Posted by Scott in SoCal on July 5, 2009, 1:40 am
>If you pay with a debit card then that means you have the money to
>pay. So if you had any sense you would be using a dividend credit
>card that gives you cash back. Most people could easily get 2% of
>what they spend back in cash.
In addition, if your credit card gets stolen, you're not liable for
unauthorized purchaes beyond some token amount (and even that is often
waived). With a VISA-logo debit card, a thief could clean out your
bank account before you even noticed your card was missing, creating a
cascade of bounced payments and the accompanying fees. You'll spend
weeks of aggravation straightening that mess out.
Posted by krw on July 5, 2009, 1:06 pm
On Sat, 04 Jul 2009 22:40:39 -0700, Scott in SoCal
>>If you pay with a debit card then that means you have the money to
>>pay. So if you had any sense you would be using a dividend credit
>>card that gives you cash back. Most people could easily get 2% of
>>what they spend back in cash.
>In addition, if your credit card gets stolen, you're not liable for
>unauthorized purchaes beyond some token amount (and even that is often
>waived). With a VISA-logo debit card, a thief could clean out your
>bank account before you even noticed your card was missing, creating a
>cascade of bounced payments and the accompanying fees. You'll spend
>weeks of aggravation straightening that mess out.
With a VISA-logo debit card you're still not liable, after a token
amount (if that), but you will still spend the weeks of aggravation. A
check is really no different.
Posted by Scott in SoCal on July 5, 2009, 6:36 pm
>On Sat, 04 Jul 2009 22:40:39 -0700, Scott in SoCal
>>
>>>If you pay with a debit card then that means you have the money to
>>>pay. So if you had any sense you would be using a dividend credit
>>>card that gives you cash back. Most people could easily get 2% of
>>>what they spend back in cash.
>>
>>In addition, if your credit card gets stolen, you're not liable for
>>unauthorized purchaes beyond some token amount (and even that is often
>>waived). With a VISA-logo debit card, a thief could clean out your
>>bank account before you even noticed your card was missing, creating a
>>cascade of bounced payments and the accompanying fees. You'll spend
>>weeks of aggravation straightening that mess out.
>With a VISA-logo debit card you're still not liable, after a token
>amount (if that), but you will still spend the weeks of aggravation.
Which is, of course, the worst part.
>A check is really no different.
To me it seems a little harder to find someone to cash a forged check
than it is to get someone to accept a stolen VISA check card. Also,
unless they steal your entire checkbook, they only get one shot at
cleaning you out; with the check card if one place rejects it they can
keep trying.
Posted by krw on July 5, 2009, 9:26 pm
On Sun, 05 Jul 2009 15:36:56 -0700, Scott in SoCal
>>On Sat, 04 Jul 2009 22:40:39 -0700, Scott in SoCal
>>
>>>
>>>>If you pay with a debit card then that means you have the money to
>>>>pay. So if you had any sense you would be using a dividend credit
>>>>card that gives you cash back. Most people could easily get 2% of
>>>>what they spend back in cash.
>>>
>>>In addition, if your credit card gets stolen, you're not liable for
>>>unauthorized purchaes beyond some token amount (and even that is often
>>>waived). With a VISA-logo debit card, a thief could clean out your
>>>bank account before you even noticed your card was missing, creating a
>>>cascade of bounced payments and the accompanying fees. You'll spend
>>>weeks of aggravation straightening that mess out.
>>
>>With a VISA-logo debit card you're still not liable, after a token
>>amount (if that), but you will still spend the weeks of aggravation.
>Which is, of course, the worst part.
Indeed. That's the part to concentrate on then.
>>A check is really no different.
>To me it seems a little harder to find someone to cash a forged check
>than it is to get someone to accept a stolen VISA check card. Also,
>unless they steal your entire checkbook, they only get one shot at
>cleaning you out; with the check card if one place rejects it they can
>keep trying.
With Check-21 (and in fact long before that) it's not hard at all, and
as many shots as needed.
Posted by pbj on July 5, 2009, 5:08 pm
On Sat, 04 Jul 2009 12:31:47 -0700, God's Debris wrote:
> It's a real mystery to me that anyone would use a debit card when it has
> so many drawbacks and when using a credit card has so many advantages.
Agreed. And even people with bad credit, or people like myself who
refuse to go into debt unless their life depends on it, can easily get a
secured credit card, enjoy the advantages, and yet owe no one.
> The common thing people tell me when I ask them "why" is that if they
> had a credit card they would spend money they don't have but with a
> debit card they can't overspend. Well, if you are so weak willed that
> such a claim is true I really feel sorry for you.
If such a claim is true then they're only human - and smart enough to
recognize it.
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>pay. So if you had any sense you would be using a dividend credit
>card that gives you cash back. Most people could easily get 2% of
>what they spend back in cash.