Maybe some additional infos:
Prepaid and Debit are linked to the account as @Recchan described, while a Creditcard is a given Credit; each month you can use money up to the given Limit. After the monthly period, the Issuer will collect the used dept from your accounts or send you an invoiceâŚ
Not always true (about creditcards). Policy differs from bank to bank and country to country. In Latvia for example banks allow you to store your own money in credit cards account so you dont pay any interest at all. So border between debit/credit is really vague. There is also at least 1 local bank who in some cases issues credit cards without any credit limit
right. Forgot about that. Some German banks do the same. Which corrupts the âcreditâ-idea IMHO, but wellâŚ
So another âplusâ for the Debit: less confusion
But debit also can be with âoverdraftâ function
Overdraft is a form of credit! But the debit card still draws from your available balance (which includes credit)
UK bank Tandem is planning to launch a guaranteed credit card too. Linked to a savings account.
Itâs mainly for credit building, as it shows youâre making enough money to pay off your credit card bill!
To completely mess up things I just saw recently in some finnish bank website (cant remember where exactly) that they advertise credit/debit card 2in1. There was actual Mastercard (or visa, canât remember) in their site with credit/debit written on it. Crazy world.
Yup Fidor has the same itâs also written credit / debit on it. And If you want to pay with it the terminal asks you either which you wanna use
(Itâs a Mastercard & Maestro Card together)
Itâs a neat system since it reduces one card
This does need to be a true debit card for me to use this as my main account.
Isnât Revolut actually a Debit Card, even though it says Prepaid on the card? A stand alone prepaid card would not be linked to an account. If you lose the card your money is gone. That is obviously not the case here. If you lose your Revolut card your money is not lost. That is the big difference between a debit and a prepaid card. Or am I missing something?
You could already order a Maestro card, which is debit as well, but only usable in Europe, mostly, and not comparable to a M/V debit.
Yup itâs a debit prepaid card
I donât understand why you prefer prepaid over a bank account (without overdraft). They are virtually the same thing for your use case. In fact you can do more with a bank account than prepaid! Like faster bank transfers!
You can put in a small balance to the new Revolut bank account and wonât get charged or anything like that.
As I said, as long as you donât apply for an overdraft, thereâs virtually no difference.
Same point of view!
Revolut can leave the choice
you replied to the wrong guyâŚ
(I didnât ask for Maestro)
But If you recommend Maestro âdue to debitâ - just compare the Mastercard/Visa Debit-cards with maestro (or v-pay) and see my point
This makes no difference the underlying banking framework and the agreements in place would decide what Revolut accounts can do.
It sure is about time for Revolut to replace my prepaid debit Maestro and VISA with non-prepaid debit Maestro and VISA. I got non-prepaid Maestro and MasterCard with my N26 account and they are accepted almost always when Revolut isnât.
I just found out that Dutch customers will receive physical Revolut VISA debit cards when replacing current physical Revolut VISA prepaid debit cards. Virtual Revolut VISA prepaid debit cards turned out to be already upgraded to virtual Revolut debit cards. Thatâs great, Revolut!
Please do the same for physical Revolut Maestro prepaid debit cardsâŚ
How did you notice this? Different BIN number? Printed on the card?
Printed on the card:
Moderators: How long you need to approve my posts? It totally kills the forum experience.
Revolut support told me. I noticed Revolutâs virtual VISA cards had changed to debit cards and I asked when the physical cards will follow.