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Established Contributor
Posts: 715
Registered: ‎08-26-2011
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Re: My debit card gets no more love

I'm still using my debit card 98% of the time. Smiley Sad

 

I'm about 2-3 months away from a real rewards card. I dream of the day when I get a prime rewards card to use for every thing.

Transunion: 713 FICO (5/13/2014) MyFico
Experian: 789 FICO (4/10/12) Lender Pull
Equifax: 695 FICO (1/10/14) MyFico

My cards: Chase United Mileage Plus 7000CL (3/12), CITI Simplicity 1800CL (9/12), Cap1 Platinum 1000CL (2/10), Cap1 Cash back 1500CL (11/11), Apple Barclay's 2500CL (11/11), Discover IT 6000CL (5/13)

My Primary Financial Goal is to put down my utl%.



Valued Contributor
Posts: 2,982
Registered: ‎02-09-2012
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Re: My debit card gets no more love

[ Edited ]

mAndrew1980 wrote:

I'm still using my debit card 98% of the time. Smiley Sad

 

I'm about 2-3 months away from a real rewards card. I dream of the day when I get a prime rewards card to use for every thing.


You and me both.  As it stands now, I have to rely on the GF good credit and her use of her own plat amex to fly my sorry around.

5/2012: 560 credit scores across the board and $500 secured CC
12/2014: 750+ scores across the board and $80k in revolving credit

Get those baddies removed!!!
Frequent Contributor
Posts: 449
Registered: ‎02-21-2009
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Re: My debit card gets no more love


LilloEsquilo wrote:

Yes but that's how you should do it. Don't use your debit card because if a thief steals your account info, they can drain your bank account. Use your credit cards instead.


+1

TU - 737 - 02/21/09, 769 - 02/06/10, 795 - 09/08/10
EQ - 758 - 02/21/09, 783 - 02/06/10, 805 - 09/08/10
EX (PLUS) - 781 03/23/09, 787 - 02/06/10, 783 - 08/09/10
Valued Member
Posts: 41
Registered: ‎05-18-2011
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Re: My debit card gets no more love

I received a new debit card in the mail from Bank of America today.

 

"We're replacing your debit card as a safety meaure to help ensure that your account information is protected. We receive information from outside companies and were recently notified that information from some debit cards may have been compromised at a merchant or service provider. Your debit card may have been affected."

 

While I understand stuff happens and I am grateful that BofA is monitoring card activity, this is too close to home for me.

 

I'm thinking credit is the way to go. As other point out, if fradulent charges post to a credit card, at least I'm not out my own money until they can credit it back. I'm going to stick to using the debit card at the ATM. For everything else, cash or credit it is.


Starting Score: 10-2011 TU-08 FICO 725 (Walmart) / EQ FICO 683 (MyFICO)
Current Score: 03-2014 TU 08 (Walmart) 729 / EQ 726 (MyFICO)
Goal Score: 750+

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Valued Member
Posts: 41
Registered: ‎05-18-2011
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Re: My debit card gets no more love


FloridaState12 wrote:

 

It's really easy to use your credit cards as a debit card; just write down all of your purchases. That way when the bill comes, there are no surprises.



I deduct any credit card charges from my checking account register. When the bill comes, I double-check the statement and match up the individual charges in the register and PIF. Call me crazy, but this is what works for me.


Starting Score: 10-2011 TU-08 FICO 725 (Walmart) / EQ FICO 683 (MyFICO)
Current Score: 03-2014 TU 08 (Walmart) 729 / EQ 726 (MyFICO)
Goal Score: 750+

Take the FICO Fitness Challenge
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Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
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Re: My debit card gets no more love


arlibguy wrote:


I deduct any credit card charges from my checking account register. When the bill comes, I double-check the statement and match up the individual charges in the register and PIF. Call me crazy, but this is what works for me.


Interesting way of tracking charges! I'm impressed.

 

That is definitely treating your CC as if it were a debit card!

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Valued Contributor
Posts: 2,982
Registered: ‎02-09-2012
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Re: My debit card gets no more love

I'm REALLLLLLY bad about doing any kind of balancing.  When I was FIRST trying to get my spending under wraps, I was heavily monitoring and scanning every single recipt to account for every dollar spent.  using mint, etc.

 

Now that I've cut back on a ton of extra eating out expenses as well as layed off my woot and amazon purchases, I don't keep track nearly as often.  I'll log in to all of the accounts and just scan over to make sure no amounts jump out as out of the ordinary.

 

I would LOVE though to once again have a prime CC that would allow me to the ability to charge and pay off at the end of the each month, so that I could reap those bene's, as I've been using debit now for 4 years, thus carrying no CC debt anyway.

5/2012: 560 credit scores across the board and $500 secured CC
12/2014: 750+ scores across the board and $80k in revolving credit

Get those baddies removed!!!
Established Contributor
Posts: 656
Registered: ‎07-17-2007
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Re: My debit card gets no more love

I rarely use my debit card anymore, but recently I realized just how rarely. I used my debit card the other day because I wanted cash back, figured I'd save the trip to an ATM. When they asked for my pin, I wondered just how long it's been since I've used the card as debit. Looked online out of curiosity, it's been over 6 months.

Regular Contributor
Posts: 218
Registered: ‎02-03-2011
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Re: My debit card gets no more love

When I was in a financial mess like having 95% utilization all the time, I reverted back to me debited card..  This ensured that I only spend what I "have".  Soon after, credit cards were all paid off and I then got a charge card ---- I treated the charge card like a debit card (which should be the case) forcing me to pay in full every month.  Discipline has paid off. Now am slowly reverting back to my credit cards for rewards purposes and credit purposes too

My TL : BCE AMEX 24k / BoA123 Sig 24k / Home Depot 16.5 K / CSP 16.5k / Barclays Arrival WEMC 15k / Discover 13.5k / Citi World WEMC12.8k / CU Visa 11k/ Nordstrom Visa 10K / Freedom 10k / Citi AA 9.1k / Macy's Store 3K / Best buy 2.4K / BBRZ Gold 1.4K / AE 1.4k / Express 1.4K/
Valued Contributor
Posts: 2,982
Registered: ‎02-09-2012
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Re: My debit card gets no more love

^^^^^^^^^^^^^^^^^^^

One day again - one day.

5/2012: 560 credit scores across the board and $500 secured CC
12/2014: 750+ scores across the board and $80k in revolving credit

Get those baddies removed!!!
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