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02-25-2019, 07:14 AM
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#21
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Senior Member
Join Date: Apr 2018
Location: Yarnell, Arizona
Trailer: 2024 Bigfoot 21 Rear Bed
Posts: 546
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Quote:
Originally Posted by stratos175
Bad thing with a debit card is little or no protection from any fraud. Not sure how many of you know who Clark Howard is but he hates debit cards because of that one reason.
Enjoy the journey.
Steve
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We have had our debit cards hacked several times, it used to be twice a year. We have never once been assessed any fine, $50 down payment, nothing for having our debit card number stolen. Yes, I heard Clark Howard expound on this subject, this just has not happened for us. Since the chips went into credit and debit cards we have not experienced any cloning. In Antigua one year, the inside the bank ATM had a skimmer installed, the bank went out of business 6 months later, so suspect it was an inside job.
As to why we use a debit card, we used to travel 6 months a year, overseas, without returning home. There is no way we could have carried that much cash. It is much easier to keep track of one's checking account balance with a debit card than the credit card. We still travel 2 or more months at a time away from home, sometimes out of the country. Carrying several thousand in cash just is unreasonable.
__________________
Myrl and Gary
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02-25-2019, 07:43 AM
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#22
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Senior Member
Join Date: Jun 2010
Location: Central, Pennsylvania
Trailer: Escape#5 2022 E19
Posts: 26,268
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I must have at least a half dozen credit cards and use one one month and then switch to another while I pay off the prior months balance. Because of rotation, I keep getting good offers on transfers or no interest for 18 month offers. So when we travel I'll use a special offer and then pay off the trip, interest free over 6-12 months. I have no debit cars and may carry $100 cash at all times. I also use a no foreign fee card while in Canada.
__________________
Jim
Sometime life gets in the way of living.......
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02-25-2019, 08:57 AM
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#23
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Member
Join Date: Oct 2018
Location: Fort Worth, Texas
Trailer: 2019 Oliver Elite II
Posts: 87
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Never owned a debit card and never will, just for all the reasons mentioned above. I think for many they would have more money if they didn't have one to flop out all the time. I laugh when I see people paying for a drink with a credit card and I'm talking about a $2.00 cold drink.
trainman
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02-25-2019, 09:58 AM
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#24
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Site Team
Join Date: Nov 2008
Location: Portland, Oregon
Trailer: 2014 Escape 5.0 TA
Posts: 11,064
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I'm one of those people who never carries cash. I find if I have to whip out a card to pay for something, the movement alone makes me go... hummm. I also don't buy chewing gum, Slurpee's, soda or typically eat fast food. Trying to balance my 'checkbook' is easier too when looking at statements versus wads of cash receipts. I suppose when I really start traveling, that will change. But when always shopping at the same grocery stores and service stations, etc. I love my cards! YMMV
__________________
Donna D.
Ten Forward
2014 Escape 5.0TA
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02-25-2019, 10:18 AM
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#25
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Senior Member
Join Date: Oct 2013
Location: Phoenix, Arizona
Trailer: 2015 Escape 19 "Seventy Degrees"
Posts: 3,495
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I’m starting to pay more and more with my phone, and faster to pay that way for a drink then take out cash and wait for change. As long as they don’t cut my finger off and steal my phone probably safer way to do things.
FYI, that new MCDs app is truly an amazing thing when traveling. You never have to see the inside. Order on your way in, finish and pay when you arrive and tell them to bring it to your car. Off you go with your Quarter Pounder.
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02-25-2019, 02:07 PM
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#26
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Senior Member
Join Date: Dec 2012
Location: Edmonton, Alberta
Trailer: 1979 Boler B1700
Posts: 14,935
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Quote:
Originally Posted by stratos175
Bad thing with a debit card is little or no protection from any fraud.
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My bank card (which works for debit purchases and ATM transactions) was defrauded a few years ago - money was withdrawn from my account at an ATM. I never lost physical possession of my card, so they must have duplicated the card and read my PIN while I was making a purchase. The bank refunded everything. I don't see any lack of protection from fraud, compared to a credit card. Note: this was a Canadian bank - banking practices in Canada and the U.S. are substantially different.
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02-25-2019, 02:13 PM
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#27
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Senior Member
Join Date: Dec 2012
Location: Edmonton, Alberta
Trailer: 1979 Boler B1700
Posts: 14,935
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Quote:
Originally Posted by trainman
I laugh when I see people paying for a drink with a credit card and I'm talking about a $2.00 cold drink.
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Why laugh? Why is this frustrating to you?
They're paying no fee, so it costs them exactly the same as it would if they paid cash. By using the card they reduce the need to go to an ATM and get cash. Their purchase is listed in the card statement, so they know where they spent their money. Since almost nothing is exactly $2, they avoid accumulating bit of change (a couple pennies? a nickel?) as garbage in their pockets. If they use contactless payment ("tap") the transaction is probably faster and so delays the next customer (you?) less than digging out cash and making change. The retailer even avoids handling cash, which has a tendency to "evaporate" from tills.
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02-25-2019, 02:16 PM
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#28
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Senior Member
Join Date: Oct 2008
Location: North Vancouver, British Columbia
Trailer: 2009 Escape 17B 2020 Toyota Highlander XLE
Posts: 17,136
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I don't think you'll be reimbursed if you use a lousy PIN, like your birthday, or if you write it down and carry it in your wallet with the card. My PIN was generated by the bank, so I feel quite safe.
__________________
What happens to the hole when the cheese is gone?
- Bertolt Brecht
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02-25-2019, 03:11 PM
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#29
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Senior Member
Join Date: Apr 2014
Location: Olympia wa, Washington
Trailer: 5.0TA 2017
Posts: 2,255
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i never had an issue getting reimbursed with a debt card and they never stipulated i need a better pin number mine is probably crummy
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02-25-2019, 03:13 PM
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#30
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Senior Member
Join Date: Apr 2014
Location: Olympia wa, Washington
Trailer: 5.0TA 2017
Posts: 2,255
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yea i just started using my phone to pay at the grocery it just auto showed up on my phone asked if i wanted to pay ...
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02-25-2019, 04:19 PM
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#31
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Senior Member
Join Date: Oct 2013
Location: Phoenix, Arizona
Trailer: 2015 Escape 19 "Seventy Degrees"
Posts: 3,495
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Quote:
Originally Posted by Brian B-P
My bank card (which works for debit purchases and ATM transactions) was defrauded a few years ago - money was withdrawn from my account at an ATM. I never lost physical possession of my card, so they must have duplicated the card and read my PIN while I was making a purchase. The bank refunded everything. I don't see any lack of protection from fraud, compared to a credit card. Note: this was a Canadian bank - banking practices in Canada and the U.S. are substantially different.
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I agree with you that most banks seem to reimburse money removed from your account fraudulently with a debit card. The main difference is until you catch it and start the process that money is gone from your checking account and if bills are scheduled to hit or checks written things start to bounce.
With the fraudulent charge on the credit card it does not affect anything but an inflated ccard balance until the fraud is reported and then subsequently removed.
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02-25-2019, 04:51 PM
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#32
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Senior Member
Join Date: Oct 2008
Location: North Vancouver, British Columbia
Trailer: 2009 Escape 17B 2020 Toyota Highlander XLE
Posts: 17,136
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Quote:
Originally Posted by Greg A
With the fraudulent charge on the credit card it does not affect anything but an inflated ccard balance until the fraud is reported and then subsequently removed.
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I just got my renewed credit card. $29 charge for going over the credit limit and the interest rate increases to 29.99 per cent. One more reason to never carry a balance.
I put electronics on credit for the increased warranty. Most everything else goes on debit.
And, I see both chequing account withdrawals and credit card charges by checking my accounts on line.
__________________
What happens to the hole when the cheese is gone?
- Bertolt Brecht
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02-25-2019, 07:59 PM
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#34
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Senior Member
Join Date: Feb 2013
Location: Santa Rosa County, Florida
Trailer: 2014 Escape 21 Tow: 2024 Toyota Tundra
Posts: 3,105
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Quote:
Originally Posted by Greg A
I agree with you that most banks seem to reimburse money removed from your account fraudulently with a debit card. The main difference is until you catch it and start the process that money is gone from your checking account and if bills are scheduled to hit or checks written things start to bounce.
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A while back I opened a second checking account to be used solely for paying bills. I transfer money into it each month automatically for automatic bill payments and I have a checkbook linked to it. When I write a check I transfer the check amount from my main checking account to this one. My debit card remains linked to my main checking account for day-to-day purchases. This seems to be working alright.
So if my debit card gets hacked again, at least I won't bounce any checks or miss any automatic bill payments. That's not the main reason I opened the second account, but it is an added benefit.
__________________
Mike Lewis
She don't lie, she don't lie, she don't lie-- propane
Photos and travelogues here: mikelewisimages.com
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02-26-2019, 06:03 AM
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#35
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Senior Member
Join Date: Feb 2018
Location: alpharetta, Georgia
Trailer: 2014 21' Escape
Posts: 494
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I use one credit card for most of my purchases and pay off the balance every month. I searched for what card would give me the most rewards based on my usage (i get 2% cash back on all purchases, some months a bonus of 2-3% on certain category of things). It's easy for me to look on line at my account and see what I've spent money on, plus also like if I'm travelling and they get a charge some where I'm normally not at they send me a text confirming its me.
About the only thing I use an ATM for is to withdraw cash and that's probably less than 3 times a year.
I would also suggest you check a small local branch near you, I've had TO MANY issues with the big banks, you ask my opinion one of the worst companies in any industry is Wachovia. With technology and some laws today small local banks can offer you many things the big ones can, one thing I get is free ATM anywhere even though don't to that much, they also gave me a check reader to make deposits or today you get just send them picture of check.
I have also learned another good place to bank is credit unions especially for loans, 90% of the time they can offer a better rate then any bank. I would do all my banking with a credit union but most will not do business accounts.
Enjoy the journey.
Steve
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02-26-2019, 06:15 AM
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#36
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Senior Member
Join Date: Jun 2010
Location: Central, Pennsylvania
Trailer: Escape#5 2022 E19
Posts: 26,268
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I believe Wachovia was taken over by Wells Fargo which is another Big 8 bank that needs to be avoided. I agree, your best service is now with credit unions, particularly local ones.
__________________
Jim
Sometime life gets in the way of living.......
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02-26-2019, 08:16 AM
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#37
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Senior Member
Join Date: Apr 2017
Location: DFW, Texas
Trailer: 2018 21 Sept 7 2018
Posts: 1,073
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Question n I think it’s been answered before but can and or how does one open an bank account t in Canada. Momma n me plan on exploring parts of Canada and would like to have an account up there
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02-26-2019, 09:18 AM
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#38
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Senior Member
Join Date: Feb 2013
Location: Santa Rosa County, Florida
Trailer: 2014 Escape 21 Tow: 2024 Toyota Tundra
Posts: 3,105
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Quote:
Originally Posted by stratos175
I would do all my banking with a credit union but most will not do business accounts.
Enjoy the journey.
Steve
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Navy Federal Credit Union will handle business accounts. I asked about this in my local branch yesterday. Current and former members of the U.S. military and DoD civilians are eligible for NFCU membership, but I don't know the details.
__________________
Mike Lewis
She don't lie, she don't lie, she don't lie-- propane
Photos and travelogues here: mikelewisimages.com
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02-26-2019, 09:34 AM
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#39
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Senior Member
Join Date: Dec 2018
Location: Quimper Peninsula, Washington
Trailer: TBD
Posts: 369
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Quote:
Originally Posted by Brian B-P
Why laugh? Why is this frustrating to you? They're paying no fee, so it costs them exactly the same as it would if they paid cash.
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Not quite true. When a cash customer purchased something they pay x amount. When I purchase something I pay x-1.5 and as much as x-5% less because I get cash back. If the merchant has a minimum credit card purchase, I walk away because the item I would be purchasing is most likely something I don't need and shouldn't consume anyway. Additional benefits are tracking every purchase, security, less cash to carry around and purchase protection. My balance is paid off monthly by autopay so that free me from that task too.
__________________
Thanks,
~Farther
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02-26-2019, 11:42 AM
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#40
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Senior Member
Join Date: Jun 2010
Location: Central, Pennsylvania
Trailer: Escape#5 2022 E19
Posts: 26,268
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Quote:
Originally Posted by Oldtimer
Question n I think it’s been answered before but can and or how does one open an bank account t in Canada. Momma n me plan on exploring parts of Canada and would like to have an account up there
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You may not be able to without a resident address plus all kinds of alarms go off when you check "Yes" on your tax return when asked "Do you have any foreign bank accounts"..............think ahead.
__________________
Jim
Sometime life gets in the way of living.......
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