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0 pointsemodendroket4y ago0 comments

Right, it's hard to see what the advantage of debit would ever be. The guy at the bank always looks at me like I'm crazy for wanting just an ATM card and not a debit card, but between credit, cash, and checks, I cannot think of any situation at all where I'd want to use debit instead.

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adev_4y ago

> Right, it's hard to see what the advantage of debit would ever be.

Not being able to indebt yourself is THE major advantage of debit card. Not everybody in this world is reasonable when it is about spending and finance management.

In some European countries with a more conservative mindset related to debts (Germany, France, ...), people will tend to have the exact opposite stance :

"Why would I ever need a credit card ? It is dangerous. My debit card is accepted everywhere"

perl4ever4y ago

There are a number of credit card issuers in the US offering 1.5% cash back.

Suppose you charge $1000 each month at the rate of about $33 per day, and also pay it off when the bill is due.

In a year, you've gotten 1.5% of $12,000 back which is $180, but you could also look at it as though they are paying you 36% per year to use (on average) $500 of their money.

The latter interpretation makes it seem irresistible to me.

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emodendroketOP4y ago

I am more comfortable with exercising self control than with the idea that if my card is somehow misused I don't have access to my funds until it's straightened out. In fact, if you don't trust yourself, I'd say cash is even better, because the physical act of taking out the money makes you less likely to spend it frivolously.

8ytecoder4y ago

A bit convenient at places that charge extra for credit card and carrying a chequebook is not always convenient. I just load it into Apple Wallet and leave it there.

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