Yes! When using your debit card for an online purchase, your card is most often automatically run as a credit transaction; however, the payment transaction type (signature-based or other) is ultimately decided by the merchant and is based on how the transaction is transmitted at the time of processing.
Can I earn Cash Back on online purchases?
Additional Product Features FAQ
- How do I stop payment on a check?
- What is a signature-based purchase?
- How do I activate a new ATM/Debit card?
- How does early direct deposit work?
- What is the minimum balance to keep in my checking account?
- How do I earn interest on my personal checking account?
- How do I earn Cash Back with my Personal Checking account?
- How do I earn ATM rebates on my checking?
- Are there any fees for my checking account?
LendingClub Resources
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Related FAQ's
To earn interest on your checking account, you must maintain an average daily balance of $2,500 or more within the account.
LendingClub does not charge a fee to use another bank’s ATM.
The payment transaction type (signature-based or other) is ultimately decided by the merchant and is based on how the transaction is transmitted at the time of processing.
Once the minimum opening deposit is met, there is no monthly minimum balance requirement to maintain your account
Earning Cash Back with your Rewards Checking account is simple...
Related Glossary
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment.
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
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