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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Poll: Credit Score Date:  11/21/2014  5:52 PM
Author:  joelcorley Number:  308842 of 312987


You wrote, I consider debit cards too dangerous to use. I hadn't gotten around to making my Debit card an ATM only card. Last week I made a mistake and used it. It will be an ATM card only by Monday.

I would point out that you are technically taking the debit card fraud risks on even if you only use a debit card as an ATM card. That's because if someone manages to get your account number, they can clone your card ... or just use it online, PIN or no PIN. Having an ATM-only card ensures that only ATMs can access your account, which limits your exposure.

Of course not using the card limits how the card number could be exposed; but even if you never use it there are ways the number could be stolen, unlikely as they might be...

- Joel
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