What is the diferrence between Money Order, check, Check Card and Credit card? I saw on the Check Card, it has the same VISA logo as Credit Card. But how I can not use it as the Credit Card. How can I dentify the Credit Card and the check card?
2006-06-30 13:27:01 · 3 answers · asked by yukiphong2006 1 in Business & Finance ➔ Credit
OK, in your order.
Money order: A negotiable document for which you pay cash in the full amount plus a fee to the issuer. You can get these at some grocery stores or quick stops.
Check: A negotiable instrument that you can write from your check book, issued by your bank and will be honored by the bank, withdrawn from your account on presentation to your bank.
CheckCard: Usually a visa card with the words printed on the face of the card, "Check Card". This is used as an ATM card, whereby you can draw cash from an ATM machine. The cash is deducted immediately from your account. This can also be used to make purchases like cash and is immediatly deducted from your account. Sometimes called a Debit Card, you must have a PIN, secret access code.
Credit card: This is just that, Credit. You can pay over time.
If your card is printed, Check Card, this IS NOT a credit card. you may apply for a Credit Card at your bank.
2006-06-30 13:48:42 · answer #1 · answered by ed 7 · 0⤊ 0⤋
money order is a insturment you get for cash , so you can pay a bill thru the mail or send to someone, a check is basically the same thing except you have money in bank to cover what you write to pay a bill or retalier. check card is a card that takes money from your checking acct when you use it, instantanously. A credit card is a card u use that extends the credit to u for a period of time, you pay off when you want but normally carries a big interest rate, a loan for a better lack of term there is no way to determine the difference only the holder knows. the check card will be denied if the acct. is lacking funds where the credit card will charge up to a preset limit..
2006-06-30 13:38:10 · answer #2 · answered by feeln17 3 · 0⤊ 0⤋
check card comes right out of your account, credit is billed and paid monthly, money orders are paid for when you buy them and a check is posted to your account after the person recieves it and deposits it in the bank
You can use the check card as a credit card, but it's still taken out of your acct immediately. so you'd better have the money available.
2006-06-30 13:32:00 · answer #3 · answered by Anonymous · 0⤊ 0⤋