Thanks for the explanation Betty.
Yes, my CC gives me cash back... not my debit card.
Although I used to use my CC for foreign travel/ cash, I have been using
my debit card more recently because the fees are lower. Thus my
interest in your comments.
Your points are good ones ... and have given me pause. thanks.
dan
b_s-wilk wrote:
db <[EMAIL PROTECTED]> escribió:
> What debit card risk are you referring to? If you lose it/ have it
stolen?
Dan,
When you use a debit card, it takes money directly from your bank
account. If someone watches while you get cash at an ATM, they can get
your PIN. There are ways they can rig ATMs to steal your card. You
could be robbed on your way out of a store after someone near the
register watched you input your PIN. Unlike debit cards, credit cards
don't require PINs for store purchases but they're also checked
through a database. You're as likely to lose money with a debit card
online too, since the money is transferred from your bank account
without the buffer of a credit card provider that is required to
provide some theft protection by law. It's $50 max liability for
credit cards, and $500 max for debit cards--big difference.
My cards have been stolen, my account numbers have been compromised. I
didn't lose any money. Debit card holders don't have the same level of
protection. I also view my online accounts between billing statements
to see if there are any unfamiliar purchases [that my husband didn't
make]. A few years ago we returned from a holiday overseas and
discovered that about $1000 had been charged at home on an account
while we were away. You never know when or where your accounts will be
compromised so we . We didn't pay anything on that account due to
theft and aided in locating the thief.
I also don't know of any debit cards that pay cash back since my
Wilmington Savings Fund Society card stopped paying 3-5%. Are there
any cash back debit cards left? All my credit cards pay me up to 5% to
use them. Do yours?
Betty
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