Does anyone still use their debit cards?

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cashback
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Postby cashback » Sun May 26, 2013 11:36 am

benhollberg wrote:I never really ever used a debit card, ever. So tell me if I got this right, if someone fraudulently uses your debit card then they can drain your account and you'll be responsible? So basically you are liable for all charges on your debit card? I don't even carry my debit card anywhere, it's in a safe at my place, but I do believe that my credit union credit card will give me access to my account through an ATM if I ever need cash.


If you report a fraudulent charge within 7 days (i think), then you are only responsible for $40 of the charge.
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Postby Gamma » Sun May 26, 2013 11:30 pm

So last Wednesday I used my BoA debit card after not using it for a looooooong time and only because I had a cashback deal if I made a purchase at Autozone with my debit or credit card (i don't carry their credit card.) After using my debit card, I was surprised with the option of getting cashback. Completely forgot about this nice little feature for using debit cards. I went ahead and got 20 cashback bringing my total about 50 bucks. I got the notification today that my 5% cashback deal is pending in the amount of $2.50. I was surprised they counted my cashback as part of the transaction total. Lesson learned here, take the maximum amount of cashback possible for next purchase!

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Postby Luxe » Mon May 27, 2013 4:28 am

The Schwab Bank debit card has premium benefits. It is a Visa Platinum debit card, yet better than basic Platinum credit cards, and has benefits that do not come with all Signature cards. One of the benefits is price protection: for certain categories of items, Visa will credit you the difference if you find a print ad that has a lower price than you paid. This card also reimburses all ATM fees including international ones, which makes me very pleased to work with Schwab. It is not a rewards card, but for certain transactions it is worth forgoing 1-2% cash back and pulling out the debit card instead.

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Terry
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Postby Terry » Mon May 27, 2013 8:55 am

Scoobynoodles wrote: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.



The only use I have for my debit card is ATM deposits. All monthly expenses are placed on a rewards credit card and then paid in full a few days before current statement closing date.
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t528491
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Postby t528491 » Thu May 30, 2013 10:36 am

Luxe wrote:One of the benefits is price protection: for certain categories of items, Visa will credit you the difference if you find a print ad that has a lower price than you paid. This card also reimburses all ATM fees including international ones, which makes me very pleased to work with Schwab. It is not a rewards card, but for certain transactions it is worth forgoing 1-2% cash back and pulling out the debit card instead.

Huh, I have a Schwab debit card, and I didn't even know that. I've only been using it for ATM withdrawals and nothing else. Maybe I'll have to rethink my strategy for certain purchases.
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Postby nvtech » Mon Jun 03, 2013 2:26 pm

I have not yet used but might be using it with a bank of america deal sometime. My checking account is just filled with Transfers, Bill Pay and few ATM withdrawals.

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Postby gmonox » Thu Jun 13, 2013 12:22 pm

I have two debit cards, one with a credit union and the other with a bank. My CU card I don't carry around because I mostly only use that account for monthly bills, and usually don't need a debit card for that (ACH transactions). I carry around my bank debit card. I get push notifications whenever it's used and can deactivate/reactivate the card whenever I want using my phone or computer though, so that makes me feel a bit better. Although I won't be happy if my debit card and phone get stolen at the same time :P
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Postby mdl28 » Thu Jun 13, 2013 3:16 pm

The only reason I started using mine is because my type of checking account is a high interest bearing account at 3.25% for anything to 10k and .60% there after. But there must be 10 debit transactions per month to qualify. Before this account I rarely used my debit card.
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Postby ForumPheen » Fri Jun 21, 2013 10:47 pm

Until recently, all I had to use was just that, a debit card. Now I have the option of a prepaid and an unsecured card, but I found myself still using the debit all week!

I mainly use my debit to deposit cash, but I use the mobile check deposit option and just take a snapshot of any checks I have to deposit, and when I'm at a register, I get cashback.

This is going to take a while getting used to, what with not having to use the debit anymore. A LOT getting used to.

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Postby MemberSince99 » Sat Jun 22, 2013 10:56 am

I really don't understand why you guys, who honestly know better and have other options, play with fire by using your debit cards. You know the risks of doing that. Is some one time bonus worth getting your account drained over and all that hassle? I mean it's a couple of dollars and you would have gotten something using a credit card too and not had the risk to go with it.

I mean if the crooks understand that part of human nature that will gamble thousands on a buck, we're in real trouble I guess.



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