What's the Difference Between These Three Types of Cards?

  • December 14, 2023

What’s the Difference?

Debit Cards

Funds are withdrawn from your checking account. Purchases can take a few days to go through; usually a hold is placed on the money until it is processed. Best for: sticking to a budget.

Click here to learn more about Monterra Credit Union checking accounts. 

Credit Cards

Funds are borrowed, and you must pay back your balance within a certain amount of time or you’ll be charged interest. Best for: earning rewards, fraud and purchase protection.

Click here to learn more about Monterra Credit Union credit card options.

Secured Credit Cards

Funds are secured by a linked account giving you access to a line of credit in case of emergency or anytime you need while helping you build your credit. Best for: building credit, sticking to a budget, first time credit card users.

Click here to learn more about Monterra Credit Union’s Visa Secured Credit Card.