topic Re: Debit Or Credit Card? in Community Chat

Debit Or Credit Card?

CherryHugs — Sun, 06 Aug 2023 22:44:38 GMT

So recently Ive been hearing more about debit cards.

Do any of you use a debit card? Is it better than a credit card?

Is there any negatives?

Wondering too...can you use a debit card for any purchases?

Re: Debit Or Credit Card?

Love my grandkids — Sun, 06 Aug 2023 22:46:31 GMT

@CherryHugs I'm 75 and have used from the day they were available. I only use it at the grocery store or Costco. NEVER used it for car repairs or any other kinds of purchases.

My bank covers any fraud or loss on my DEBIT or CREDIT card. I would never pay for any online purchase with a debit card as if you have a problem with a return I understand it's almost impossible to get your money back or file a despute.

Re: Debit Or Credit Card?

RedTop — Sun, 06 Aug 2023 22:46:43 GMT

I use both.

Re: Debit Or Credit Card?

Danky2 — Sun, 06 Aug 2023 22:59:55 GMT

You can use them for everything but, bear in mind, if you don't have a lot of money to cover your purchase it is IMMEDIATELY taken from your checking account...I never write checks anymore, except for the taxes...monthly bills I pay with a debit card.

Re: Debit Or Credit Card?

SilleeMee — Sun, 06 Aug 2023 23:14:36 GMT

I don't have a need to use debit card mostly for getting cash from an ATM. I never carry cash anyways so I only use a cc.

Re: Debit Or Credit Card?

kaydee50 — Sun, 06 Aug 2023 23:18:45 GMT

I only use a debit card at the ATM. Otherwise, a credit card and never cash. A credit card gives some leaway in when the item has to be paid. A debit card takes the money from the checking account right away. Unless there's a problem controlling credit card spending, I see no reason to use a debit card to pay for items.

Re: Debit Or Credit Card?

tansy — Sun, 06 Aug 2023 23:19:26 GMT

After my debit card was breached several times, I no longer have one.

Re: Debit Or Credit Card?

Tinkrbl44 — Sun, 06 Aug 2023 23:36:16 GMT

@CherryHugs wrote:
So recently Ive been hearing more about debit cards.

Do any of you use a debit card? Is it better than a credit card?
Is there any negatives?

Wondering too...can you use a debit card for any purchases?

@CherryHugs

Google your question and see what comes up.

To be safe, I only use a credit card for purchases. Easy to buy and return items, and if used fraudulently used, the company doesn't make you pay.

I only use my debit card in the bank, at the ATM. If compromised, it is linked to your checking account and they can drain it before you even know there's a problem. The bank is NOT obligated to replace what's stolen from your checking account. It's gone.

So, yes, BIG difference. HTH

Re: Debit Or Credit Card?

CelticCrafter — Sun, 06 Aug 2023 23:44:12 GMT

We don't have debit cards, we never did.

Re: Debit Or Credit Card?

occasionalrain — Sun, 06 Aug 2023 23:49:25 GMT

I never use a debit card for two reasons.

I don't want a direct link to my bank accounts.

Since I pay off my ccs every month, I get cash back, aka free money. This quarter Discover pays 5% back at gas stations, next quarter it's 5% at grocery stores.

Re: Debit Or Credit Card?

gidgetgh — Sun, 06 Aug 2023 23:55:48 GMT

I have a debit card, but haven't used it in years. I use my Discover card for the points and pay it in full each month.

I just don't like the whole debit card attached to my checking account thing and me using it everywhere for random purchases, small or large. I used one for years with no issues, but then stopped and haven't missed it at all.

And I always have cash with me. I don't see cash as the evil monster that some people do.

Re: Debit Or Credit Card?

gidgetgh — Sun, 06 Aug 2023 23:54:59 GMT

@tansy wrote:
After my debit card was breached several times, I no longer have one.

@tansy - and the thought of that possibly happening is why I stopped using mine.

Re: Debit Or Credit Card?

JeanLouiseFinch — Sun, 06 Aug 2023 23:55:10 GMT

I carry some cash, but we mostly pay for things using a credit card since it pays us a sizable rebate every year. We carefully keep track of our budget and spending so we pay the statement balance in full each month and avoid interest. I still pay a few things by paper check. Personally, I don't like debit cards.

Re: Debit Or Credit Card?

drizzellla — Mon, 07 Aug 2023 00:00:00 GMT

I find I use my debt card alot more now because I have to have cash.

It seems like every restaurant has a surcharge for using a credit card or no longer accept credit cards. So I have to have cash when I eat out.

But if I am making purchases, I will use a credit card.

Re: Debit Or Credit Card?

ValuSkr — Mon, 07 Aug 2023 00:06:16 GMT

Please: do not use a debit card for purchases. Despite what they say, and despite the banks constantly encouraging you to use your debit card, credit cards are safer.

Re: Debit Or Credit Card?

shoesnbags — Mon, 07 Aug 2023 00:07:05 GMT

@CherryHugs

As some others have said, I only use my debit card to get cash from my bank ATM. With all of the theft and fraud that's around today, I'm not comfortable using something directly linked to my bank account. I use credit cards for most things and pay off the balance every month.

Re: Debit Or Credit Card?

icezeus — Mon, 07 Aug 2023 00:32:56 GMT

I have a debit card with the visa symbol so I can use it how I wish. It's a case by case basis for me. However, most of the time I am using it as a visa card.

If it's a large purchase then I will use an actual credit card.

Several years ago my card was compromised a handful of times at gas stations which is why I now stick to Costco due to their safety protocol for their stations. I have had no further issues. I also check my checking account online almost every day. The three times that my card was compromised. I contacted the bank, I was immediately refunded the money while they did their investigation, so it really does depend on your comfort level.

I would recommend contacting your bank to see what their policies are.

Re: Debit Or Credit Card?

Mombo1 — Mon, 07 Aug 2023 00:33:47 GMT

@gidgetgh wrote:
@tansy wrote:
After my debit card was breached several times, I no longer have one.

@tansy - and the thought of that possibly happening is why I stopped using mine.

@gidgetgh @tansy I gave up my debit card years ago. It was also breached a few times. I only use a credit card or cash. I don't use an ATM either. I write a check for cash at my bank and this works best for me.

Re: Debit Or Credit Card?

Etoile308 — Mon, 07 Aug 2023 00:36:29 GMT

I'm another that uses a credit card for almost everything, then pay it off in full each month. I like the rewards that accumulate for using the credit card.

Whether using a credit card or debit the money comes out of the same checking account, so why not get rewarded for using the credit card?

I do use my debit at my bank's ATM for cash once a month. I like having money on me. As already stated, some restaurants give a discount for using cash. My favorite Chinese restaurant does.

Also like having cash on me because my church festivals, fish fries, bake sales prefer it. Also for emergencies. Last week had AAA jump start my car, easy to give her a tip.

Re: Debit Or Credit Card?

bargainsgirl — Mon, 07 Aug 2023 00:43:09 GMT

We have never used a bank debit card. We use a credit card for just about everything and then pay off the balance each month.