Wise Wise Debit Card Usage Flashcards

On weekends, why might a Wise currency conversion cost slightly more than on a weekday?

Answer: Forex markets are closed on weekends, so Wise adds a small buffer to the mid-market rate to cover risk

Because currency markets are closed on weekends, Wise applies a small additional buffer to the mid-market rate to protect against rate movements when markets reopen.

If you need to change your Wise card PIN, how can you do it?

Answer: Through the Wise app and/or at an ATM

You can change your Wise card PIN either through the Wise app or at a compatible ATM.

What is the primary purpose of Wise's real-time transaction notifications?

Answer: To let you immediately spot unauthorized transactions and freeze your card if needed

Instant push notifications alert you the moment a transaction occurs so you can quickly identify and respond to unauthorized activity.

Which of the following transaction types is the Wise debit card NOT designed for?

Answer: Earning credit card rewards points and cashback

Wise is a debit card, not a credit card, so it does not offer rewards points, miles, or cashback programs.

When making a purchase in a foreign currency at a store that shows prices in USD, what rate is applied?

Answer: Wise's mid-market rate at the time of the transaction plus applicable conversion fee

Wise applies the mid-market rate at the time of the transaction along with any applicable conversion fee when spending in a foreign currency.

What does Wise's 'card details' screen in the app allow you to do if you think your CVV has been compromised?

Answer: Order a new physical card with a new number through the app

If your card details are compromised, you can order a new physical card with a new number directly through the Wise app.

Which of the following best explains how Wise determines which currency balance to debit first during a foreign currency purchase?

Answer: It debits the matching local currency balance first; if unavailable, it auto-converts from another balance

Wise first checks if you hold the transaction currency; if you do, it debits that balance directly; otherwise, it converts from another available balance.