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Hi, I've only been interested in points and miles for a few years, but I've always used some kind of credit card for everyday purchases, never a debit card. When I see people use a debit card at the store or in a restaurant, I can't help but wonder why?
Folks copy these numbers and use them for their personal purposes when you're not looking. They should at least virtualize it using PayPal, GooglePay or ApplePay etc. and get discounts, get cash back or keep the change etc. It's a safer way to pay. Use your phone to pay!
But don't worry, I don't start chatting with people I don't know about their money and spending habits. I don't want to appear stalkerish and start asking random strangers about their debit card use – don't want to be banned from my grocery store.
Using a debit card for everyday purchases is not a good money habit. I understand why people don't use credit cards, and you'll get no judgment from me if you don't. Putting the rewards aside, be it the cashback, or points and miles, nobody should be using debit cards for anything but withdrawing cash from the ATM. If using credit cards isn't your thing, you are better off using cash or cash like instruments. Given the blockchain tech i.e.: btc (bitcoins) cryptocurrency, we'll be cashless soon as a society, if the geeks or techs have their way, anyway.
Let's look at why you should ditch your debit card, or only pull it out of your wallet when you need to get cash. I keep mine in front pocket along with the loyalty card .and./ .or. credit card I want to use.
In This Article
- Fraud Protection and Account Security
- Consumer Protection and Insurance
- Grace Period and Convenience
- Credit Scores
- Credit Cards Welcome Bonuses
- Credit Card Rewards
- Travel Perks
- Merchants That Require You to Use a Credit Card
- Treat Your Credit Card as a Debit Card
- Etc...
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