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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Suggest a card for me, please. Date:  11/13/2017  10:17 PM
Author:  aj485 Number:  312027 of 313065

Ff you do is a credit card even required. Just use the debit card linked to your checking account, there are several flavors of these that now also offer some type of cash back etc. This avoid any issues with missed payment, yearly fees, etc.

The cash back offered on debit cards comes nowhere near the 2% - 5.25% I get back on purchases with my 2 main credit cards.

Personally, I use a credit card but have been considering swapping it out for a debit card for some time.

Proceed with extreme caution if you do this. Debit cards may claim to have the same protections as credit cards, but those protections are required by law for credit cards, and only offered as a courtesy by the banks on debit cards. And if there is a problem with the debit card, it's your money at risk, while if there's a problem with a credit card, it's the bank's money at risk.

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