Originally Posted By: hattaresguy
Personally I don't understand why people would risk their own money with a debit card, or go threw the hassle of having a separate account for it so you don't get wiped out when it's stolen. If you want to Dave Ramsey it use an Amex charge card and Amex will simply shut you down if you don't pay your bill in full at the end of the month.
Debit cards do have their usefulness-but mainly remember they are an atm card first, but also you can do credit charge transactions against them.
So as an ATM card, they may be accepted where credit cards are not accepted (like at arco) and getting cash back, and of course at ATMs without the huge CC cash-advance fees.
Also, you may be able to get a debit card that has side benefits such as no foreign exchange fees.
But you;d have to pay annual fees to get a credit card that has that benefit.
Personally I don't understand why people would risk their own money with a debit card, or go threw the hassle of having a separate account for it so you don't get wiped out when it's stolen. If you want to Dave Ramsey it use an Amex charge card and Amex will simply shut you down if you don't pay your bill in full at the end of the month.
Debit cards do have their usefulness-but mainly remember they are an atm card first, but also you can do credit charge transactions against them.
So as an ATM card, they may be accepted where credit cards are not accepted (like at arco) and getting cash back, and of course at ATMs without the huge CC cash-advance fees.
Also, you may be able to get a debit card that has side benefits such as no foreign exchange fees.
But you;d have to pay annual fees to get a credit card that has that benefit.
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