For the layman, there are still many who think that credit and debit cards are the same type of card, when in fact different. Each type of card basically has the same function, namely to facilitate transactions for users without the need to bother to bring cash. But in fact, the characteristics of credit card and debit card is different, where the differences are:
1. Process of Making
To be able to have a credit card, you can directly make it through the bank or it could be through a third party for example through online, and others. In this credit card filing the user also does not need to have a bank account. Unlike the case with a debit card, where the user must create a bank account first. If you already have an account number, then the debit card facility can be obtained immediately.
2. Financing System
In using a credit card, there are several kinds of usage system applicable in accordance with the policy of the bank concerned. Usually if a card user using a credit card exceeds the limit limit nominal (over limit), it will be subject to penalties and interest costs. There are also other fees imposed if the card is used overseas. Meanwhile, the use of debit cards depends heavily on balances that exist in the user's savings account.
3. Benefits Received
Benefits offered by the credit card is usually the feature of discount shopping at a particular store, 0% interest repayments, cahsback, facilities at the airport, and point rewards. While the benefits of debit cards include ATM cash withdrawal at no cost, can make money transfers, and there are also promo-promo applicable in accordance with the policy of the bank concerned. In addition, unlike credit cards that usually have additional fees or administrative costs when making a cash withdrawal, debit cards do not impose a charge when users will make a cash withdrawal. Credit cards can also be used in making monthly bill payments, such as electricity bills, water, until online shopping by entering the numbers listed on the card. Unlike the debit card, which can only be used to shop online through ATM machines.
4. Security Level
For credit card security, if you only need a signature for the disbursement of funds, this time is accompanied by a pin number so more secure security. Similarly, debit cards, but see more debit card users than credit cards, then the security is more risky because many are eyeing the card.
5. Service Weaknesses
There are some disadvantages of credit cards, including high interest rates, cash with relatively expensive administrative fees, trigger consumptive life or likes to shop, the existence of annual fees. Meanwhile, the disadvantages of debit card are inconvenient because they have to go through the ATM machine if they are going to conduct online transactions, promo packages that are rarely spelled out, can not withdraw money beyond account balance, and there are also annual dues that apply according to the policy of the bank concerned.
Beware of the Security Side
From the description of the card specification both debit and credit above things to watch out for is the security side in using the card. Until now banks are still haunted by the emergence of banking crimes both targeting debit cards and credit cards, there are crimes that categorize white collar crime (White collar) with various modus operandi that is done from the forgery of documents, the issuance of L / C fictitious, Bank Guarantee Bodong and so forth. On the other hand the bank is now also preoccupied with the crime of bank burglary through ATM Card and Credit Card. This is of course in the end all losses must be borne by the bank or its customers. Here is a little knowledge about these banking crime modes, so it can remind us all to be on guard and always be alert.
ATM Card Debit Crime
The use of debit cards is limited only domestically, but the crime rate is equally sophisticated with credit cards ranging from counterfeiting ATM cards, in which the perpetrator creates a fake ATM card complete with a magnetic stripe that already contains record data from fake cards. In addition to falsifying the card the offender also knows the PIN number of the duplicated card. How can a culprit break into the card owner's ATM PIN?
The first mode of the perpetrator peeps at the victim from the back of the queue through the shoulder of the victim doing the transaction on the ATM machine, this can happen at places like the Mall or in the bank lobby where the ATM is open.
The second mode of culprits puts a small camera (Spycamera) and Card reader on an ATM machine to record data from magnetic stripe ATM cards, while a small hidden camera is used to peek or record the victim's PIN number when using ATM keypads unnoticed by ATM users. The card reader machine works. Currently this criminal method has been anticipated by installing the keypad cover on the ATM machine.
Third mode by cooperating with unscrupulous bank employees by making fictitious ATM card through customer account number that do not want ATM card. Usually these customers rarely transact so do not know if his account was plundered digital robber.
Credit Card Crime
Credit card crime is more sophisticated and complex because it has a wide network, to go abroad. In addition, the techniques and equipment and raw materials of counterfeit card makers in this network have been exchanging information and mutually buying and selling raw materials for counterfeiting even they can have a card-making machine called encoding machine data encoding on magnetic stripe card in accordance with the data recorded on the original card . The main mode used is through the theft of victim data in various ways such as:
Using skimming method that electronically records data on magnetic stripe. Data theft is mostly done by the perpetrator of the crime in stealing data and the number of the original credit card will entrust the Skimming at the Restaurant, hotel, Shop, or payment places with the terms of swipe by hiding SKIMMER under the table and doing twice rubbing without the knowledge of the card owner.
Another way is to install a kind of CHIP on the POS terminal (point of sale) which is a credit card swipe tool used for payment, at restaurants, shops, hotels, super markets, etc. to record the Information Card Verification Value (CVV) which has three digit numbers that serves as a security card credit.
Both Are Different, You Want to Choose Which?
Looking at the characteristics mentioned above can be said that the debit card and credit card is different. In addition, its use also depends on the needs of its users. If you better understand the things and settings of the financial system and understand the consequences, then the selection of credit cards be the right choice. Meanwhile, debit cards are more suitable for those of you who need settings more practical finances, without having to think about the consequences of debt or other bank interest.
Keyword : Differences, Credit Cards, Debit Cards, Threats
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