Differences between a credit card and a Mastercard debit card
What can you do with which card?
You probably associate the Mastercard brand with credit cards. But your new Mastercard debit card is not a credit card. It’s an ‘ordinary’ debit card. Payments are debited from your current account immediately, just as they are with your current debit card, so you won’t be using a credit facility or have to pay later.
Here are the differences
Making a purchase with insufficient balance
A credit card has a spending limit. So you can still make a purchase with your credit card, even if the balance in your bank account is insufficient. You’re actually buying an item on credit. The money you spend when paying by credit card is debited from your bank account once a month. You can’t spend more than your spending limit in any one month.
This is not possible with your new Mastercard debit card. In other words, you can’t spend money if it’s not in your account. This is because payments are debited from your current account immediately.
When the amount is debited
If you use a credit card, you’ll get a bill at the end of the month, showing all your credit card payments. You pay this in one go. If you use a Mastercard debit card, the amounts you spend are debited from your current account as you spend them.
Your purchases are insured
All purchases you make with a credit card are insured against theft, loss and damage for 180 days. Purchases made with a Mastercard debit card are not insured.
Fee for withdrawing money from an ATM
If you withdraw cash from an ATM using a credit card, you will be charged a fee. If you withdraw cash from an ATM using your debit card, you will not be charged a fee.
When do I need a credit card?
A credit card is ideal for anyone who prefers to pay for purchases in retrospect, on a monthly basis, and wants their purchases to be insured for damage, loss or theft for the first 180 days. It’s also handy if you regularly book hotels or hire cars.
The differences in a nutshell
ABN AMRO debit card
Extra monthly fees: €0.00
- Worldwide shopping, online and in store
- Pay with Apple Pay and Google Pay
ABN AMRO Credit Card
Extra monthly fees: €2.15
- Worldwide shopping, online and in store
- Pay with Apple Pay
- Almost all your purchases are insured, online and in store
- Deferred payment with no interest
- Deposit not debited from your account right away
- Additional insurance when travelling
Pay securely with your new debit card
Shop and pay online securely with your new debit card. You may sometimes have to approve your payment first in the ABN AMRO app.
Setting up recurring payments with your debit card
Pay your favourite apps, streaming subscription or meal delivery service with your debit card. With a recurring payment, you no longer have to worry about it.