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#1
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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. |
#2
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![]() 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? |
#3
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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 |
#4
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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. |
#5
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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 |
#6
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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. |
#7
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In article ,
John Harlow wrote: 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? For many, well at least me, it's just easier. I don't buy things that I can't afford (with the expetion of school loans and my car, which is paid for now btw). I prefer to pay cash for everything, but I don't like to carry that much cash on me, and I don't know how much to carry on me for certain trips. I could write checks, but not every place takes checks and I don't like waiting for checks to clear. I'm a nerd, so I've got a calculator watch and keep my 'spending money' in checking. When I use my debit visa I just subtract that out of my watch, instant balanced account ![]() the bill off each money (again lazy/easier). There's something to be said for having a real credit card in case of an 'accident/emergency' but truth be told it's never really happened and I get by. |
#8
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For many, well at least me, it's just easier. I don't buy things
that I can't afford (with the expetion of school loans and my car, which is paid for now btw). I prefer to pay cash for everything, Set yourself up with an auto debit VISA and get many more benefits at no cost. |
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