Does anyone still use their debit cards?

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Scoobynoodles
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Does anyone still use their debit cards?

Postby Scoobynoodles » Sat Jan 19, 2013 11:13 pm

Aside from having checks deposited and getting cash when needed, are there any other uses for debit cards/checking accounts? Rarely do I pay for anything with a debit card and on occasion do use cash. I primarily charge everything to my credit cards to get my rewards, points & convenience.

After the debit card changes stemming from the financial crisis back in 2010-2011, banks don't offer the rewards on them anymore leaving me to solely use my credit cards. I only use my DC to get cash and all my CC's are linked to my checking account.

Curious to hear your thoughts.


Money card
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Postby Money card » Thu Jan 24, 2013 10:02 pm

some banks do offer points for using your debit card, my banker was explaining to me that if you sign up you can get points Td bank is the bank. a Capital1 banker told me you can also get points using your debit card.

to answer your question I never used a debit card until a about a year ago. I would only use it if I was traveling by plane or train, I don't want to carry 200.00 or so dollars through the airport , but when I get to my destination when having lunch let's say at Burger king, popeyes ect
I don't want to use my credit cards for 7.00 or so, then I would use my debit card to get cash out of the td bank atm or I would purchase
something at cvs then ask for cash back. I like to use cash alot but for other purchases I use credit cards.

sakhalin
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Postby sakhalin » Thu Jan 24, 2013 10:05 pm

Nope, I never use my debit card for purchases. Maybe only when I *really* need cash and I don't have time for an ATM and just get cash back from the transaction.

But I always keep both of my debit cards in my wallet for cash purposes.
AMEX BCE ($20,000), Citi Forward ($4,800), Discover IT ($3,750), BoA Travel Rewards ($1,800)


ilikeme1
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Postby ilikeme1 » Thu Jan 24, 2013 10:21 pm

I only use them for deposits and withdraws from ATM's.
Wallet:
AMEX BCP: 9K (2012) (every day expenses, gas, groceries, department stores)
AMEX Zync: NPSL (2011) (large expenses)
AMEX Costco: 4k (2013) (Costco, gas, and restaurants)
Discover IT: 5K (2010)
PenFed Plat Rewards Visa: 3K (2012) (Gas, Target)
USAA Plat MC: 7K (2010) (everyday expenses, places that do not take Amex or Discover)
US Bank Cash+: 7K (2012)
Target REDCard 3k (2013)

kcarter609
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Postby kcarter609 » Thu Jan 24, 2013 10:27 pm

I got rid of debit cards and went to ATM only cards.

http://creditcardforum.com/credit-card-fraud/5626-mad-fraudulent-charge-mad.html - read this and you'll see why debit cards are a very bad idea.

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

sakhalin
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Postby sakhalin » Thu Jan 24, 2013 10:45 pm

kcarter609 wrote:I got rid of debit cards and went to ATM only cards.

http://creditcardforum.com/credit-card-fraud/5626-mad-fraudulent-charge-mad.html - read this and you'll see why debit cards are a very bad idea.

Hmm, I might do the same thing. I am very self-conscious about someone having direct access to my checking account. The only reason I keep my debit cards in my wallet is for ATM use; I might as well use ATM cards instead and keep the debit in the drawer.
AMEX BCE ($20,000), Citi Forward ($4,800), Discover IT ($3,750), BoA Travel Rewards ($1,800)

Robrus1
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Postby Robrus1 » Fri Jan 25, 2013 7:50 am

I don't carry my debit card on me unless I will need cash on a particular day, which is rare, but otherwise I use credit for everything. My spending patterns aren't any different, and I don't feel more likely to spend more than I have carrying credit over debit, so I stick to credit. I like purchase protection and not worrying about someone stealing my actual money out of my account, or a merchant taking more than they should, etc. Also, I like to earn points to put toward vacations, and I can't do that with debit. I pay all my credit cards twice a month online.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K


Randiesel75
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Postby Randiesel75 » Fri Jan 25, 2013 8:07 am

Good advice. I do the same, only carry the debit card when I know it's needed.

kcarter609
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Postby kcarter609 » Fri Jan 25, 2013 8:39 am

Robrus1 wrote:I don't carry my debit card on me unless I will need cash on a particular day, which is rare, but otherwise I use credit for everything. My spending patterns aren't any different, and I don't feel more likely to spend more than I have carrying credit over debit, so I stick to credit. I like purchase protection and not worrying about someone stealing my actual money out of my account, or a merchant taking more than they should, etc. Also, I like to earn points to put toward vacations, and I can't do that with debit. I pay all my credit cards twice a month online.


Randiesel75 wrote:Good advice. I do the same, only carry the debit card when I know it's needed.


So if you do that, why not just get an ATM only card like I did? The withdrawal limits are the same, and it only works in an ATM with your PIN number. That way there is ZERO chance of it getting stolen and used for any purchases.

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

FutureBillionaire
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Postby FutureBillionaire » Fri Jan 25, 2013 10:15 am

Only for cash. It used to get points, but Suntrust stopped it.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape



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