| Posted by | Message |
PhillyTide 
Alabama Fan
Philly
Member since Oct 2011
164 posts
| re: debit or credit (Posted on 11/30/12 at 2:22 pm to Will Cover)
quote:
I guess my wife and I are the only two exceptions to this "rule."
I'll bite. Why do you use debit instead of credit?
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Will Cover
Boise State Fan
Boise, ID
Member since Mar 2007
22585 posts
| re: debit or credit (Posted on 11/30/12 at 5:10 pm to PhillyTide)
quote:
Why do you use debit instead of credit?
I have one credit card that I use for gas only. I get 5 % back on my gas purchases.
Other than that, I'd rather pay cash (debit). I simply don't like having a bill at the end of the month. I also know that I will spend more if I use a credit card. In fact, most people do.
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TigerTatorTots 
LSU Fan
The Rec, Middle Courts- retired
Member since Jul 2009
58704 posts
| re: debit or credit (Posted on 11/30/12 at 10:17 pm to tigerdup07)
Credit you get reward points. A debit gets you nothing. You should only use a debit card if you cannot control your spending. No one should even own a credit card unless they plan on fully paying it off every single month (unless your interest rate is 0)
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Lou
LSU Fan
out here in the middle
Member since Aug 2005
6689 posts
| re: debit or credit (Posted on 11/30/12 at 10:25 pm to PhillyTide)
quote:
Credit offers more protection to the consumer.
That's not true. Visa/MC debit cards offer the same protection as credit. The disadvantage is - with debit you have to wait to get the money back, and with Credit you simply wait to have the obligation to pay removed. And on debit, if the fraudulent charge causes an NSF on a check you wrote, your bank may not waive that fee. As for disputing a purchase with a merchant, there is absolutely no difference whether you purchased with a Debit card or Credit card.
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Lou
LSU Fan
out here in the middle
Member since Aug 2005
6689 posts
| re: debit or credit (Posted on 11/30/12 at 10:38 pm to Will Cover)
quote:
I simply don't like having a bill at the end of the month. I also know that I will spend more if I use a credit card. In fact, most people do.
Back when I used credit cards routinely it seemed like I would have an idea in my mind how much my bill was, but when I would get the bill it would always be more. And it also made impulse purchases too easy to make - and given my personality that was dangerous. It's certainly not like that for all people, but it was for me, that's why I mainly pay cash for everything now. It just simplifies things for me.
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KG6
LSU Fan
Member since Aug 2009
660 posts
 Online
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(no message)
This post was edited on 12/4 at 9:54 am
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
116244 posts
| re: debit or credit (Posted on 12/1/12 at 1:54 pm to yellowfin)
quote:
I know Capital One will put the money back in your account while they investigate, that's what they did when I had to dispute a strip club charge
Yeah, I'm waiting on them to reimburse me since someone apparently made a duplicate debit card and went shopping at gap kids
I got drunk that day but not that drunk
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yellowfin 
Illinois Fan
Paige is Pretty
Member since May 2006
53038 posts
Online
| re: debit or credit (Posted on 12/1/12 at 3:23 pm to KG6)
quote:
So with this logic, I should drop my 2% interest checking account on up 20k (which actually just automatically deposits money into my account monthly instead o giving me points). In fact when I started the account it was 4%!
you should use it enough to get the good interest then put it up
and unless you are using it as a savings 2% doesn't amount to much
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