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Author: MetroChick Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311070  
Subject: Re: Another reason to not use debit Date: 7/16/2012 10:46 AM
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I used my debit card almost exclusively a few years ago when I was paying off CC debt - IMO it was easier (and cheaper) to do that rather than put new charges on a CC that I would be charged interest on.

I also went back to using my debit card almost exclusively when I was shopping for a house, so that a monthly run-up in credit card useage that I knew I was going to pay in-full (but a mortgage company not necessarily know that) wouldn't look like "revolving" debt. But even at that time I used my cc for gas purchases, since gas stations typically put about a $75 "hold" on your account when you first swipe your card, since they don't know how much gas you're going to buy. Plus other than my bank's ATM, I don't like using outside card swipes for debt purchases - just seem easier for scammers to tamper with.

Obviously some crazy things can happen with either debit or cc purchases - but I'm not going to let one vast $85,000 outlier issue sway which meathod I want to use
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