Quote:
Originally Posted by Rick Lee
If you're not getting a discount for paying cash, then you might as well use a cc and get the points. You are paying the vendor's merchant fees to the cc company, because they are built into all prices. I would never use a debit card for anything but an ATM. Even then, I get my cash when paying at the grocery store, since it doesn't count as an ATM, so there are never fees. If your number gets swiped, your checking account can be cleaned out before you know it, and good luck getting that fixed. Fraud on a credit card is the cc company's problem. Cleaning out my immediate living expense cash from my checking account is my problem.
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Yep.
I have a debit card linked to a checking account that I keep a few hundred dollars in. This is also the account linked to my PayPal account. If I need some cash I can use it as an ATM card. If someone swipes the number or hacks my PayPal account I'm only out a few hundred dollars.
I had over $300 in it a few months ago and someone got the number. They spent all of the money and it took a couple of weeks and a personal visit to the bank to sign an affidavit that it wasn't me that ispent the money, but I did get my money back.
I would
never link a debit card to my primary checking account, from which I pay all my bills and which has thousands in it from time to time. If they had hacked my primary checking account I would be paying late fees on all my bills at a minimum, and I 'm not confident I would get my money back.