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MetalliMyers
Administrator
A Pompous Ass
Location: LV-426
Joined: 3/12/2009
Post Count: 1723
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Date Posted: 6/27/2011 9:08:09 AM Subject: Why you shouldn't use a debit card for certain things (Lifehacker.com)
http://lifehacker.com/5815138/why-you-shouldnt-use-a-debit-card-when-paying-for-a-hotel-or-rental-car
When you're asked for your credit card before renting a car or checking in at the hotel, they're not just taking an imprint. Travel expert Peter Greenberg points out that, more often than not, a hold is being placed on your available balance for the entire estimated bill. While this can be fine for credit cards, it's a bigger problem with debit.
I use a credit card for pretty much everything. It's also best to use a credit card when making online purchases. While it is generally pretty safe to buy stuff online, you're liability is more limited with a credit card than a debit card. If you need to dispute a charge with a credit card, you haven't lost any money yet. The same isn't true with a debit card.
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Matt
Level 3 Wizard
Hey, I show my BALLS in gym class.
Location: Chester WV
Joined: 3/18/2009
Post Count: 322
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Date Posted: 6/27/2011 9:24:51 AM Subject:
Same here I use my credit card for almost everything I buy.
People ask the question... what's a RocknRolla? And I tell 'em - it's not about drums, drugs, and hospital drips, oh no. There's more there than that, my friend. We all like a bit of the good life - some the money, some the drugs, others the sex game, the glamour, or the fame. But a RocknRolla, oh, he's different. Why? Because a real RocknRolla wants the fucking lot.
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edwedgewood
Master Wizard
I <3 wizards in general
Location: Parts Unknown
Joined: 3/14/2009
Post Count: 1142
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Date Posted: 6/27/2011 11:53:19 AM Subject:
I paid our hotels with my debit card to pay up front and I asked them to allow me to pay our incidentals through cash so they couldn't put a major hold on my debit card. I usually only use cash when I go on vacation because I dont want to overspend or have any crazy holds or fees that maybe hidden. When I am home I almost exclusively use my debit card though. I only use my credit card for emergencies now.
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MetalliMyers
Administrator
A Pompous Ass
Location: LV-426
Joined: 3/12/2009
Post Count: 1723
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Date Posted: 6/27/2011 11:58:16 AM Subject:
Paying incidentals with cash has the same drawbacks as using a debit card. Basically it ties up your cash and you have almost no recourse to get it back if things go wrong.
If you use a credit card for this stuff, often times the credit card company will do the arguing for you and you haven't lost any cash at that point. Ultimately, you still have to pay the credit card company if things to work out, but in my opinion, you have a better chance for a good outcome. You also get rewards for purchases on credit cards, which you don't get with cash and debit cards.
I guess it comes down to personal preference, but there are pros and cons to consider.
Post Edited on 6/27/2011 11:59:31 AM
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TechnoBeaver
Master Wizard
I've never seen a movie before
Location: Greenwich, CT
Joined: 9/9/2010
Post Count: 1223
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Date Posted: 6/27/2011 12:29:47 PM Subject:
I go with Am Ex's cashback card at all times except where it's not taken ~ which is few and far between. When a place doesn't accept Am Ex, I go with the debit (Visa).
BTW ~ by using it everywhere, I get about $1,000 - $1,200 cashback per year. So do yourself a favor and get an Am Ex.
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