http://money.cnn.com/2011/03/10/pf/debit_cards_limit/index.htm?hpt=T2

Quote :

"Declined! Your debit card may soon be denied for purchases greater than $100 -- or even as little as $50. "

3/10/2011 12:37:03 PM

its not your money. it is the Public's money.

3/10/2011 12:38:51 PM

debit card = my money

3/10/2011 12:40:39 PM

See thats not correct

3/10/2011 12:41:06 PM

Yeah, I saw that article earlier. It's bullshit....

It's essentially pushing people to use credit and pay interest rates, carry cash, or write checks

3/10/2011 12:43:06 PM

Tarun, don't pay attention to BHS. that kid STAYS on dumb

3/10/2011 12:44:40 PM

It will really fuck those of us who don't have credit cards. I use my debit card for everything. Sure, I could just pull the cash, but what about online shopping?

3/10/2011 12:45:16 PM

thanks for fucking everything up congress.

3/10/2011 12:46:20 PM

Did i hurt your bitch ass feelings or somethin you snake ass nigga

[Edited on March 10, 2011 at 12:47 PM. Reason : d]

3/10/2011 12:47:11 PM

Clearly.... OP has no money.

3/10/2011 12:47:56 PM

Article also brought up a similar point. For those with bad credit, who have to pay premium interest rates, it's going to suck to have to get a credit card.

3/10/2011 12:48:04 PM

I would like 20 orders of HDTV sections

I'm AstralAdvent and i approved this message.

3/10/2011 12:48:25 PM

Anyways I walk into dicks sporting goods and drop 200 everytime on fishin supplies it would suck for me

walkin around with cash means you get robbed and dont get it back.

3/10/2011 12:49:05 PM

wtf
I never carry cash around and don't really want to start

[Edited on March 10, 2011 at 12:49 PM. Reason : ^ yeah that too]

3/10/2011 12:49:25 PM

vote with your feet.

pretty simple.

plenty of banks to choose from that are less evil.

3/10/2011 12:49:31 PM

you mean like leave the country?


i know first citizens aint like the best option for most people but honestly, theyve held up pretty well and have yet to potentially damage their customers.

[Edited on March 10, 2011 at 12:51 PM. Reason : f]

3/10/2011 12:50:27 PM

Quote :

"Sure, I could just pull the cash"

but ATMs have a limit, what if i need more monies

3/10/2011 12:50:27 PM

GET OUT YOUR FUCKING CHECKBOOK

i suppose. although hardly nowhere takes checks anymore

3/10/2011 12:52:49 PM

visa check card = use like a credit card, but it comes from your bank account

why don't people just embrace this

3/10/2011 12:53:01 PM

why not just use a credit card like the rest of the world?

3/10/2011 12:54:26 PM

Quote :

"GET OUT YOUR FUCKING CHECKBOOK "

pretty sure most people get charged for checks as well (i dont)

but the point is debit card is pretty much my money...why would i not be allowed to use my own monies???

3/10/2011 12:55:46 PM

Quote :

"visa check card = use like a credit card, but it comes from your bank account "

i have a mastercard one but i'm pretty sure those are also affected. I know merchants pay fees to mastercard but i dont know if they also pay the bank (or if mastercard gives the bank a cut).

Either way im sure our moron congress decided putting a limit on those fees would be the best way to fix some non-issue they concocted in their retard brains.

[Edited on March 10, 2011 at 12:58 PM. Reason : a]

3/10/2011 12:58:29 PM

I'm pretty sure that Visa Check Card = Debit Card

Although I may be wrong. Maybe if you elect to use it as Credit instead of Debit when asked, it won't have the spending limit. Doubt it though

[Edited on March 10, 2011 at 1:00 PM. Reason : a]

3/10/2011 12:59:22 PM

Why use a credit card and pay interest on everything you buy?

Shit, I have credit cards, but I never use them. Why? Cause I have the money to pay for myself

3/10/2011 1:01:31 PM

i use a credit card exclusively now for rewards points

but i pay it off every month so i never get any interest charges

3/10/2011 1:03:49 PM

you pay off your credit card balance at the end of each month to avoid interest.

[Edited on March 10, 2011 at 1:04 PM. Reason : efb]

3/10/2011 1:04:07 PM

ive always heard using your credit cards and paying them off helps a credit score, but then i hear otherwise too

i dont know if anyone really knows how credit scores work

3/10/2011 1:06:30 PM

it does some, and among the three credit bureaus, the actual impact is going to be slightly different. The bigger thing that has a high weight (i think around 30% of your score) is a the ratio of your available credit to debt.

3/10/2011 1:09:08 PM

i assume car finance accounts and college loans dont really affect it

3/10/2011 1:15:43 PM

yeah but that's a different type of debt. No one likes seeing high debt on a revolving account like a credit card.

3/10/2011 1:17:10 PM

this is retarded.

it makes me want to take my money and bury it in a mayonnaise jar in the yard.

3/10/2011 1:17:45 PM

my student loan appears on my credit reports.

3/10/2011 1:18:07 PM

It's your money and you need it now?

3/10/2011 1:20:00 PM

ahahahaha

I'm AstralAdvent and i approved this message.

3/10/2011 1:20:19 PM

3/10/2011 1:21:01 PM

Quote :

"pretty sure most people get charged for checks as well (i dont) "

only ding dongs

3/10/2011 1:23:24 PM

Quote :

"i assume car finance accounts and college loans dont really affect it"

they definitely do. but long term debt and revolving accounts are calculated differently. I'm not sure what the exact calculation is.

3/10/2011 1:24:06 PM

3/10/2011 1:24:54 PM

im sure they might have a big effect if you dont pay them accordingly, but i imagine they work a little more like mortgages

3/10/2011 1:25:06 PM

now ive got the 877-CASH-NOW song stuck in my head

3/10/2011 1:33:01 PM

good thing the only plastic i use is a credit card

eh?

3/10/2011 1:34:54 PM

thread is stupid. nobody should ever use a check/debit card that draws directly from their account. it's not protected in any way.

Anyone that uses 100% credits cards can be 100% financially traced by the government.

Every time you use a credit card for rewards, you get 1% back, but the business you used it at pays the credit card company 3%.

3/10/2011 2:19:22 PM

GeniuSxBoY once again proves his genius

3/10/2011 2:21:27 PM

Quote :

"nobody should ever use a check/debit card that draws directly from their account. it's not protected in any way."

Please explain your logic behind this. This should be good.

3/10/2011 2:22:32 PM

Quote :

"now ive got the 877-CASH-NOW song stuck in my head"

God damnit.

3/10/2011 2:24:28 PM

Once the money is gone from your account, it's gone, whether you purchased it or not.

Do you know something I don't?

3/10/2011 2:26:44 PM

Quote :

"Anyone that uses 100% credits cards can be 100% financially traced by the government."

so? i don't have any conspiracy theory fears...i rather like that i can track my financials as closely as i can by using nothing but credit cards

Quote :

"Every time you use a credit card for rewards, you get 1% back, but the business you used it at pays the credit card company 3%."

actually, i get 5% back for most of my purchases...no one makes the business accept credit cards...it's a service you pay for, one that is largely considered to be worth the cost due to increase in business you receive by accepting credit cards

3/10/2011 2:29:04 PM

Quote :

"actually, i get 5% back for most of my purchases..."

Actually, you only get 5% on the place you spend the most money. All other purchases get less than 1%... most of the time being 0.5%... and only 1% if you spend more than $3000. Read the fine print. Credit companies aren't stupid nor are they in business to lose money. Work the math out on paper and you'll see how you're being played.

Quote :

"no one makes the business accept credit cards"

You can't compete without accepting credit cards because of America's dependency on them. Even Chinese takeout accepts credit cards and that says A LOT. If you disagree, I welcome you to prove me wrong by starting a business that doesn't accept credit cards.

Quote :

" so? i don't have any conspiracy theory fears...i rather like that i can track my financials as closely as i can by using nothing but credit cards"

Well, don't whine to me when you are denied financial and consumer freedom because the government knows everything you're doing.

3/10/2011 2:44:15 PM

Quote :

"Once the money is gone from your account, it's gone, whether you purchased it or not. Do you know something I don't?"

I know that I had $200 in fraudulent charges on my debit card and my bank refunded every penny.

It took like 60 days, but they refunded it.

You might want to consider switching banks.

[Edited on March 10, 2011 at 2:46 PM. Reason : a]

3/10/2011 2:45:21 PM

congrat-u-fucking-lations is in order

3/10/2011 2:47:43 PM