http://credithammer.wordpress.com/2008/11/22/do-not-use-a-debit-card-on-internet/ Just another WordPress.com weblog Tue, 09 Dec 2008 21:20:54 +0000 http://wordpress.com/ hourly 1 http://credithammer.wordpress.com/2008/11/22/do-not-use-a-debit-card-on-internet/#comment-5 credithammer Tue, 09 Dec 2008 21:20:54 +0000 http://credithammer.wordpress.com/?p=3#comment-5 It is good to hear that a bank is doing that. I still think the protections offered by a credit card are superior. You just have to be disciplined enough to pay the credit card every month. I understand that can be a problem for some consumers so the restricted debit card may be a better option for some people. It is good to hear that a bank is doing that. I still think the protections offered by a credit card are superior. You just have to be disciplined enough to pay the credit card every month. I understand that can be a problem for some consumers so the restricted debit card may be a better option for some people.

]]> http://credithammer.wordpress.com/2008/11/22/do-not-use-a-debit-card-on-internet/#comment-4 kate Tue, 09 Dec 2008 20:53:32 +0000 http://credithammer.wordpress.com/?p=3#comment-4 A bank in our area has free checking accounts. You can open a 2nd free checking account with an amount of money you want to use for the Internet-example $100.00 or $200.00. With this account you get a Debit card with Mastercharge logo. You do not need to buy checks for this 2nd account. Only use it for the Internet. There are no fees. You just have to use the Debit card in 6 month periods to keep the card active and you only need to deposit $1.00 per year so they know the account is still active. If your bank has free checking, this is a way to use a debit card without the risk of someone draining your regular checking account. The worst they can do is get the small amount of money you have in account for Internet use. If you buy small items like DVD's, you can keep $100.00 in account for payment and add to account when it is near 0 balance. We don't have any debit cards with our regular accounts so it is easy to keep accounts seperate. A bank in our area has free checking accounts. You can open a 2nd free checking account with an amount of money you want to use for the Internet-example $100.00 or $200.00. With this account you get a Debit card with Mastercharge logo. You do not need to buy checks for this 2nd account. Only use it for the Internet. There are no fees. You just have to use the Debit card in 6 month periods to keep the card active and you only need to deposit $1.00 per year so they know the account is still active. If your bank has free checking, this is a way to use a debit card without the risk of someone draining your regular checking account. The worst they can do is get the small amount of money you have in account for Internet use. If you buy small items like DVD’s, you can keep $100.00 in account for payment and add to account when it is near 0 balance. We don’t have any debit cards with our regular accounts so it is easy to keep accounts seperate.

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