AOPA credit card --- WARNING.

On Tue, 07 Dec 2004 22:10:54 -0500, Janet wrote:

That is another big disadvantage to using debit cards, especially if it causes
you to bounce checks even though there is bank physically in the account but it
is effectively locked until the hold expires.

I've never understood why anyone would use a debit card. (Europeans do
this all the time, which right away ought to put you on guard!)

Somebody lifts my wallet and runs out to buy a new plasma TV with the
card they find.

Credit card: I tell Visa, "Fraudelent transaction! Deal with it!" No
problem whatever.

Debit card: I beg the bank not to bounce the checks I've written at
$25 per bounce as long as my checking account is empty. Meanwhile I
can't get any cash at the ATM. Very bad scene.

When my bank issued me a "MasterMoney" card in lieu of the old ATM
card, I made them take it back and provide me with a downmarket card
such as they issue to the students with twenty bucks' balance. I just
don't like the idea of a card in existence that could empty out my
account when used without a PIN.


all the best -- Dan Ford
email: (put Cubdriver in subject line)

Warbird's Forum www.warbirdforum.com
Piper Cub Forum www.pipercubforum.com
the blog www.danford.net

In article ,
Cub Driver wrote:

When my bank issued me a "MasterMoney" card in lieu of the old ATM
card, I made them take it back and provide me with a downmarket card
such as they issue to the students with twenty bucks' balance. I just
don't like the idea of a card in existence that could empty out my
account when used without a PIN.

I wouldn't either. But a debit card requires the PIN.

--
Bob Noel

Bob Noel wrote:

In article ,
Cub Driver wrote:

When my bank issued me a "MasterMoney" card in lieu of the old ATM
card, I made them take it back and provide me with a downmarket card
such as they issue to the students with twenty bucks' balance. I just
don't like the idea of a card in existence that could empty out my
account when used without a PIN.

I wouldn't either. But a debit card requires the PIN.

Not necessarily true. A debit card in online mode requires a PIN. If your
debit card allows offline debit transactions (e.g. it has a Visa or M/C
logo on the front) there is no PIN required for your card (or just the
numbers) to be used to clean out your checking account [and more if you
have overdraft protection].

Sure, maybe you can get all the fraud sorted out later with that no-fraud
guarantee, but in the meantime your checks are bouncing, you can't
withdrawl your money, the people who you gave checks to are upset and are
going to charge you fees + add you to black lists, and you need to spend a
lot of time taking care of this. The no-fraud guarantee isn't going to
help you with *that.*

On Mon, 13 Dec 2004 11:52:59 GMT, Bob Noel
wrote:

account when used without a PIN.

I wouldn't either. But a debit card requires the PIN.

No, it doesn't. You can sign a charge sheet, just as with a credit
card. That's what's so scary about debit cards.

all the best -- Dan Ford
email: (put Cubdriver in subject line)

Warbird's Forum www.warbirdforum.com
Piper Cub Forum www.pipercubforum.com
the blog www.danford.net

On Mon, 13 Dec 2004 05:22:54 -0500, Cub Driver
wrote:

When my bank issued me a "MasterMoney" card in lieu of the old ATM
card, I made them take it back and provide me with a downmarket card
such as they issue to the students with twenty bucks' balance. I just
don't like the idea of a card in existence that could empty out my
account when used without a PIN.

Actually, w/o PIN they could only buy up to your max purchase
limit/day (my bank defaults at $2500). If you were concerned about
it, yet wanted the utility of a check card, you could ask the bank to
set a lower per-day purchase limit on the card.

Actually, w/o PIN they could only buy up to your max purchase
limit/day (my bank defaults at $2500). If you were concerned about
it, yet wanted the utility of a check card, you could ask the bank to
set a lower per-day purchase limit on the card.

What is the utility of a check card over that of a credit card?

In article ,
"John Harlow" wrote:

What is the utility of a check card over that of a credit card?

No check to pay to the credit card company and no interest
payment rip-offs by the credit card company.

--
Bob Noel

No check to pay to the credit card company and no interest
payment rip-offs by the credit card company.

An auto-payment credit card has neither of those, plus you get free money
for 30 days, fraud protection, extended warranties, rental coverage and cash
back. I have no idea still why anyone would ever use a debit card.

On Mon, 13 Dec 2004 11:20:27 -0500, "John Harlow"
wrote:

No check to pay to the credit card company and no interest
payment rip-offs by the credit card company.

An auto-payment credit card has neither of those, plus you get free money
for 30 days, fraud protection, extended warranties, rental coverage and cash
back. I have no idea still why anyone would ever use a debit card.

And frequent-flier miles! I average a trip a year on FF miles from
credit cards, most recently skiing in Aspen CO.

(On the return to Boston, I was in Economy Plus, which I have never
achieved when paying for the ticket!)


all the best -- Dan Ford
email: (put Cubdriver in subject line)

Warbird's Forum www.warbirdforum.com
Piper Cub Forum www.pipercubforum.com
the blog www.danford.net

Bob Noel wrote:

In article ,
"John Harlow" wrote:

What is the utility of a check card over that of a credit card?

No check to pay to the credit card company and no interest
payment rip-offs by the credit card company.

I've never seen a mainstream credit card company that charged interest
when the full balance is paid off every month on time. If you request,
the credit card company can directly pay your full balance automatically
on the due date each month via EFT from your bank account.

You then have all of the benefits of a credit card (no cleaned out
checking account/bounced checks if there is card fraud, full dispute
rights, 30+ day 0% interest, rewards etc) with your stated advantages of
a debit card.