NIR
Debit cards are used to make payments based on the money available in the account associated with the card. The amount is charged against the account at the time the purchase or cash withdrawal transaction takes place.
What is a debit card?
Example
In a mortgage loan, the monthly NIR is obtained by adding the margin applied by the bank to the euribor.
TIN = euribor (0.042% in January 2016) + margin (1.25%) = 1.292% NIR.
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Credit cards
Decide how you want to organize yourself, paying for your purchases the next month or in comfortable installments. -
Debit cards
Use only the money you have in your account, both for making purchases and for withdrawing cash at ATMs.
