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Debit Card Meaning. From this digit it can be inferred that whether the card. A debit card is a card made up of plastic issued by a bank to make a payment for the purchase of goods or services at any time.
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What Is a Debit Card. A debit card is linked to ones checking account and can be used anywhere credit cards are permitted. This account will not show up on your credit reports and it will have no effect on your credit scores.
Debit card - a card usually plastic that enables the holder to withdraw money or to have the cost of purchases charged directly to the holders bank account magnetic stripe - a short strip of magnetic tape attached to a credit card or debit card.
They do this by placing a hold on the amount of the purchase. It contains data that will tell a reading device who you are and what your account number is etc. A debit card is defined as a payment card that draws money directly from your checking account. A card like a credit card by which money may be withdrawn or the cost of purchases paid directly from the holders.
