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I can't remember the last time I did. I usually know what I need for the week (gas/laundry/"allowance") and take it when I deposit my check, and anything else like groceries, I use my debit (as credit).
I never really think of people depositing checks any more on a regular basis. So much is direct deposit these days.
That's what I do but then I hear both that it does and doesn't offer the same protection as a regular credit card.
And honestly, no one EVER checks the signature. Mine is signed and says "see picture ID" but in all the years I've had it I can count on one hand the times that a cashier actually looked on the back. And I thank the ones who do that.
Interesting, when I worked at the bank we were taught that if someone came to us for a cash advance on their credit card, that the card must be signed or we must politely decline to do the transaction. I doubt that is every bank's policy, but we couldn't have done it.
That's what I do but then I hear both that it does and doesn't offer the same protection as a regular credit card.
And honestly, no one EVER checks the signature. Mine is signed and says "see picture ID" but in all the years I've had it I can count on one hand the times that a cashier actually looked on the back. And I thank the ones who do that.
Also, it may be that a Department store may do things differently than a bank, I can't say. We even had people try and get cash advance from credit cards which were expired! We also required a driver's license, and if it were expired I couldn't complete the transaction. I find it amazing that people are so careless about keeping those type of things up to date. But I never really thought about it until working at a bank.
I'm sure banks are much different than department stores, but I am talking about stores. No one ever looks at my card and on the very rare occassion the cashier does, I let them know I appreciate that.
I think this is spin by the financial industry to try and put pressure on the feds to not cap the amount of interchange fees or to raise the cap. It makes a lot more sense to tighten up their fraud strategies to proactively to prevent fraud than it is to place such low limits on all debit card transactions. It is also important to remember that all cards have a limit which is controlled by the bank so it's unlikely that the same limit would apply to everyone across the board.
Yea, except for the limit which you call to get lifted...
SO much disinformation...
Hey, if you want to make it easier for thieves to potentially lift cash directly out of your account, then be my guest! Everyone knows debit cards are less secure than credit cards.
Seriously, people... can we all just use credit cards and have the basic grown-up discipline to only charge what we need and can afford to them - and then pay it off in full each month? It's really not that hard.
Hey, if you want to make it easier for thieves to potentially lift cash directly out of your account, then be my guest! Everyone knows debit cards are less secure than credit cards.
Seriously, people... can we all just use credit cards and have the basic grown-up discipline to only charge what we need and can afford to them - and then pay it off in full each month? It's really not that hard.
What about people who can't approved for a credit card?
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Everyone knows debit cards are less secure than credit cards.
