Comments on: 4 Reasons You Should Use a Credit Card

By: DustinK

DustinK — Mon, 09 Jan 2012 07:00:04 +0000

I noticed I can call the CC company for instant transaction information. Though online it still takes a few days. I try to keep the card balance low just before statement day, which is what the bank reports to the credit bureau. It can be difficult to know what I need to pay when I can’t see what is pending. I try to aim to have around a $500 balance when it reports so it reports as very low utilization, but that can be hard if I have a couple thousand in pending charges post just before statement day. As I am unable to pay more than my current balance of the card online, but in the bank I am able to overpay.

By: fs

fs — Sun, 08 Jan 2012 05:06:34 +0000

Yes the bank I work for allows 3000.00 to be done as credit on a debit card and 3000.00 as a debit. For a total of 6000.00 but your bank would be a fool to not give you a call before you reached either limit. Because irregardless of the bank you have a fraud dept monitoring the Accts 24 hours/day

By: fs

fs — Sun, 08 Jan 2012 04:54:19 +0000

Actually sir you are wrong, debit cards have a single use limit of 1500 to 3000 dollars depending on your bank. Also you should take a look at MasterCard.com/zeroliability. Any MasterCard associated bank cannot hold the consumer liable for unauthorized activity on credit or debit cards.

By: anonymous

anonymous — Thu, 29 Dec 2011 21:50:18 +0000

True, but if you would get off your rant and read the article above you, the point of using a credit card to your advantage involves paying it off in full. If you use a credit card and you pay it off in full, that $1000 couch will end up costing you $1000. In fact, if you are using a cash back card or rewards card and you have an interest-bearing account, that $1000 couch may cost you $990 or so.

Your argument is lame

By: DustinK

DustinK — Fri, 18 Nov 2011 05:19:30 +0000

Edit for the extra purchases in the first sentence.

By: DustinK

DustinK — Fri, 18 Nov 2011 05:18:52 +0000

I use my credit card purchases for day to day purchases. I have never had a problem with this. I pay off the account whenever I check my accounts online, so several times a month.
I have never paid interest on the account, although I have gotten a few $5 credits from the bank. The last credit was because when I called the credit card company I was on hold for 6 minutes, which to them was unacceptable.

By: DustinK

DustinK — Fri, 18 Nov 2011 05:11:18 +0000

My bank allowed for a daily purchase limit of $3000.00 on my debit card when I opened it at age 18, I have exceeded that limit without the card being declined or getting a call from my bank. For a long time customer a $9000 limit would be possible.

By: Mark Shead

Mark Shead — Thu, 17 Nov 2011 22:15:14 +0000

Most debit cards now days can be used through the credit card processing network as well, so I’m not sure that the PIN number gives you as much complete protection as you think.

You and I both know that using Credit Cards for everyday purchases is not a good idea…

I know that it has worked well for me ever since I graduated from college years ago, and I still have no credit card debt. If you don’t feel it is a good idea for you because you’ll be tempted to pay the minimum payment instead of the entire amount, then I understand your point of view–I just don’t think it applies to everyone. There are some people that suffer with the same issue when it comes to writing checks–they will spend money they don’t have. However, it would be silly for someone like that to say:

You and I both know that using checks for everyday purchases is not a good idea…

By: The Truth

The Truth — Sun, 13 Nov 2011 12:22:28 +0000

First of all…

Credit Cards are MORE Dangerous if lost than a Debit Card because with a Debit Card you would need the PIN NUMBER to use it… With a Credit Card you just swipe it and sign a scribble. Most places don’t even check your ID anymore.

I always laugh when I read post like this one promoting the Positive Virtues of using Credit Cards…

You and I both know that using Credit Cards for everyday purchases is not a good idea…

The temptation to make the minimum payment is too strong for most people to pass up. It’s far easier to pay $20 than to part with $300+ at one time so people pay the minimum and say to themselves “I’ll pay it off next month…, Then next month comes and they say the same thing again, and again, and again…

Credit Cards are 100% unnecessary in your life. You can pay for EVERYTHING with a Debit Card or Paper Cash.

By: Mark Shead

Mark Shead — Mon, 31 Oct 2011 18:05:35 +0000

Interesting. My credit card transactions show up pretty quickly on the bank website. Maybe different banks have different lag times.

By: DustinK

DustinK — Thu, 27 Oct 2011 20:05:12 +0000

My debit card provides fraud protection and cash rewards for non-pin transactions. Although, I use my credit card for most purchases. I do feel saver with that processing period with the credit card, but it can be frustrating waiting to see what purchases are processing on the credit card. The debit card lets me see pending purchases immediately, whereas the credit card takes a few days.

By: chrisi

chrisi — Wed, 16 Mar 2011 01:57:28 +0000

Craig, if you work at Barclays bank and are giving customers this information then you are doing them a huge disservice and giving them a false sense of security.

Checks contain many vital elements for a criminal to use fraudulently. Firstly, a check contains your name, address, often times your phone number, the check range you are currently using, your routing number, your account number, bank information and lastly…..this is the big one Craig……..YOUR SIGNATURE! All someone needs to do is print their own box of checks and go shopping. You can also purchase items off of the internet using only at name, routing and account number. It sounds like you need some training and a better understanding of the banking system on paper and electronically. I also work for a bank and it is very disconcerting for me to hear that this is the fraud traning you have received from Barclays.

By: Mark Shead

Mark Shead — Wed, 29 Sep 2010 22:22:30 +0000

Are you sure? Because I have authorized money to be taken out of my account by giving them my account number and routing number.

By: craig

craig — Wed, 29 Sep 2010 21:33:14 +0000

If someone steals your cheque book and gets your account number and sort code, the only thing they can do is deposit money into your account or set up a direct debit, they can’t withdraw money so don’t lie..

source(s)

i work for barclays bank

By: namegoeshere

namegoeshere — Mon, 29 Mar 2010 11:18:49 +0000

Don’t use a card to purchase a couch. A couch is a luxury item. If you cannot afford to pay cash for a couch then sit on the floor, or spend your free time at another job to be able to purchase a couch.