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Interesting! So what you're giving up is the 2% cash back, and purchase protection that credit cards offer, in exchange for having privacy?
by gnicholas 3y ago
Interesting! So what you're giving up is the 2% cash back, and purchase protection that credit cards offer, in exchange for having privacy?
- toast0 3y agoYeah, debit cards interchange is much lower as I understand it, so there's no room to give big rewards. I think purchase protection is, in theory, equivalent or close, but debit cards presume the transaction is good and hold your money, whereas credit cards are more of a review your bill and decide if you're going to pay. But if you don't want to have a credit profile, then you can't use credit.
- landemva 3y agoAt least one debit card kicks back 1%. Look around.