Signature for Debit Cards
When paying with your debit card, there are two options:
- Swipe your debit card at Point-of-Sale (POS) terminal then enter a personal identification number (PIN)
- Swipe your debit card at Point-of-sale (POS) terminal then SIGN a receipt without entering a PIN.
Some experts recommend that debit card users opt for the "CREDIT" selection. Here are two reasons:
- Peace of Mind. By choosing "CREDIT", you are protected under Mastercard Zero Liability Protection. Fraud monitoring service for transactions with merchants and at the ATM, and MasterCard SecureCode™ for secure online shopping with select merchants.
- Earn more rewards . With our Debit rewards program, you earn more reward points for signature transactions. When you enter your PIN for your purchase, you’ll earn 1 point for every $5 spent (e.g. if you spend $10, you’ll earn 2 points). When you sign for your purchase, you’ll earn 1 point for every $2 spent (e.g. if you spend $10, you’ll earn 5 points)
You usually have an option to use a PIN to authorize your purchase OR you can sign the sales receipt – just as you would with a credit card. Even on point-of-sale terminals that automatically bring up a screen asking for your PIN, you can still choose "CREDIT" and sign to authorize your transaction (even though you will not actually be using credit; the money will still come out of your checking account).