ST Alpha - "backboarding: why would anyone use debit if you can get rewards for credit? -- nm" (Reading a Post)

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Backboards:

Posts: 186

backboarding: why would anyone use debit if you can get rewards for credit? -- nm

Posted by peggy ann m (aka amanda) Sep 2 '14, 08:52

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Responses:

I like seeing the money disappear from my account as I spend it. - Dano Sep 2, 09:27 1
- I'm the reverse. I like seeing essentially one big bill for the month. Everything all at once. -- nm - volnelk Sep 2, 09:53
Credit card fees for the business can be huge up here. Debit is cheaper to use if not using cash.... - Walt_Disney Sep 2, 09:11 2
- however, debit is starting to cost businesses too... there has been a swing in some restaurants no longer taking debit, but having an ATM in the place - Andie Sep 2, 09:28
- yup. American Express is not accepted in alot of places here due to the rates they charge -- nm - Beaker Sep 2, 09:13
I stopped using debit when the bank started charging for using the card as a debit - JenBro Sep 2, 09:10
I use debt for local businesses to increase their profitability and credit for rewards for larger purchases -- nm - Capstern Sep 2, 08:59
It took me a while to trust myself to use credit responsibly - ty97 Sep 2, 08:58 1
- yep! this. -- nm - colin Sep 2, 08:59
Just dropped my Arrival+ because they wouldn't waive fee. Getting the United card with 50k bonus. - spamlet Sep 2, 08:56 1
- my thank you preferred is fee. I'll be switching to non-preferred as soon as I claim my Y2 rewards. $175 total for $500 worth of points? yeah, ok. -- nm - peggy ann m Sep 2, 09:11
I use credit to avoid inputting PIN number -- nm - budice Sep 2, 08:55 8
- Chip and PIN says "what?" -- nm - Reagen Sep 2, 09:07
- credit option on debit card -- nm - budice Sep 2, 08:58 6
  - I don't do CC on debit card because it takes - DAYS for it to post and I like to know my true balance -- nm - Epiphany Sep 2, 08:59 5
    - you should still always reconcile your bank statement to know your TRUE balance :) -- nm - Capstern Sep 2, 09:28 1
      - I love how you find pennies! :) -- nm - Epiphany Sep 2, 09:35
    - don't you sort of have it in your head? I mean, I have no idea what's in my checking account exactly but I could tell you within maybe $300. -- nm - peggy ann m Sep 2, 09:05 2
      - yes within probably a hundred. I'm financially wired very weird. -- nm - Epiphany Sep 2, 09:36
      - but! what I can tell you is how much will be in it at the end of the month after I pay all of my bills. -- nm - peggy ann m Sep 2, 09:06
Your credit history may be so crappy you can't get a credit card -- nm - amoxy Sep 2, 08:55 3
- This is my situation. No credit history, can't get a credit card. I use my debit card daily -- nm - Krusty Sep 2, 08:57 2
  - I use credit option even on debit card -- nm - budice Sep 2, 08:58 1
    - this -- nm - JenBro Sep 2, 09:10
I'll be honest, I am having a hard time transititioning to this mindset. - groiny Sep 2, 08:54 4
- you have to just treat your cards as cash. like, pay them every two weeks when you get paid instead of monthly. more accountability and no surprises. -- nm - peggy ann m Sep 2, 08:59 2
  - this is what we do -- nm - Beaker Sep 2, 08:59 1
    - I login every day to BoA (my main card) and at least every three days to my other cards. you just have to get into that rhythm. -- nm - peggy ann m Sep 2, 09:07
- I really think this is my problem too. I'm budgetless and what if I didn't have enough to pay them all off every month? -- nm - Epiphany Sep 2, 08:58
my local gas station offers a discount for debit. -- nm - loosi in the sky with diamonds Sep 2, 08:53

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