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Credit Approval for Visa Debit Cards

Answered by: 

Question: 
Is it acceptable for a bank to require its customers to apply for and be credit-approved for a Visa debit card, even though the customer is not receiving a credit line of any kind?
Answer: 

Yes.

Editor's Note: When debit cards were initially being offered many financial institutions completed loan underwriting on the requests for a card. With stand-in provisions, lending guidelines were prudent. There haven't been many problems reported and most issuers now base the decision on the current relationship. Also, this is an acceptable tying practice, relating these products to one another.

First published on BankersOnline.com 11/30/09

First published on 11/30/2009

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