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AOPA credit card --- WARNING.



 
 
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  #351  
Old December 14th 04, 04:28 AM
Janet
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Bob Noel wrote:

In article ,
"John Harlow" wrote:

What is the utility of a check card over that of a credit card?


No check to pay to the credit card company and no interest
payment rip-offs by the credit card company.


I've never seen a mainstream credit card company that charged interest
when the full balance is paid off every month on time. If you request,
the credit card company can directly pay your full balance automatically
on the due date each month via EFT from your bank account.

You then have all of the benefits of a credit card (no cleaned out
checking account/bounced checks if there is card fraud, full dispute
rights, 30+ day 0% interest, rewards etc) with your stated advantages of
a debit card.

  #352  
Old December 14th 04, 04:31 AM
Janet
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Bob Noel wrote:

In article ,
Cub Driver wrote:

When my bank issued me a "MasterMoney" card in lieu of the old ATM
card, I made them take it back and provide me with a downmarket card
such as they issue to the students with twenty bucks' balance. I just
don't like the idea of a card in existence that could empty out my
account when used without a PIN.


I wouldn't either. But a debit card requires the PIN.


Not necessarily true. A debit card in online mode requires a PIN. If your
debit card allows offline debit transactions (e.g. it has a Visa or M/C
logo on the front) there is no PIN required for your card (or just the
numbers) to be used to clean out your checking account [and more if you
have overdraft protection].

Sure, maybe you can get all the fraud sorted out later with that no-fraud
guarantee, but in the meantime your checks are bouncing, you can't
withdrawl your money, the people who you gave checks to are upset and are
going to charge you fees + add you to black lists, and you need to spend a
lot of time taking care of this. The no-fraud guarantee isn't going to
help you with *that.*

  #353  
Old December 14th 04, 04:34 AM
Janet
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Newps wrote:

Cub Driver wrote:


I've never understood why anyone would use a debit card. (Europeans do
this all the time, which right away ought to put you on guard!)

Somebody lifts my wallet and runs out to buy a new plasma TV with the
card they find.

Credit card: I tell Visa, "Fraudelent transaction! Deal with it!" No
problem whatever.

Debit card: I beg the bank not to bounce the checks I've written at
$25 per bounce as long as my checking account is empty. Meanwhile I
can't get any cash at the ATM. Very bad scene.


Maybe at your bank, then you need another bank. If I call before the
transaction then the card won't work anywhere, every card is like that.
If I call within a reasonable amount of time of the theft then all
sales from the time I give them are voided and the money returned to me.


That's great, but how do you know when "before the transaction" is? If your
card number is compromised before you know it, your money can be debited
while your card is in your own pocket. A new twist involves creating a new
card with your number saved on the magnetic strip.



  #354  
Old December 14th 04, 08:23 AM
'Vejita' S. Cousin
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In article ,
John Harlow wrote:
Actually, w/o PIN they could only buy up to your max purchase
limit/day (my bank defaults at $2500). If you were concerned about
it, yet wanted the utility of a check card, you could ask the bank to
set a lower per-day purchase limit on the card.


What is the utility of a check card over that of a credit card?


For many, well at least me, it's just easier. I don't buy things that
I can't afford (with the expetion of school loans and my car, which is
paid for now btw). I prefer to pay cash for everything, but I don't like
to carry that much cash on me, and I don't know how much to carry on me
for certain trips. I could write checks, but not every place takes checks
and I don't like waiting for checks to clear.
I'm a nerd, so I've got a calculator watch and keep my 'spending money'
in checking. When I use my debit visa I just subtract that out of my
watch, instant balanced account For others they just don't want to pay
the bill off each money (again lazy/easier).
There's something to be said for having a real credit card in case of
an 'accident/emergency' but truth be told it's never really happened and I
get by.

  #355  
Old December 14th 04, 01:25 PM
Cub Driver
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On Mon, 13 Dec 2004 11:52:59 GMT, Bob Noel
wrote:

account when used without a PIN.


I wouldn't either. But a debit card requires the PIN.


No, it doesn't. You can sign a charge sheet, just as with a credit
card. That's what's so scary about debit cards.

all the best -- Dan Ford
email: (put Cubdriver in subject line)

Warbird's Forum
www.warbirdforum.com
Piper Cub Forum www.pipercubforum.com
the blog www.danford.net
  #356  
Old December 14th 04, 01:34 PM
Cub Driver
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On Mon, 13 Dec 2004 11:20:27 -0500, "John Harlow"
wrote:

No check to pay to the credit card company and no interest
payment rip-offs by the credit card company.


An auto-payment credit card has neither of those, plus you get free money
for 30 days, fraud protection, extended warranties, rental coverage and cash
back. I have no idea still why anyone would ever use a debit card.


And frequent-flier miles! I average a trip a year on FF miles from
credit cards, most recently skiing in Aspen CO.

(On the return to Boston, I was in Economy Plus, which I have never
achieved when paying for the ticket!)


all the best -- Dan Ford
email: (put Cubdriver in subject line)

Warbird's Forum
www.warbirdforum.com
Piper Cub Forum www.pipercubforum.com
the blog www.danford.net
  #357  
Old December 14th 04, 02:49 PM
John Harlow
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For many, well at least me, it's just easier. I don't buy things
that I can't afford (with the expetion of school loans and my car,
which is paid for now btw). I prefer to pay cash for everything,


Set yourself up with an auto debit VISA and get many more benefits at no
cost.



 




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