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? Do you mean debit cards too? They do take those, and gosh, I feel bad for people who need to put food on credit.
by jvagner 7y ago
?
Do you mean debit cards too?
They do take those, and gosh, I feel bad for people who need to put food on credit.
- freehunter 7y agoDebit cards often have transaction fees associated with them that the customer pays (as opposed to the merchant paying). Even when they don't, running it as debit doesn't get you cash back or rewards or various things that running a card as credit gets you. Your typical bank card can be run as either debit or credit (same card, same bank account). But running it as debit usually has some serious drawbacks to running it as credit. You always want to run your American debit card as a credit card if the merchant allows.
- swiftcoder 7y agoIt's often not about needing to put food on credit. Many relatively well-off people run all of their expenses through a credit card (and pay it off in full at the end of the month) - some in chase of reward points, some just for convenience of carrying a single card.
- jldugger 7y agoIt's a combination of convenience of carrying a single card plus the rewards, plus the interest free loan plus not having to remember a PIN. This confluence of facts led to a situation where my bank chose PINs for its customers and I didn't remember my PIN. Fortunately I had some cash, but that was a bit annoying.