Thread: Debit cards
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Old 10-17-2006, 11:39 AM
Elgin526 Elgin526 is offline
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Default Re: Debit cards

These are the reasons I only use my debit card to pay for gas and groceries, and to get cash out. I look at my account everyday online so I'd spot any fraud right away, and since my card is at the front of my wallet, I'd notice if it were missing right away (I buy a cup of coffee every morning and I'd spot it then). Even if my card was stolen and I didn't report it right away, the most I keep in there is $300, and I don't have it linked to my savings and I don't have overdraft protection. The worst they could do is get the $300, cause once that was gone it would just be declined.

Debit cards are convienant and do have advantages, but they aren't good for everything and one must understand how they work and keep on top of their accounts.
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