That being said the debit card version is the one you get by default, and the credit card version is something you have to ask for separately.
- In the UK, Visa/Mastercard are the most common networks used for bank debit cards, using them pulls money from your bank account directly. Most banks give most adults (citation needed, but I think) a debit card by default with an account.
- In the UK, you can apply for credit cards from a number of companies, including banks (but it's a seperate to any bank account you might have with them), and credit card only companies. Different providers offer different types of cards, and the kind of deal you can get will depend on your credit history, salary, etc. They will (nearly always) have a credit limit, which could be a few hundred or could be very large. They will have a specific rule about minimum payments - some might want your balance paid in full each month, others will ask for a minimum payment (which could be a tiny percent of the amount owed) each month. If you pay in full, you don't get charged interest. If you take longer to pay, but within the agreed terms, you'll pay some sort of interest, which could be reasonable or extremely expensive depending on the card you have. Some cards offer benefits (points or cashback, maybe other perks like special deals, concierge services, etc.) while some are purely lines of credit with no other benefits.
- In France, I was given a Visa debit card when opening a standard bank account. No experience with French credit cards.
- In Belgium, if you want a card on the Visa/Mastercard networks, you need to get a credit card - most people use debit cards which use different networks (I think they use Maestro and another one..)
They basically don't exist here.
I have a small "CREDIT" label next to the chip of my new card and airlines (EasyJet, Ryanair...) now reject my card if I select the cheaper "Debit card" payment option.
In the US it collects points and cashback and you can magically go above the limit if you have money on your checking account. You have to do really really crazy stuff to get a transaction rejected. It gives you insurance for car rentals and concierge services for things I never considered.
In Europe I had a Visa and a MasterCard. No points, no cash back. Couldn’t go over the limit, forced to pay everything off every month. If you don’t, card is blocked.
In the US you can (often?) pay off as little as $25 on a massive CC debt and there’s a lot of interest on what you don’t pay off. I didn’t have any interest in Europe, it just stopped working if I didn’t pay it off next month.
From what I can tell, most Americans wouldn’t recognize my European Visa or MasterCard as a credit card. It behaves like a half step between debit and credit.
Are other cards in Europe closer to the American version?