.
- Credit also shields you from liability. If someone uses a stolen debit card to drain your account you are protect by choosing credit.
- Cash Back Rewards! Texas State Bank pays cash back rewards on debit card purchases that you sign for. Once a month you will receive a deposit to your account for the qualifying transactions. No enrollment is necessary to receive Cash Back Rewards(Minumum reward amount paid is $2.50). Choose credit and sign your name to start earning extra cash on the items that you normally purchase.
Remember to tell the merchant credit or hit the cancel button. Many merchants automatically bring you to the PIN screen, so instead of entering your PIN, hit the cancel button and it will give you the option of credit.
Only use your PIN when requesting cash back from a merchant or at an ATM.