Dave Say You're Looking for Trouble

Townhall.com ^ | March 28, 2012 | Dave Ramsey

[Attention Surplus Disorder]

I don’t like debit cards. The protections they offer are roughly equal to credit cards, but should a thief take big wad of money out of your account or if you suffer a fraud of some kind, even if you report it timely, that money is gone from your spending capacity while the dispute is open. A credit card, you can dispute the charge and until the dispute is resolved, you are not charged interest nor is your spending limit reduced by the disputed amount. Banks LOVE debit cards for this reason.

I’ve converted all my debit cards to “ATM only” cards and I have a few credit cards which I pay off monthly.

If you doubt my tale about debit cards vs ATM-only cards, go try changing a debit card to an ATM-only card. The gal at my bank begged me for half an hour not to do so before she relented. The protections are not the same. Fraudulently-obtained money comes out of YOUR hide first with a debit card.

[Rightly Biased]

Risk is risk

little or otherwise.

I didn’t say how much risk all I said is there is risk.

I for one don’t have a credit card and NEVER HAVE had one.

I’ve been able to travel the world rent cars and buy what ever I wanted.

and I don’t line the pockets of MC Visa or Discover.

[Altariel]

Dave Say You’re Looking for Trouble?

;-)

Think you meant, Dave Says You’re Looking for Trouble. :-)

Seriously, thanks for posting.

[Kaslin]

I'm not the editor