Comments on Credit or Debit

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I try to keep anyone from knowing I am debeting directly from my bank account. But if they only knew it would be less than the effort to get it. Loll.

posted by Justi on August 28, 2014 at 1:13 AM | link to this | reply

so glad there is such a convenience. your posts are always interesting with that memory of yours and of course little brian gabber. oh and your sister anne. take care. hugs. carolyn

posted by Carolyn_Moe on August 27, 2014 at 6:01 AM | link to this | reply

I always use debit card for my every day purchases.

posted by Chuck_E_Ibrahim on August 27, 2014 at 2:13 AM | link to this | reply

If I need to use a card, I always use credit.  And, I always pay the bill on time so there is no interest charge.

posted by TAPS. on August 26, 2014 at 1:01 AM | link to this | reply

I just get confused and I suppose I normally say credit.

posted by Kabu on August 25, 2014 at 3:53 PM | link to this | reply

Re: FSI

The difference lies in the amount of fees that financial institutions can collect from the retailers. The amount collected is less for debit transactions than it is for credit transactions. Therefore, some banks will make that difference up with fees to the customer who did the transaction with the retailer. Here is a nice little explanation of it all

http://banking.about.com/od/checkingaccounts/a/debitvscredit.htm

posted by FormerStudentIntern on August 25, 2014 at 10:50 AM | link to this | reply

I prefer cash FS.

posted by C_C_T on August 25, 2014 at 10:19 AM | link to this | reply

i closed my credit card accounts and always use debit for gas and groceries and whatever else i might buy. i never inur fees and i do remember my pin number. and so it goes. here's to lookin at you in that shiny silverado. gun it.

posted by Carolyn_Moe on August 25, 2014 at 9:46 AM | link to this | reply

FSI

I always thought in a 'debit transaction' the amount is directly taken off one's personal account ('Current', 'Savings' or whatever), without any cost to the customer, whereas in a 'credit transaction' the amount is debited to a credit account, such as Visa, adding to the credit carried and hence to the potential interest charges....But of course I could be wrong...

posted by Nautikos on August 25, 2014 at 6:20 AM | link to this | reply

I think choosing credit is a smart move on your part.

posted by Amanda__ on August 25, 2014 at 6:07 AM | link to this | reply