[Dakar the Fourth]

Originally Posted by Laminar 

Turns out I'm still a dependent, so I don't get a check

I went through the same thing in 2k. At least you still have your impeccable fashion sense and raw dunking ability.

[Gankdawg]

Gas. I'm going to send $600 to a credit card that I don't use so that I will have a $600 credit. Then when I take my Seadoo to the lake for the day, I can fill it up on the way home without worrying about the money. Unfortunately, $600 is only about 12 days of fun.

[Laminar]

Originally Posted by Dakar the Fourth 

I went through the same thing in 2k. At least you still have your impeccable fashion sense and raw dunking ability.

You win some, you lose some. Also, I'm considering posting a picture of my date and I from this weekend, should her sisters ever recover from their hangovers and put them up on facebook.

[Eug]

Originally Posted by Gankdawg 

Gas. I'm going to send $600 to a credit card that I don't use so that I will have a $600 credit. Then when I take my Seadoo to the lake for the day, I can fill it up on the way home without worrying about the money. Unfortunately, $600 is only about 12 days of fun.

Does anyone use Debit in the US? Most of us Canadians just use Debit cards for that: Stick the amount in the bank, and withdraw it directly from the account. No credit card middleman... unless you need credit or want to rack up cash back or flight points or whatever.

The benefit of this is that anyone can get a debit card, even if you have terrible credit rating, since you're not actually getting credit. The second benefit is that the retailer sees it like cash. For example, here if you go to some cheap computer store, they give cash or debit discounts. Credit cards mean a 3% premium.

[Laminar]

Originally Posted by Eug 

Does anyone use Debit in the US? Most of us Canadians just use Debit cards for that: Stick the amount in the bank, and withdraw it directly from the account. No credit card middleman... unless you need credit or want to rack up cash back or flight points or whatever.

The benefit of this is that anyone can get a debit card, even if you have terrible credit rating, since you're not actually getting credit. The second benefit is that the retailer sees it like cash. For example, here if you go to some cheap computer store, they give cash or debit discounts. Credit cards mean a 3% premium.

I always use debit.

[design219]

Originally Posted by Eug 

Does anyone use Debit in the US?

Sure, they're much more convenient than checks. But that is also the problem, their much more convenient than checks. Makes spending easy.

I use my credit card a little as possible.

[Dakar the Fourth]

I use debit, however for large purchases (in excess of $500) it turns out to be useless.

[dcmacdaddy]

Of my $600 about $300 will be spent on a moving van moving
my possessions from Baltimore, MD to Syracuse, NY. I am un-
employed and will be living with my Mom through September.
As for the rest of the money, that will go towards my $300+
dental bill in June for getting two cavities filled. I hope that is
the kind of economic stimulus President Bush had in mind.

[Gankdawg]

Originally Posted by Eug 

Does anyone use Debit in the US? Most of us Canadians just use Debit cards for that: Stick the amount in the bank, and withdraw it directly from the account. No credit card middleman... unless you need credit or want to rack up cash back or flight points or whatever.

The benefit of this is that anyone can get a debit card, even if you have terrible credit rating, since you're not actually getting credit. The second benefit is that the retailer sees it like cash. For example, here if you go to some cheap computer store, they give cash or debit discounts. Credit cards mean a 3% premium.

Yes, I use debit almost exclusively. But in this case, if the money goes into that account, it's more likely to be spent so it's more of a forced savings. Sort of.

[design219]

Originally Posted by Gankdawg 

Gas. I'm going to send $600 to a credit card that I don't use so that I will have a $600 credit.

Somehow, I don't think money to the oil and credit card companies is what our economy needs, but I'm glad the government is not telling us how to spend it.

[liviabush]

I am going to spend it for charity.

[brassplayersrock²]

cody3

[Dakar the Fourth]

Originally Posted by dcmacdaddy 

Of my $600 about $300 will be spent on a moving van moving
my possessions from Baltimore, MD to Syracuse, NY. I am un-
employed and will be living with my Mom through September.
As for the rest of the money, that will go towards my $300+
dental bill in June for getting two cavities filled. I hope that is
the kind of economic stimulus President Bush had in mind.

Tesselator, is that you?

[Railroader]

I'll be buying some toys. And some will go to a new suit for a wedding I am standing up for in August.

[Gankdawg]

Originally Posted by design219 

Somehow, I don't think money to the oil and credit card companies is what our economy needs

But unfortunately, my Seadoo requires it.

But when I go to the lake, I buy other things that I wouldn't normally buy so that helps the economy, right?

[Railroader]

Originally Posted by Gankdawg 

But when I go to the lake, I buy other things that I wouldn't normally buy so that helps the economy, right?

That is exactly what the $600 is for. You spend the money somewhere, they spend the money you gave them somewhere, on and on...

[Doofy]

Originally Posted by Eug 

Does anyone use Debit in the US? Most of us Canadians just use Debit cards for that: Stick the amount in the bank, and withdraw it directly from the account. No credit card middleman... unless you need credit or want to rack up cash back or flight points or whatever.

The benefit of this is that anyone can get a debit card, even if you have terrible credit rating, since you're not actually getting credit. The second benefit is that the retailer sees it like cash. For example, here if you go to some cheap computer store, they give cash or debit discounts. Credit cards mean a 3% premium.

On the other hand, if someone nicks your debit card details they can drain your entire bank account before you know it's gone - as opposed to only hitting your credit card limit.

[Dakar the Fourth]

There is a limit on how much you can spend on a debit card a day, however.

[Doofy]

Originally Posted by Dakar the Fourth 

There is a limit on how much you can spend on a debit card a day, however.

There is? I've not noticed it on mine, and the only thing I use it for is buying cars.

[Dakar the Fourth]

Perhaps it's a country thing.

[Doofy]

Hmmm. Maybe.

[Dork.]

Originally Posted by Dakar the Fourth 

There is a limit on how much you can spend on a debit card a day, however.

It depends on the bank for debit cards, since a debit card is essentially an ATM card. It also depends or whether the card is used as debit or credit. Some can be used either way, and the network to process credit cards is totally different than the network used to process debit cards.

[Railroader]

Originally Posted by Dakar the Fourth 

There is a limit on how much you can spend on a debit card a day, however.

You just need to call the bank ahead of the purchases. When i bought our HDTV, TiVo S3, and a few other gadgets I would have hit the limit, but I called ahead to remove the daily limit for a day.

[Dakar the Fourth]

Originally Posted by Railroader 

You just need to call the bank ahead of the purchases. When i bought our HDTV, TiVo S3, and a few other gadgets I would have hit the limit, but I called ahead to remove the daily limit for a day.

So basically you're safe unless it happens to be stolen on the day it had the daily limit removed.

[Big Mac]

Originally Posted by Laminar 

I always use debit.

I would never use a debit card at a gas station. Debit cards don't offer as much theft protection as credit cards, and I know gas station terminals are targets for card thieves.

[Jawbone54]

Mine's going straight to student loans.

I'm just WILD!

[Dakar the Fourth]

Originally Posted by Jawbone54 

Mine's going straight to student loans.

I'm just WILD!

It was probably stripper school.

[Eug]

Originally Posted by Dakar the Fourth 

There is a limit on how much you can spend on a debit card a day, however.

Yes there is. But then again there is a limit on credit cards too. Mind you, the debit card limit is usually quite a bit lower.

[Dakar the Fourth]

I'm not the one who needed that info. Check the post above it.

[Railroader]

Originally Posted by Dakar the Fourth 

So basically you're safe unless it happens to be stolen on the day it had the daily limit removed.

Yes sir. Well, "safe" as in they can get up to $1500 out of my account before they hit the limit "safe".

[Laminar]

They could probably empty my checking account before hitting any type of limit. If anyone goes through the trouble of stealing my debit card, the joke's on them.

[Railroader]

Originally Posted by Big Mac 

I would never use a debit card at a gas station. Debit cards don't offer as much theft protection as credit cards, and I know gas station terminals are targets for card thieves.

You need to change banks then. My banks offer complete protection and will forward the funds to me until their investigation is complete.

[Railroader]

Originally Posted by Laminar 

They could probably empty my checking account before hitting any type of limit. If anyone goes through the trouble of stealing my debit card, the joke's on them.

Maybe they'll feel sorry for you and deposit some money in there for ya?

[sek929]

Most debit cards nowadays are debit/credit cards through either mastercard or visa.

I had a fraudulent charge of 270 bucks on my debit/credit card and I had the money back seconds after placing the call.

In fact, I haven't seen a strictly 'debit' card in a long time now.

[sek929]

Originally Posted by Railroader 

You need to change banks then. My banks offer complete protection and will forward the funds to me until their investigation is complete.

Yep, certainly.

Any debit card in this day and age should have the same protection as a major credit card.

[Railroader]

Originally Posted by sek929 

Most debit cards nowadays are debit/credit cards through either mastercard or visa.

I had a fraudulent charge of 270 bucks on my debit/credit card and I had the money back seconds after placing the call.

In fact, I haven't seen a strictly 'debit' card in a long time now.

They're just MC/Visa based so that the transactions are handled through the MC/Visa network/system. It's either a debit card or a credit card, not both. They "act" like a credit card at the Point of Sale so that more stores can handle them.

[turtle777]

I'd buy some gift cards.

Or even better, buy some cash

-t

[turtle777]

Originally Posted by sek929 

Yep, certainly.

Any debit card in this day and age should have the same protection as a major credit card.

No, they don't.

A debit card takes the money directly from your checking account.
Disputes of these kind of charges fall under different rules than credit cards.

Your bank *might* be as lenient with debit card charges as they are with credit cards, but often, debit charges are more a pain to deal with than credit card charges.

-t

[sek929]

Originally Posted by Railroader 

They're just MC/Visa based so that the transactions are handled through the MC/Visa network/system. It's either a debit card or a credit card, not both. They "act" like a credit card at the Point of Sale so that more stores can handle them.

Actually they are different.

Credit transactions go through several days after the purchase and a debit transaction is instantly deducted from my account. Both work almost the same way, but a credit transaction is not an instant deduction from my checking account.

I know the credit over debit thing is in no way similar to a real credit card, but nevertheless, the fraud protection is exactly the same.

[sek929]

Originally Posted by turtle777 

No, they don't.

A debit card takes the money directly from your checking account.
Disputes of these kind of charges fall under different rules than credit cards.

Your bank *might* be as lenient with debit card charges as they are with credit cards, but often, debit charges are more a pain to deal with than credit card charges.

-t

Not if the transaction is a 'credit' purchase.

I've already dealt with this and it wasn't a pain at all. I called and said I had a charge from Illinois and within that day my money was back in the account with no questions asked.

I guess Sovereign just kicks ass.

[Dakar the Fourth]

Originally Posted by turtle777 

I'd buy some gift cards.

From
Hollywood Video
Levitz
Sharper Image
Performance Team Freight
Linens n Things
Circuit City

I hope.

[Railroader]

Originally Posted by turtle777 

I'd buy some gift cards.

How about gift cards from credit companies?

Originally Posted by turtle777 

Or even better, buy some cash

Huh?

[turtle777]

Originally Posted by Railroader 

Huh?

---> <---

Better ?

-t

[Dork.]

Maybe we should all use our stimulus dollars to buy some euros.

[Railroader]

Originally Posted by turtle777 

---> <---

Better ?

-t

Sorry. Still not getting it. Maybe it's me?

[tie]

I'll buy some Japanese electronics and pat myself on my back for supporting the US economy in this time of war.

[Eug]

Originally Posted by sek929 

Most debit cards nowadays are debit/credit cards through either mastercard or visa.

I had a fraudulent charge of 270 bucks on my debit/credit card and I had the money back seconds after placing the call.

In fact, I haven't seen a strictly 'debit' card in a long time now.

Not here in Canada. Almost all debit cards are true debit cards. Not that I've actively looked for those credit card company debit cards, but nonetheless I don't think I've ever seen one here.

I don't know if it's true in the US or not, but for this reason debit is considered equivalent to cash. There are no credit card commissions to speak of, which is why you might get a 2-3% debit using discount vs. credit at a few stores (particularly when buying computer parts, since they sell at such low margins). Does it work the same way for debit cards in the US when they're issued by a credit card company?

[ajprice]

Why have you all got $600?? Tax rebate?

[Eug]

AFP: US government begins tax rebates to stimulate economy

The US government began giving out tax rebates Monday in hopes the instant cash will spark consumer spending to revive an economy many analysts believe is in recession.

The stimulus plan is expected to cost 152 billion dollars this year.

[Chongo]

a trip to