Debit and Credit Cards

1. Debit and Credit Cards Use ‘em for all their worth

2. Tips to Help You • Save money • Maximize your return • A lot of the information is Marine FCU specific

3. Financial Success is what We want for YOU!

4. Debit Using a plastic check

5. PIN An immediate withdrawal Easier to keep track of your balance Merchants want you to PIN Sign for purchase Withdrawal in a few days Liability protection ScoreCard Rewards Monies come out of your checking

6. Keep track of your account balance • Write it down (checkbook transaction log) or another method that works for you • Keep receipts • Money management software • FinanceWorks within MFCU@Home is great

9. Checking your balance • Use our smart phone app • Check via MFCU@Home • Sign up for text messaging • Call us • Signed transactions are delayed and not all show up as pending • Take care – don’t spend money you don’t have

10. As a back upOverdraft Protection • In case of an “oops” O/D protection will save you money • Auto transfer from savings* • Auto transfer from a line of credit** • Auto transfer from overdraft line of credit** • Courtesy Pay – most expensive option*** • *limit of 6 per month ** interest charges ***see fees and charges

11. Transactions you don’t want to put on a debit card • Car rental • Airline tickets • Hotel reservations • Large amounts are placed on hold in your checking account. Money that can’t be spent for other stuff

12. Be very careful in restaurants • Your card may go off with the server – out of your sight • Hold amount may include a tip you didn’t authorize – especially if you leave a cash tip on the table

13. Maximize Your Return • Switch your checking to Bravo or Bravo Tunes • Higher dividends or iTunes credit • Up to $25 returned for ATM fees if account is in good standing • Use eStatements and a minimum of 10 debit transactions per month

14. And ScoreCard Rewards • Sign for your debit card transactions and earn rewards points • One point for every $2 spent • Purchase merchandise, movie tickets, car rentals, hotel accommodations…lots of good stuff

15. Debit wrap up • Very convenient (but always have a back up) • Keep careful tabs on your balance • Utilize Bravo • Sign for transactions • Don’t put your PIN on your card • Don’t let your card out of your sight

16. Credit Card • Convenient for purchases • Use a credit card for car rentals, airline tickets and hotel reservations

17. Credit Card Disadvantages • You are going into debt for purchases that are not adding to your wealth • Assets – Liabilities = Net Worth • Gas, groceries, eating out, clothes and shoes are NOT assets!

18. Maximize Your Return • Paying off balance every month will save you interest charges and your card becomes a great money management tool • If you carry a balance get the lowest interest rate you can qualify for • And pay more than the minimum balance • Pay on time as agreed – helps your credit score go up

19. Security Tips • Keep your card in sight • Sign the back of it • Report a lost, compromised or stolen card immediately* • Making purchases online? Be sure the site is secure and it is a reputable business • *Handouts contain contact numbers

20. More about ScoreCard Rewards • $1 spent on credit card earns you $1 in reward points • $2 spent on debit card earns $1 in reward points when you sign for the purchase (don’t use your PIN) • You can household points for more buying power • After 48 months points go away • Shop for items, travel accommodations, even movie tickets from Fandango • scorecardrewards.com

22. Cash Back Rewards • Funds credited directly to your VISA Score Card on April 1st • Account must be in good standing • See disclosure for cash back rates and interest

23. Contact Information • For MFCU Credit or Debit Card Department • 910-577-7333 or • 1-800-225-3967 • After hours lost or stolen credit card the phone number is 1-800-325-3678

24. To Summarize • Using plastic can be rewarding for you • But be careful • Questions?