Just received a message from BOFA
It promotes using their debit card for everyday purchases
I wonder if this is a new trend in the banking industry
Meh, until banks eliminate credit card rewards all together, gonna be a tuff sell to this crowd
Follow the money.
A bank gets a small swipe fee for a debit transaction. The bank gets nothing when you pull out bills and spare change from your pocket.
No, not a trend, just an advertising promotion.
@Anonymous wrote:Just received a message from BOFA
It promotes using their debit card for everyday purchases
I wonder if this is a new trend in the banking industry
Connected to my checking account, without the full protection of credit card. Yeah, not happening.
Nothing new. I used debit cards for all or nearly all cashless purchases for about 20 years, until I started working on my credit this year.
@blindambition wrote:
@Anonymous wrote:Just received a message from BOFA
It promotes using their debit card for everyday purchases
I wonder if this is a new trend in the banking industry
Connected to my checking account, without the full protection of credit card. Yeah, not happening.
💯! Not as long as the US continues to allow chip and signature instead of chip and PIN.
@Anonymous wrote:
@blindambition wrote:
@Anonymous wrote:Just received a message from BOFA
It promotes using their debit card for everyday purchases
I wonder if this is a new trend in the banking industry
Connected to my checking account, without the full protection of credit card. Yeah, not happening.
💯! Not as long as the US continues to allow chip and signature instead of chip and PIN.
Exactly! Not to mention that my SAD would cause a panic attack if money went missing from account.
@blindambition wrote:
@Anonymous wrote:
@blindambition wrote:
@Anonymous wrote:Just received a message from BOFA
It promotes using their debit card for everyday purchases
I wonder if this is a new trend in the banking industry
Connected to my checking account, without the full protection of credit card. Yeah, not happening.
💯! Not as long as the US continues to allow chip and signature instead of chip and PIN.
Exactly! Not to mention that my SAD would cause a panic attack if money went missing from account.
Yup. I check my accounts multiple times a week despite having alerts for every single one of them except my Sync cards. My debit cards are all frozen and my main bank's debit card number hasn't even been used anywhere. Not worth the hassle.
