Quote:
Originally Posted by KC911
I cancelled my Visa CC that I'd had through my CU for a dozen years a long time ago. The CU had "sold" it to a service provider....
Recieved a notice from the provider that they would no longer offer protection for online purchases, or for transactions more than 150 miles away from the cards mailing address  .
I was on the phone to cancel it immediately....never replaced. I just use my debit...have for 7-8 years now, and don't keep a bundle in checking... |
Unless your debit card is a zero liability card all you've accomplished is cancelling a credit card that had reduced protections in favor of a debit card which at best has equal reduced protections but more likely even less protections than the CC you cancelled.
Net net, you are probably in a more vulnerable position now than if you'd kept and used that CC.