3 ms·
Some people with particularly bad spending habits use debit cards as a way to enforce self-control, but there are probably much better ways of achieving that. T
by snazz 6y ago
Some people with particularly bad spending habits use debit cards as a way to enforce self-control, but there are probably much better ways of achieving that. Teenagers also use them when paying with their own money because you can't have a credit card until you're 18 unless it's an authorized user card on your parents' account. Costco used to make you pay with a debit card, if I remember correctly.
But those are pretty much edge cases. Credit builder and secured credit cards exist for people with poor or no credit.
- yencabulator 6y ago> Costco used to make you pay with a debit card, if I remember correctly. Costco, gas stations, and some mom & pop shops really want to save on that credit card processing fee. Personally, I consider missing out on the cash discount at a gas station a convenience & fraud protection fee.
- brewdad 6y agoCostco used to have an exclusivity deal with AmEx that prevented other credit cards from being accepted. They did accept debit cards however. They now have a deal with Visa, along with their own branded Visa card but will accept any bank's Visa card.