ATM cards, debit cards and credit cards can all look pretty similar, especially if you get them from the same financial institution.  So how are you supposed to know what makes one different from the other?  Below is a chart explaining some of the basic differences between these handy financial tools:

  How to Get a Card The Money You're Using Fees for Use Where You Can Use the Card
ATM Card Savings account elligible Withdraws money you have deposited into a savings, checking or money market (upon request);
no monthly bill
No fee to use unless at an ATM that does not belong to the issuing institution Typically, only at ATM machines
Debit Card Checking account elligible Typically withdraws from checking unless used at an ATM where it functions as an ATM Card;
no monthly bill

No fee to use unless at an ATM that does not belong to the issuing institution;
Some smaller vendors will charge a small fee

Any establishment that accepts the card's logo
(i.e. Visa, Mastercard)
Credit Card Elligibility determined via "loan" application and approval Draws up to a predetermined
loan amount;
monthly bill for repayment
of amount used
Different fees may be assessed depending on the credit card;
Interest almost always charged on loan balance
Any establishment that accepts the card's logo
(i.e. Visa, Mastercard)

Different financial institutions have different terms when it comes to these cards so make sure to ask any questions you have and understand what you're getting into before using any card.  Once you fully understand the tools you have your disposal, your financial life can become much more convenient!

Ask any RCU representative for details on the corresponding Redwood Credit Union options!