I also have a savings account. My bank has a offer that you sign up
and use you debit card and they will transfer the change to your
savings account and my bank transfers money every month to my savings
I saved $6.40 already this month so far.

I also have a savings account. My bank has a offer that you sign up
and use you debit card

karsan2007@gmail.com> wrote in message
news:06811baa-8690-41ab-8b99-b4cf2f1a60ed@w39g2000prb.googlegroups.com
...

I also have a savings account. My bank has a offer that you sign up
and use you debit card

I don't understand the point of a debit card. Why not use a credit
card and use someone else's money for a month? If you have the money
to pay for whatever anyway, you'll pay the balance in full at the end
of the month, so there's no interest charge. Use some kind of rewards
card and get additional benefit(s).

I don't understand the point of a debit card. Why not use a credit card and
use someone else's money for a month? If you have the money to pay for
whatever anyway, you'll pay the balance in full at the end of the month, so
there's no interest charge. Use some kind of rewards card and get additional
benefit(s).

Elizabeth Richardson

I don't understand the point of a debit card. Why not use a credit card and
use someone else's money for a month? If you have the money to pay for
whatever anyway, you'll pay the balance in full at the end of the month, so
there's no interest charge. Use some kind of rewards card and get additional
benefit(s).

I also have a savings account. My bank has a offer that you sign up
and use you debit card

I don't understand the point of a debit card. Why not use a credit card and
use someone else's money for a month? If you have the money to pay for
whatever anyway, you'll pay the balance in full at the end of the month, so
there's no interest charge. Use some kind of rewards card and get additional
benefit(s).


There is a gas chain near me, Arco, that has about the cheapest gas on a

Of course, I agree with you. But every time I bring this up, almost
exactly as you did, I find people quoting the likes of Dave Ramsey,
"responsible use of credit cards doesn't exist."

Not to mention, how
do you reserve a hotel room or car when traveling without a CC?

I totally agree with you. Now if I could get my Reward Points
"rewards" w/o jumping through PITA hoops, my life would be serene.

joetaxpayer wrote:


Of course, I agree with you. But every time I bring this up, almost
exactly as you did, I find people quoting the likes of Dave Ramsey,
"responsible use of credit cards doesn't exist."

People are entitled to their opinions, but those are just that.
opinions.

Not to mention, how
do you reserve a hotel room or car when traveling without a CC?

Debit cards can be used for such purposes, I believe. I recently rented
a car online, and there was a choice for debit cards. As I recall,
there would be extra steps if one went that route, but as I was using
Discover I didn't investigate.

In article <6gm699Fglnr2U1@mid.individual.net>,
"Default User" <defaultuserbr@yahoo.com> wrote:

joetaxpayer wrote:

Dave Ramsey, "responsible use of credit cards doesn't exist."

People are entitled to their opinions, but those are just that.
opinions.

There are facts to back up that opinion, however. Ramsey often
quotes a study that shows that people spend considerably more
when using a credit card as opposed to when spending cash.

I know
that I do, and I am much more frugal when using cash.

We also
see record levels of bankruptcy and foreclosure, which means
that many people are having problems managing their finances.

A credit card is a tool. It can be a high risk tool in some
hands, and a low risk tool in the hands of other people. Just
like you shouldn't run a chop saw without a bit of training, you
shouldn't be using credit cards if you cannot control your spending.

In article <6gm699Fglnr2U1@mid.individual.net>,
"Default User" <defaultuserbr@yahoo.com> wrote:


joetaxpayer wrote:



Of course, I agree with you. But every time I bring this up, almost
exactly as you did, I find people quoting the likes of Dave Ramsey,
"responsible use of credit cards doesn't exist."

People are entitled to their opinions, but those are just that.
opinions.


There are facts to back up that opinion, however. Ramsey often
quotes a study that shows that people spend considerably more
when using a credit card as opposed to when spending cash. I know
that I do, and I am much more frugal when using cash. We also
see record levels of bankruptcy and foreclosure, which means
that many people are having problems managing their finances.

A credit card is a tool. It can be a high risk tool in some
hands, and a low risk tool in the hands of other people. Just
like you shouldn't run a chop saw without a bit of training, you
shouldn't be using credit cards if you cannot control your spending.

You are right, John. I think Elizabeth (I hope I am not attributing a
thought she didn't mean to imply) and I were both thinking that if one has
the cash to use a debit card, they may already have the discipline to
spend only what they will pay at month's end.

For those who can handle their finances (that's all of us here, right?)
that's the best policy. I use my cards for everything I reasonably can.
Besides the cash back, you get a list of your monthly expenditures.

Chip wrote:

I totally agree with you. Now if I could get my Reward Points
"rewards" w/o jumping through PITA hoops, my life would be serene.

What card do you have, and what hoops?


Visa Platinum from my local Credit Union @6.9% w/no annual fee. Pay it

Debit cards can be used for such purposes, I believe. I recently rented
a car online, and there was a choice for debit cards. As I recall,
there would be extra steps if one went that route, but as I was using
Discover I didn't investigate.

Default User wrote:
Chip wrote:

I totally agree with you. Now if I could get my Reward Points
"rewards" w/o jumping through PITA hoops, my life would be serene.

What card do you have, and what hoops?


Visa Platinum from my local Credit Union @6.9% w/no annual fee. Pay
it off every month.

We usually use the Reward Points for air travel (just used it for my
50th HS Reunion). It is restricted [remainder snipped]

I know someone who has trouble managing a credit card. By using a debit
card,
they make sure they stay out of trouble. It's a mind game, but whatever
works...

The "keep the savings" program exacerbates this problem by drawing more cash
out of the checking account, increasing the risk of bounced checks - though
the transferred cash isn't even being spent!

Mark Freeland
nNeEwTs@nyc.rr.com

The Citicard I use has a reward point system.
I get gift cards because I don't want to spend time figuring out if the
merchandise is a good deal. I'd just rather have $50 card for gas or
Target or whatever. Discover just has cash, and you can also get
bonuses when you use it to buy from their stable of "partners".