Which card to use?
Both cards have great features and offer convenience when making a purchase. But how do you choose the proper card?
These are used when you have the funds today, as cash is withdrawn from your checking account when a purchase is made.
- You are not liable for fraudulent charges; however, there are no charge-back rights such as those offered on a credit card. Care should be taken when using a check card online or for large purchases. Check cards should not be used to secure a hotel or rental car, as the merchant may place excessive holds on your checking account.
- Approval is based on your checking account balance-a hold is placed until the charge clears.
- Use this card for daily purchases such as groceries, gas, and other retail purchases.
- A check card can also be used at an ATM for cash withdrawals up to $400 per 24-hour period.
These are used when you want to pay for something later. You have a line of credit available to you and you can either pay in full or make monthly payments.
- You are not liable for unauthorized charges.
- MasterCard offers purchase protection and will assist you with merchant disputes and charge-backs.
- Credit cards are safe for online purchases when using a secure site.
- Use this card for small or large purchases or to secure a hotel or rental car.
- May be used at an ATM or a financial institution for cash advances. Interest is charged starting on the day of the advance.
NOTE: International Fees for MasterCard Check/Credit Transactions: Mastercard will impose a 3% fee for all international charges. This is not a Credit Union charge and is non-refundable.