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Message
re: debit or credit
Posted on 11/30/12 at 2:22 pm to Will Cover
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?
1
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.
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)
Posted on 11/30/12 at 10:25 pm to PhillyTide
quote: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.
Credit offers more protection to the consumer.
Posted on 11/30/12 at 10:38 pm to Will Cover
quote: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.
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.
Posted on 12/1/12 at 7:45 am to TheHiddenFlask
(no message)
This post was edited on 12/4/12 at 9:54 am
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
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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