- Centurion Member
- Posts: 195
- Joined: Mon Oct 29, 2012 2:50 pm
- Location: Boston
I'll go as far as saying using an online bank or debit card for online purchases as stupid.
#1. If you get scammed, good luck getting your cash back from your bank. Most banks offer little protection for debit purchases and it if you do get YOUR money back it will take some time.
#2. Your money is the one being put at risk paying with debit. Using a credit card (and paying in full) you are using the BANK'S money.
#3. Companies like Amex have purchase protection. Comes in handy when needed.
I have five debit cards (Local bank, RTN FCU, CCCU, NFCU, DCU) and I only use one to withdraw cash from an ATM on the rare transactions I do with cash.
NFCU NavCheck: $15,000/NFCU Platinum: $11,500/NFCU nRewards: $8,000
Chase Freedom: $6,500/Chase Slate: $6,000/CSP: $5,000/Marriott Rewards Primier: $5,000/United MileagePlus Explorer: $5,000/Southwest Primier: $3,000
Citi Hilton HHonors: $9,700/Citi Simplicity: $8,200/Citi Forward: $5,500
AMEX Blue Cash Everyday: $8,000/SPG AMEX: $5,000/AMEX Everyday: $5,000/AMEX Delta Skymiles Platinum: $3,400
Discover IT: $7,700
Barclay's NFL Extra Points (Carolina Panthers): $5,000
DCU Platinum: $3,000
RTN FCU CC: $2,000
CCCU Platinum Rewards Visa: $2,000
Current total limit: $129,500