Final answer:
Using your debit card and selecting the credit option does not mean funds are instantly deducted; the transaction is processed like a credit card, with funds usually deducted within a few days. Debit cards let you spend directly from your bank account, whereas credit cards are short-term loans from the card issuer.
Step-by-step explanation:
When you use your debit card and select the credit option, it does not mean the funds will automatically be deducted from your account immediately. Instead, the transaction may be processed through the credit card network, and the funds may be deducted within a few days, similar to how credit card transactions are handled.
Debit cards allow you to transfer money electronically when making a purchase, directly accessing the money from your checking or savings account. They are distinct from credit cards, which provide a short-term loan that you are obligated to repay, typically at the end of a monthly billing cycle. Therefore, although your debit card might have a credit card company's logo, such as Visa or Mastercard, and can be processed as credit, it is still tied directly to your bank account, and the funds are withdrawn from there after the bank processes the transaction.
In contrast, when using a credit card, the funds are immediately transferred from the credit card company's account to the seller, and you owe the money back to the credit card company. A credit card thus represents a short-term loan from the lender to you.