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Why does my new card have Mastercard and Interac logos on the front? Is it a debit card or a credit card?

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It's a debit card. Your new card has the Mastercard and Interac logos to highlight that you can make purchases at merchants that use these networks. Purchases made in-store in Canada are processed by Interac, whereas online and international purchases are processed by Mastercard. Purchases are paid directly from your personal chequing account.

† Simplii Financial personal banking services are provided by the direct banking division of CIBC. Banking services not available in Quebec.
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