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Why do debit card companies want you to slide your debit as a credit card?

I signed up for this chase extras promotion crap. And apparently, to gain points, I can only swipe my debit card as a credit, in order to get points.

Why is this the case, and why do so many credit/debit companies encourage you to swipe your DEBIT card as a credit card and sign?

Thanks, all answers are appreciated.

Because when you use a credit card, the merchant has to pay a fee, which is usually 3% to the bank. So...this way the bank makes more $.

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Written by admin

December 22nd, 2009 at 8:07 pm

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