Cash back debit cards? Btw, the best way to avoid fees is joining a credit union if you are eligible. There are banks that now actually make more on fees than on loaning money. -PJM
db <[EMAIL PROTECTED]> wrote: 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 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 > > > ************************************************************************* > ** List info, subscription management, list rules, archives, privacy ** > ** policy, calmness, a member map, and more at http://www.cguys.org/ ** > ************************************************************************* > ************************************************************************* ** List info, subscription management, list rules, archives, privacy ** ** policy, calmness, a member map, and more at http://www.cguys.org/ ** ************************************************************************* Checkout One Laptop Per Child project laptop.org ************************************************************************* ** List info, subscription management, list rules, archives, privacy ** ** policy, calmness, a member map, and more at http://www.cguys.org/ ** *************************************************************************
