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no, absolutely no debit cards for me. i protect my cash with multiple layers of protection. if i lose my wallet or my phone the person who ends up with these th

no, absolutely no debit cards for me. i protect my cash with multiple layers of protection. if i lose my wallet or my phone the person who ends up with these things will have no clue where most of my money is at. amex takes most if not all the risk in my financial life when it comes to day to day spending. one time i had my wallet stolen and the only thing they could muster was a failed gas station transaction. they didn't even try the ATM card. i use the free points/perks that the irresponsible idiots subsidize to my own advantage. it's linked directly to my amazon account and shows up as a positive cash balance.

claytonjy 3y ago
Is your ATM card not also a debit card? Mine have always been both.
- croutonwagon 3y ago
  mine is but I have a system very similar to the OP you responded to. I do not carry my debit card unless under specific circumstances (ie: When i traveled to Vietnam I carried it). Also that specific debit card is tied to a limited account with a minimum balance. Enough to take cash out but not the main account i pay bills out of etc. Its used specifically as a medium for transactions to services (ie: Venmo, CashApp or ATM withdraws) with a limited balance in case its comprimised. My primary bank account debit card never leaves the safe unless for a specific trip to the ATM etc, even then most of the time i got to a branch directly. Vendors (ie: Stores, Restaurants etc) will not ever swipe even my debit card first discussed. That goes through Amex or a backup Visa card. Those balances are paid in full monthly via bill pay from the main bank account. My wife also has a similar auxilliary bank account+debit card with minimum balances but generally also uses Amex or the Visa CC on that account. So we structure our finances this way 1. Primary Joint Account + Savings - Pay bills out of only. No ETF allowed or ATM allowed in general. 2. Secondary Joint Account + Savings (both his and hers) - use for special uses, ie: Venmo, CashApp ETF, ATM 3. Primary CC accounts - Amex, Visa (his and hers) - used for day to day purchasing. Paid in full monthly via #1.
- toast0 3y ago
  You can get ATM-only cards, but you have to ask for them, and keep asking... at my credit union, I had an ATM-only card for a while, but when it expired, they sent a debit card and I didn't think it was worth the effort and waste to request they make and send a new ATM-only card at that point.

claytonjy 3y ago

Is your ATM card not also a debit card? Mine have always been both.

croutonwagon 3y ago
mine is but I have a system very similar to the OP you responded to. I do not carry my debit card unless under specific circumstances (ie: When i traveled to Vietnam I carried it). Also that specific debit card is tied to a limited account with a minimum balance. Enough to take cash out but not the main account i pay bills out of etc. Its used specifically as a medium for transactions to services (ie: Venmo, CashApp or ATM withdraws) with a limited balance in case its comprimised. My primary bank account debit card never leaves the safe unless for a specific trip to the ATM etc, even then most of the time i got to a branch directly. Vendors (ie: Stores, Restaurants etc) will not ever swipe even my debit card first discussed. That goes through Amex or a backup Visa card. Those balances are paid in full monthly via bill pay from the main bank account. My wife also has a similar auxilliary bank account+debit card with minimum balances but generally also uses Amex or the Visa CC on that account. So we structure our finances this way 1. Primary Joint Account + Savings - Pay bills out of only. No ETF allowed or ATM allowed in general. 2. Secondary Joint Account + Savings (both his and hers) - use for special uses, ie: Venmo, CashApp ETF, ATM 3. Primary CC accounts - Amex, Visa (his and hers) - used for day to day purchasing. Paid in full monthly via #1.
toast0 3y ago
You can get ATM-only cards, but you have to ask for them, and keep asking... at my credit union, I had an ATM-only card for a while, but when it expired, they sent a debit card and I didn't think it was worth the effort and waste to request they make and send a new ATM-only card at that point.