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Who has gotten rid of debit cards?
Old 12-10-2020, 06:39 AM   #1
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Who has gotten rid of debit cards?

I am considering stopping using debit cards, for reasons of security mostly.
I have a Master Card which I could use instead. Pros and cons of switching:

Pros:
better transaction protection with CC
earn points with CC
consolidating spending onto one card

Cons:
fees ... must be diligent about paying off CC monthly
debit card is better for ATM cash


Anyone else do this? ... thoughts or opinions

Thx
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Old 12-10-2020, 06:44 AM   #2
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I have never used my debit card for purchases of any kind. Security and transaction protection being the prime reasons. I have always paid off CC's monthly.

I only use it at an ATM for cash.
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Old 12-10-2020, 06:48 AM   #3
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I think usually when you use a credit card to get cash you start paying interest from that day, regardless of when you pay the bill. That's the main reason for using a debit card instead at the ATM.
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Old 12-10-2020, 06:48 AM   #4
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Our Bank Cards, for ATM cash withdrawals at any branch, can also (apparently) be used as a Debit Card.

We've never used them as such and cannot envision a time that we might; we use credit cards for 'everything' and receive cash 'rewards'. And, of course, pay the bills in full monthly.
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Old 12-10-2020, 06:49 AM   #5
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I have occasionally used a debit card overseas for purchases at a kiosk for transportation tickets. This is from an account not used for anything else. Now I have a very reliable pin-priority credit card, so I haven’t had to use the debit card in years. Only ATM cash withdrawals now and I only use bank facilities during open hours in case the machine takes my card. I haven’t used a US ATM in a year. I get enough cash back from Costco to fund our annual cash needs.
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Old 12-10-2020, 06:51 AM   #6
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Until Fido's HSA debit card, never owned such. Use Discover card and choose cashback at vendors that offer that convenience to get cash if I need some. Never any fee or interest charged. Not much need for cash lately. Never have used an ATM.
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Old 12-10-2020, 06:57 AM   #7
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We have a debit card used only for overseas ATM cash. Our bank ATM card is also a debit card, but we only use it for infrequent ATM transactions. All other transactions are credit card.

Regulations and consumer protections are more rigorous for credit cards.
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Old 12-10-2020, 07:02 AM   #8
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I use my debit card only at local stores to get 10 hits per month and earn 1.75% on up to 30,000 on my rewards checking account. After the 10, it is all CC paid off monthly.
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Old 12-10-2020, 07:06 AM   #9
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Quote:
Originally Posted by braumeister View Post
I think usually when you use a credit card to get cash you start paying interest from that day, regardless of when you pay the bill. That's the main reason for using a debit card instead at the ATM.

Correct, plus a fee in most cases.

I have a debit card but use it very rarely, only as an ATM card. CC for everything else.
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Old 12-10-2020, 07:08 AM   #10
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The last time I used my debit card for a POS purchase was back in 2008, and I used that only a few times before that. Nowadays, other than to get cash at ATM (or when a local branch teller asks me to insert it when making a transaction) it serves only as a back-up to my CC in case something goes wrong with the CC or I happen to misplace it when I am away. (My back-up CC I leave at home.)
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Old 12-10-2020, 07:14 AM   #11
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Quote:
Originally Posted by Nemo2 View Post
Our Bank Cards, for ATM cash withdrawals at any branch, can also (apparently) be used as a Debit Card.

We've never used them as such and cannot envision a time that we might; we use credit cards for 'everything' and receive cash 'rewards'. And, of course, pay the bills in full monthly.

+1
Same here
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Old 12-10-2020, 07:17 AM   #12
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I've been using the debit card for all routine transactions for about 15 years. Have had no problems. Maybe it's just my bank but if I notify them that its missing or that a transaction is fraudulent it, just like a credit card, it gets expunged and I'm off the hook. Also, I have it set for a fairly low limit for a single transaction and a 24 hr period so it's hard for somebody to just run a way with it.


Most of life's business is "You do --> I pay" / cash-on-the-barrel head." I buy it. I pay for it. Go home. Clear the books. Just like old fashioned money.

PS: I do not use it online, at stores that are unfamiliar to me/where I am a first-timer, or at gas stations.
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Old 12-10-2020, 07:21 AM   #13
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Quote:
Originally Posted by braumeister View Post
I think usually when you use a credit card to get cash you start paying interest from that day, regardless of when you pay the bill. That's the main reason for using a debit card instead at the ATM.
Right, I never use CCs for cash. But I don’t know if there is an exception for “cash back” at a grocery store, for example. Is it disguised as part of a purchase? Or is that really for check writers or debit card users? Discover card perhaps has an exception, but they still charge interest on it.

https://www.cardratings.com/can-i-ge....html#discover
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Old 12-10-2020, 07:25 AM   #14
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I only use debit cards to withdraw cash at casinos, and use credit cards for everything else.
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Old 12-10-2020, 07:27 AM   #15
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Also, with one of my credit cards I get complimentary extended warranty coverage for major purchases in addition to 2% cashback.

On the first con... mine is on autopay so that issue goes away.

The only think I use an ATM card for is to get cash... and my last ATM withdrawal was February 28, 2020.
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Old 12-10-2020, 07:29 AM   #16
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Quote:
Originally Posted by audreyh1 View Post
Right, I never use CCs for cash. But I don’t know if there is an exception for “cash back” at a grocery store, for example. Is it disguised as part of a purchase? Or is that really for check writers or debit card users? Discover card perhaps has an exception, but they still charge interest on it. https://www.cardratings.com/can-i-ge....html#discover
Example: Used Discover to purchase $0.26 of produce at Kroger and selected $40 cashback. The machine spit out two twenty dollar bills and the receipt reflects a total purchase for $40.26 with change provided as $40. When the transaction hits Quicken, it has a separate line that states Cash Over Purchase (or something like that; I just delete those lines) and the line for Kroger has $40.26
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Old 12-10-2020, 07:35 AM   #17
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Like most here, I've never used a debit card for anything other than ATM withdrawals. Cash coming straight out of my checking account always seemed like a horrible idea compared to getting a bill at the end of the month, looking it over, and paying it in one transaction.

Then again, we still keep a check register.
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Old 12-10-2020, 07:39 AM   #18
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Only for ATM withdrawals. Does anyone use the HSA Debit card for medical expenses?
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Old 12-10-2020, 07:42 AM   #19
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Only use debit card for cash at ATM and use cashback CC for everything else so I hardly ever go to ATM anymore. Plus I think I can draw cash at ATM with the bank app on my phone, no physical card required.
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Old 12-10-2020, 07:44 AM   #20
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Like others, I have a bank ATM card that can also be used as a debit card. I have never used it for a debit purchase and can't understand why anyone would use a debit card. Use a credit card, get your points, pay by autopay. I haven't incurred a CC interest charge in decades.
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