LogFAQs > #939771285

Ferarri619 posted...

This is TCs only active post and he's been a Gamefaqs user since 2003.
This is very suspicious.

Plus the post itself is really weird. Kind of a copypasta kinda thing.

TheWitchMorgana posted...

credit cards are fine and good, but they don't replace debit cards.

Other than being a bank ID, debit cards really don't have much use and offhand I can't think of any time I'd use that over a credit card. A credit card has more protections than a debit and most have rewards programs.

I'm honestly not even sure that your privacy is more invaded by credit than debit, because banks sell your data as well.

TheWitchMorgana posted...

if you're a student, for example, you're not going to have a high limit

Students aren't going to have a lot of money in their bank account most of the time anyway.

faramir77 posted...

I remember learning a while back that the USA just got chip debit cards a couple years ago. Canada has had them since like 2004. I rarely even use my chip anymore, tap works for purchases under $100.

Not sure what chips you're referring to, since I struggle to remember when my debit card didn't have a chip -- then again, I barely touch the thing.

funkyfritter posted...

Credit cards make me uneasy. They're constantly being offered to everyone and come packed with lucrative incentives to entice people into using them, which is great if you're responsible with it but is all ultimately being paid for by somebody. I get the feeling that the entire industry is built on exploiting people, like video games that lean heavily on loot boxes except to an even more extreme degree. I'm not worried about my own spending habits and self control, but it's still not a business model I want to support.

It's not just interest on debt, they also receive transaction fees from vendors. Even if nobody carried a balance month over month, the companies would still be profitable (although obviously a lot less profitable)

The only real problem with the offers is that opening accounts will hurt your credit score in the short term.

GNS1991 posted...

I like debit cards, because there is a finite amount (tied to your bank account), so you cannnot overdraw anything. Unlike with credit cards, where you have to pay in addition to paying back the sum you overdrawn interest.

Uh, what? First, some debits DO have overdrawing and associated fees. Second, credit cards generally can't overdraw at all -- because overdrafting/overdrawing is something specific to banks where you have money in an account -- although some offer it as an opt-in program.

GNS1991 posted...

Credit card is literally in my country a credit (loan) in a form of a card.

That's literally how credit cards work in every country. That's why they call it a CREDIT card. You are purchasing on CREDIT. That means borrowing or, in other words, a loan.

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There are precious few at ease / With moral ambiguities / So we act as though they don't exist.