By: MattJ
I use a rewards credit card for in-store transactions, unless I want cash back from the register, which many merchants will provide for free with purchase. I have several family members who simply...
View ArticleBy: aggressive saver
i use a credit card, as you say, because of the protection it offers, but i vaguely recall that you can use a debit card on the credit network — next time a cashier asks you whether the transaction is...
View ArticleBy: j.w.
Coming from a recent college grad…I never carry cash…only my debit card. It’s protected and gives me rewards just like a credit card. But unlike a credit card I’m not worried that I’m incurring my debt...
View ArticleBy: Lazy Man
I think debit cards are best used for people who have sworn off credit. No Credit Needed is like that. He can reserve rental cars and buy stuff over the Internet which he couldn’t do if he gave up...
View ArticleBy: Tim
depends on the debit card issuer concerning what protections you have. We get cash back and have the same protections as a credit card. I use debit for purchase up to $15 (I get 15cents every time I...
View ArticleBy: vh
This is really an interesting exchange on a subject that has always puzzled me. Considering the risks of fraud or robbery (having someone walk you to an ATM at gunpoint), carrying a debit or ATM card...
View ArticleBy: STB
I want to pay for groceries with money I have, rather than putting it on a credit card and risk incurring interest charges.
View ArticleBy: nancy
For the average person, debits are faster and no cash is needed. We are rapidly moving toward cashless at most transaction levels period. Debit uses your own money and doesn’t encourage the “mentality...
View ArticleBy: Dan
There are a lot of misconceptions regarding the safety of debit cards. Jim, I have responded to your post on my blog. With money management practices that we should all have anyway, such as making sure...
View ArticleBy: zh
Buying on a credit card makes my brain go, “wheeeee!” I would likely overspend and never think about paying it back (until later, when the bill came, and then I might forget to pay it). Debit card...
View ArticleBy: MMoyer2655
Everyone claims that there is so much risk involved in using credit cards. Eg double billing cycle, change the due dates, whatever. I have been using my citi dividends card for 3 years now and I have...
View ArticleBy: Matt
I’m now working on my finances after years of neglect. I currently have close to $10,000 in credit card debt that I’m trying to get rid of, spread over four cards, each earning 0% interest at the...
View ArticleBy: Sylver
Wow! American banks are sooooooo backwards!!!! I’ve been using a debit card ever since the first issue here in Europe and my account balance is definitely protected. Should I ever find that someone has...
View ArticleBy: 10s.Star
I am simply shocked by most of the posts. Until the rules change, I will continue to use credit cards(cc) over debit cards(dc). Here are my reasons why: 1) Currently, the rewards offered by CC are...
View ArticleBy: Pat Bartolomei
There is one simple reason to use a debit card rather than a credit card – stay out of debt. You can’t spend what you don’t have
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