6 dangers of using a debit card

book12

http://uk.finance.yahoo.com/news/6-dangers-using-debit-card-yahoofinanceuk-1457504971.html

It says using a debit card won't boost your credit history. It doesn't anything about a debit card with overdraft... :think:

Dr_Cuckoo3

Using a debit card on an account with an overdraft does not improve your credit file and the account will report to the CRAs regardless of whether a debit card is used (not all banks report to CRAs in any event)


Most people I observed recently were using debit cards rather than credit cards at the supermarket

There have been posts on this forum from people who order groceries online using a debit card, the order is then cancelled and they have to wait for pending funds to be released before they can spend their money

People ordering goods from scam websites usually use a debit card judging by posts on mse

But they still use a debit card rather than a credit card

On occasion I have seen a self-service checkout accepting "cards only" , it seems that people would rather queue longer to use a checkout that accepts coins than use a card - or perhaps they do not have a card or do not use it for low transactions :idea:

There have been posts on the credit card forum from people whose credit cards have not been renewed due to not using them

I always pay by credit card :cool:

jimmyjim_uk

book12 wrote: »

http://uk.finance.yahoo.com/news/6-dangers-using-debit-card-yahoofinanceuk-1457504971.html

It says using a debit card won't boost your credit history. It doesn't anything about a debit card with overdraft... :think:

You could cut yourself with your debit card or someone could throw one at you and it could hit you between the legs. Very painful and dangerous.

chambta

They can also snap at cold temperatures when being used to clear ice from the car windscreen.

popxcore

be careful about putting it in your back pocket, forgetting about it and sitting down

i knew someone who did this and it snapped and cut his bum cheek :beer:

corbyboy

How is "won't build up your credit score" a danger of a debit card? A library card won't build up your credit score, but we don't call them dangerous do we?

The skimming argument is also counter-intuitive. Surely if you pay for everything by debit card then you won't need cash and therefore won't need to use ATMs, and won't be at risk of skimming?

I_know_my_ABC_and_my_CMYK

chambta wrote: »

They can also snap at cold temperatures when being used to clear ice from the car windscreen.

Also quite useful for scraping burnt bits off pans.:eek::D

moneysavingideas

The best idea that I've always found is to simply use your credit card like a debit card by setting up an automatic full payment from your savings account to your credit card on the due date every month.

this way you still get the interest free days and any rewards points, but don;t have to pay any interest on the purchases (provided that you hvae enough funds in your savings account) and don't have to worry about failing to pay by the due date on your credit card statement.

nzseries1

popxcore wrote: »

be careful about putting it in your back pocket, forgetting about it and sitting down

i knew someone who did this and it snapped and cut his bum cheek :beer:

I think that person needs to go to the "putting debit cards in your back pocket class". If you put it in flush with the pocket, rather than at a right angle, your friend will no longer encounter this problem!