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Originally Posted by mathjak107
they are really hoping you screw up counting those 10 transactions so you get nothing.
its two much work making and tracking 10 transactions each and every month and i wouldnt want to do it with a debit card anyway. there are much more disadvantages than a credit card.
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For most people, they make so many individual purchases each month, that they can easily reach the 10 without even paying attention. But if for any reason you don't reach the 10, you've lost nothing and you're no worse off than a regular checking account that never pays you any interest. You just start over again the next month. Also, if it's a Visa or Mastercard debit card, it's every bit as secure as a Visa or Mastercard credit card. You just have to be sure to run the card as a credit card, not a debit card. It's the PIN based "debit" or "ATM" transactions that can be dangerous.
Quote:
Originally Posted by mathjak107
rent a car with a debit card and they can reserve hundreds of dollars or more of your cash in the account until you return the car.same thing applys with lots of different things like renting a carpet cleaner.
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Then don't reserve or rent anything with your debit card. Use a credit card for that.
Quote:
Originally Posted by mathjak107
you can have quite a few transactions go on over draft without knowing it at 35.00 bucks a pop .
run a few transactions on vacation and that 35.00 dollar lunch you used the card for to try to get your 10 transactions can cost you 70 bucks . you may go to an atm on vacation and no money is available from your account.
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Well then I guess you have to do what all responsible adults have to do, which is make sure you don't spend more than what is in your checking account. Just like you have to make sure not to exceed your credit card limits. Both things carry similar fees.
Having a reward checking account does not make you more likely to be overdrawn on your account.
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Originally Posted by mathjak107
you have to read every word in that agreement to see what that cards policy is...
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so how is that different from any credit card?
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Originally Posted by mathjak107
with all the hacking going on i would not want to use anything with a pin unless i had to.
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You don't have to.
Quote:
Originally Posted by mathjak107
is all that worth 1% or less to you over your local bank??
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Reward checking accounts are making anywhere from 2-4% so I don't know where you're coming up with 1% or less and they can be found at many local banks and credit unions.