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Never, ever use a debit card,' warns fraud expert and ex-con artist — here's what to do instead

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Valued Contributor

Re: Never, ever use a debit card,' warns fraud expert and ex-con artist — here's what to do instead


@blindambition wrote:

My debit cards are in a safe, locked in the account. Never used.


I have closed all of my bank accounts from my pre-myFICO days and only have bank accounts since starting my rebuild. I too have never used my debit cards, even to take money out from the ATM. That is what Disco's cash over purchase is for!!!

















Your FICO credit scores are not just numbers, it’s a skill.

Message 21 of 37
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Community Leader
Senior Contributor

Re: Never, ever use a debit card,' warns fraud expert and ex-con artist — here's what to do instead

There's very few things that require cash now. Of course I have some for those random moments.

So many horror stories with debit cards. My anxiety can't deal!! 😃 

Chase is main bank. There's a new thing where you can use phone with ATM. I won't even try that.

Message 22 of 37
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Regular Contributor

Re: Never, ever use a debit card,' warns fraud expert and ex-con artist — here's what to do instead

I switched over to CC only around a year ago and it’s been a fantastic choice. However, I will be one of those: it’s a shame that debit cards are so risky because I have one that I really want to use due to its design. Alas, it remains locked and essentially sealed away.

Message 23 of 37
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Valued Contributor

Re: Never, ever use a debit card,' warns fraud expert and ex-con artist — here's what to do instead

This is why I use CC's! Thanks for sharing!




My Cards:






Profile Type: New, Thick, 100% Clean
INQ's: EQ: 0 TU: 1 EX: 3 (last 12 mo.)
Recent Accounts: 4 (last 24 mo.)
Total CL: 28.95k Util. 3% AAoA: 1yr, 8mo.
AoOA: 2 yrs, 8 mo. AoYA: 0 mo. 100% PIF.





myFICO Member since: July 21, 2018 | Joined Community: Aug. 17, 2018 | Starting Scores: EQ: 716 TU: 738 EX: 698
Message 24 of 37
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Valued Member

Re: Never, ever use a debit card,' warns fraud expert and ex-con artist — here's what to do instead

I use my Amex like a debit card.  If I'm going to swipe, I might as well get points.  Full transparency, I got my debit card compromised using it online a few years ago.  I haven't used it since (got a new one btw).




Message 25 of 37
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Valued Member

Re: Never, ever use a debit card,' warns fraud expert and ex-con artist — here's what to do instead

How do you get money from ATM without debit card?

- should i change my target debit to a credit card?

Message 26 of 37
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Community Leader
Super Contributor

Re: Never, ever use a debit card,' warns fraud expert and ex-con artist — here's what to do instead


@Andru123 wrote:

How do you get money from ATM without debit card?

- should i change my target debit to a credit card?


Money?

What's that? Smiley LOL

Honestly, I don't know the last time I had cash on me or even used cash to pay for anything.

 

I would say yes if it doesn't create a HP


DEC 2019: EX 816, TU 820, EQ 810
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $40.5K || NFCU CashRewards $30K || Discover IT $24.7K || Macy's $20K || NFCU CLOC $15K || CitiCostco $12.7K || NFCU Platinum $12.5K || Apple Card $6.5K ||
Message 27 of 37
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Valued Contributor

Re: Never, ever use a debit card,' warns fraud expert and ex-con artist — here's what to do instead


@CreditInspired wrote:

@Andru123 wrote:

How do you get money from ATM without debit card?

- should i change my target debit to a credit card?


Money?

What's that? Smiley LOL

Honestly, I don't know the last time I had cash on me or even used cash to pay for anything.

 

I would say yes if it doesn't create a HP


It is a HP to get the CC version.

 

Also, it is great if you *can* use CCs in place of debit, but not everyone has the credit to get said CCs or CCs with high enough limits to cover all spend (even beyond paying every single transaction available credit, like for making larger purchases).

 

I was die-hard cash only and then forced into getting a bank account. I used debit for over a decade without a hitch. You can get rewards/discounts etc with debit as well.

 

I am not saying the protections are equivalent, just that CCs are potentially not accessible, available, practical or obtainable for all. There are those considerations, too...




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 11•20 | EQ [F8 615] [F9 653] [EQ5 645] [VS3 657] | TU [F8 600] [F9 552] [TU4 563] [VS3 639] | EX [F8 587] [F9 573] [EX2 614] [VS3 631]
Goal Score: 680


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 11•20 | EQ [F8 602] [F9 540] [EQ5 599] [VS3 534] | TU [F8 631] [F9 587] [TU4 572] [VS3 640] [VS4 634] | EX [F8 651] [F9 614] [EX2 630] [VS3 657]
Goal Score: 680


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Message 28 of 37
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Community Leader
Super Contributor

Re: Never, ever use a debit card,' warns fraud expert and ex-con artist — here's what to do instead

Of course, one has to do what one has to do. One size never fits all. 


DEC 2019: EX 816, TU 820, EQ 810
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $40.5K || NFCU CashRewards $30K || Discover IT $24.7K || Macy's $20K || NFCU CLOC $15K || CitiCostco $12.7K || NFCU Platinum $12.5K || Apple Card $6.5K ||
Message 29 of 37
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Valued Member

Re: Never, ever use a debit card,' warns fraud expert and ex-con artist — here's what to do instead

Wait. You cannot use debit card without PIN.

Does not it make it 9999 times safer than credit card?

In europe you cannot pay with debit cards without PIN or online verification with the bank.

Message 30 of 37
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