Reply
Frequent Contributor
Posts: 275
Registered: ‎12-01-2012
0

Re: Using Credit Cards in public instead of using a Debit Card

And don't forget, CREDIT cards are a key component (hopefully positive!) of one's Credit Report/Score!   

Since the use of DEBIT cards (using your own money) has absolutely no bearing on one's credit (no money is being borrowed) they, of course, makes zero contribution to your credit history . . . !

FICO Score 8: EQ 790 EX 777 TU 795 ***** FICO Bankcard Score 8: EQ 817 EX 804 ***** VantageScore 3.0: EQ 817 EX 794 TU 799
TOTAL CL (6 cards): $114.5K ***** INQUIRIES 2 yrs (1 yr): EQ 2(0) EX 7(2) TU 6(2) ***** UTILIZ: 1 % ***** GOAL: FICO Score 8: 800+

NASA FCU Rewards Visa 30K || Amex BCE 25K || Chase Sapphire Visa Signature 21.5K || PayPal Extras MC 20K ||
CITI Diamond Preferred MC 9.5K || Discover it 8.5K || ***** ***** GARDENING since 9-26-2014 *****
Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
0

Re: Using Credit Cards in public instead of using a Debit Card


CreditScholar wrote:

I'm going to risk sounding like a bit of an idiot here, but there are banks that force you to wait until the investigation is over instead of a provisional credit?

 

Every time this has happened to me (only a few thankfully), I've always received a provisional credit while they looked into it.


I only had this type of problem happen once to my Citi debit card, and Citi issued me provisional credit within a couple days.

 

My ex-roommate (apartment-mate, to be exact) during my college days on the other hand ran into all kinds of problems when her Wells Fargo account got compromised. It happened 5-6 years ago, so maybe things are different now. Maybe it had to do with her account type, or maybe it's because of the dollar amount of the fradulent charge itself, but they basically just couldn't issue her any form of provisional credit until the investigation was concluded. It didn't exactly cause a lot of problems for her since most of her deposits are with Bank of America, but it's definitely an unpleasant experience.

 

 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Established Member
Posts: 16
Registered: ‎04-12-2010
0

Re: Using Credit Cards in public instead of using a Debit Card

I was looking for a hair salon in san francisco. One in downtown area only accept credit card but not debit card with visa/master logo. Not sure the reason though, I have seen grocery shop only accept debit card.

Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
0

Re: Using Credit Cards in public instead of using a Debit Card


yejun wrote:

I was looking for a hair salon in san francisco. One in downtown area only accept credit card but not debit card with visa/master logo. Not sure the reason though, I have seen grocery shop only accept debit card.


Costco does the same thing if you're using a Visa / MC / Discover. They accept cash, debit, or Amex.

Reason why some places allow debit transactions only is because the fees are a lot lower compared to CC swipe fees.

 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Established Member
Posts: 16
Registered: ‎04-12-2010
0

Re: Using Credit Cards in public instead of using a Debit Card

I understand only accept debit. But I saw one salon on its website, it clearly says only credit card not debit with visa/master logo.

Valued Contributor
Posts: 1,524
Registered: ‎08-17-2008
0

Re: Using Credit Cards in public instead of using a Debit Card

I use my CC for everything because of rewards and extended protection my credit card offers.

$100K in Credit
Last Credit Card App: 11/16/13
Valued Contributor
Posts: 1,072
Registered: ‎02-06-2013
0

Re: Using Credit Cards in public instead of using a Debit Card

   Both are relatively safe at this point. Banks protect their customers from fraudulant transactions on their debit cards.  I lost my debit card once on a bus in Chicago and it got stolen and charged up and the bank gave me the money which was stolen back in a prompt fashion. The amount of spending I do is low so I don't get much in rewards when I just use credit cards. Also,, for me using credit cards increases the risk that I will go into debt so I mostly use my bank card. I feel it is safer in the long run for me because when I use a credit card I sometimes don't want to pay the bill so I let it go and could end up back in debt. To the person who was saying that "smart people don't use debit cards" I say that is untrue. I know myself and I prefer to use my own money and not borrow money from others because I know myself and know that I have been in a lot of trouble in the past with credit cards and I don't want to end up in debt again. Does that make me not financially savy or something? I don''t thinks so,

390/14001100/13001500/15001699/2000Prepaid ,,Recent scores:FICO EX 632,EQ 635,TU 632.. If youlike this could you please give me a kudo by clicking that blue button over to the left? Thanks.Link to my Rebuild Log
Valued Contributor
Posts: 1,072
Registered: ‎02-06-2013
0

Re: Using Credit Cards in public instead of using a Debit Card


DaveSignal wrote:

People who prefer making money and are generally more financially knowledgeable don't use debit.  When I first got my USAA debit card, it did offer rewards, but USAA cancelled that a few years ago.  I don't know of any debit cards that earn rewards anymore.  So, of course, everyone uses credit now.  Using debit when you have rewards cards is not smart.  I think most people have this kind of common sense, which is why I don't actually know anybody who uses a debit card.  Wouldn't you rather earn extra money just for living and doing your normal everyday spending?


    Do you know anyone who doesn't prefer making money? Do you mean there are some who prefer to give their money away? If so steer them my way. I can use some money :smileyhappy:

390/14001100/13001500/15001699/2000Prepaid ,,Recent scores:FICO EX 632,EQ 635,TU 632.. If youlike this could you please give me a kudo by clicking that blue button over to the left? Thanks.Link to my Rebuild Log
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Using Credit Cards in public instead of using a Debit Card


xgac12x wrote:

I've heard that some people don't use a debit card to pay for things, they use a credit card instead. They say that they don't "trust" using their debit card?

I have a basic idea on why they dont use their debit card, but I would really like to learn about some of the dangers of using a debit card

 

Thanks.


I don't trust using mine either. Too much risk of fraud and its a killer waiting for the bank to fix it. A CC on the other hand is alot easier.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Valued Contributor
Posts: 2,982
Registered: ‎02-09-2012
0

Re: Using Credit Cards in public instead of using a Debit Card

I ONLY use CC's.

 

Haven't seen my Debit card in 6 months or so now.

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!!!
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.