- Centurion Member
- Posts: 875
- Joined: Thu Apr 30, 2009 2:32 pm
- Location: Texas
1. if merchant gives discount for cash/debit, like my liquor store down the street does. (It's a 5% discount. They're allowed to do this; they're just not allowed to charge more for credit transactions.)
2. to manage spending.
Otherwise, the security, rewards and other card benefits (buyer protection/extended warranties, etc.) are vastly superior with a credit card, not to mention that you get the float.
I have three debit cards for different checking/savings accounts and I NEVER carry them (except when I'm going to the liquor store). On one of the cards I got the bank to deactivate the signature-only transaction function to enhance security. The other two banks wouldn't do this. However, one of them (Chase) gave me a plain-vanilla ATM card to use while the other two refused to do this. Debit cards scare me, in case you couldn't tell.
I've read where many people have said whenever they've had a problem with a debit card their bank quickly corrected it/replenished the money, whatever. I just don't understand why you would risk it. When you buy with CC, you keep the money in your pocket until everything is hunky-dory.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).
*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.