Comments on: Debit Card Dangers http://www.moneyunder30.com/debit-card-dangers Personal Finance for the Young and Ambitious Thu, 11 Mar 2010 20:07:47 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: John Magee http://www.moneyunder30.com/debit-card-dangers/comment-page-1#comment-3058 John Magee Mon, 28 Sep 2009 15:02:01 +0000 http://www.moneyunder30.com/?p=2844#comment-3058 Many of these points are very important to consider when shopping for a debit card - especially since they aren't true for all cards to the same extent. For example, I work at PerkStreet Financial (http://www.perkstreet.com), where we are soon launching a new debit card product that addresses some of the points you raise. - Fraud and Merchant Disputes: we have the Visa Zero Liability Policy - Fees: you can choose not to opt in for overdraft protection at account signup - Rewards: we offer 1% cash back or similar rewards in the form of coffee or music purchases at leading retailers So, as in all matters of finance, it pays to shop around, compare cards, and choose the one that is best for you. Many of these points are very important to consider when shopping for a debit card – especially since they aren’t true for all cards to the same extent.

For example, I work at PerkStreet Financial (http://www.perkstreet.com), where we are soon launching a new debit card product that addresses some of the points you raise.

- Fraud and Merchant Disputes: we have the Visa Zero Liability Policy

- Fees: you can choose not to opt in for overdraft protection at account signup

- Rewards: we offer 1% cash back or similar rewards in the form of coffee or music purchases at leading retailers

So, as in all matters of finance, it pays to shop around, compare cards, and choose the one that is best for you.

]]> By: John Hunter http://www.moneyunder30.com/debit-card-dangers/comment-page-1#comment-3046 John Hunter Sat, 26 Sep 2009 12:24:11 +0000 http://www.moneyunder30.com/?p=2844#comment-3046 I think is it better to use a credit card and pay off your balance. You get protection (fraud and issues with merchants) and free float of money until your bill comes. If you chose to use a debit card instead though you are right that keeping a cash cushion is wise. I think is it better to use a credit card and pay off your balance. You get protection (fraud and issues with merchants) and free float of money until your bill comes. If you chose to use a debit card instead though you are right that keeping a cash cushion is wise.

]]> By: Live for Improvement http://www.moneyunder30.com/debit-card-dangers/comment-page-1#comment-2986 Live for Improvement Thu, 24 Sep 2009 23:07:21 +0000 http://www.moneyunder30.com/?p=2844#comment-2986 I am an advocate for keeping credit cards at a zero balance, but not using them. I will sometimes use them as a pass through account for big ticket purchases, just to keep them active. But as soon as I make the purchase on the credit card I make a payment from my checking account to zero it back out. I am not disciplined enough for day to day use. -Dan Malone- I am an advocate for keeping credit cards at a zero balance, but not using them. I will sometimes use them as a pass through account for big ticket purchases, just to keep them active. But as soon as I make the purchase on the credit card I make a payment from my checking account to zero it back out. I am not disciplined enough for day to day use.

-Dan Malone-

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