Community Forums

mrblanche · 08-15-2010, 08:18 AM

Quote:

Originally Posted by Mr Nifty

The easy fix is go inside and give them your credit or debit card. A lot of people have fear over this issue. But the reality is that if your credit/debit card or it's info is stolen. The maximum amount you would be liable to pay is $50.

I personally use the pay pal debit card. I use the debit card and it takes money out of my checking account or charges my credit card.

True for credit cards, not necessarily true for debit cards. Unless your bank has agreed to treat a debit card the same as a credit card, you can lose a stated amount every day, until the card is reported stolen, with no recourse. When our bank was bought out by another bank, the new bank's policy was that you could lose $1000 per day until your account was empty...and then you'd continue to be responsible for any use and chargebacks.

So, your mileage may vary.

You might want to check out this article:

10-places-not-to-use-your-debit-card: Personal Finance News from Yahoo! Finance

In addition, most restaurants and gas stations put a hold on your card when it's run. When the purchase is closed out, that hold is normally released, but on a weekend or at night that may not be true. So, you could end up with a $50 hold on your card for a couple of days and your tight cash might not be available to you.

StStg1 · 08-15-2010, 03:33 PM

Quote:

Originally Posted by mrblanche

True for credit cards, not necessarily true for debit cards. Unless your bank has agreed to treat a debit card the same as a credit card, you can lose a stated amount every day, until the card is reported stolen, with no recourse. When our bank was bought out by another bank, the new bank's policy was that you could lose $1000 per day until your account was empty...and then you'd continue to be responsible for any use and chargebacks.

So, your mileage may vary.

You might want to check out this article:

10-places-not-to-use-your-debit-card: Personal Finance News from Yahoo! Finance

In addition, most restaurants and gas stations put a hold on your card when it's run. When the purchase is closed out, that hold is normally released, but on a weekend or at night that may not be true. So, you could end up with a $50 hold on your card for a couple of days and your tight cash might not be available to you.

Accoriding to the article, why use a DC at all? Actully, I've never had a problem using my DC as I try to protect the transaction as much as possible ie, use pin codes or watch the actual transaction at the cash register and monitor the receipt and my bank account.

ParkyJordan · 08-16-2010, 02:07 AM

you have to becareful as you should watch people who are dealing with your card and not use a card skimming devide to take your ard information.

mrblanche · 08-16-2010, 06:52 AM

Quote:

Originally Posted by StStg1

Accoriding to the article, why use a DC at all? Actully, I've never had a problem using my DC as I try to protect the transaction as much as possible ie, use pin codes or watch the actual transaction at the cash register and monitor the receipt and my bank account.

Good question. I know of one national financial advisor who says, "Never, never, never, never, never, ever, ever, ever use a debit card." His reasoning? Every time you use it, you put your entire account at risk, when every time you use your credit card, you put only $50 of your own money at risk. Seems like a no-brainer to me, but I don't have all the answers.

Back on the subject of Flying J, I predicted this outcome years ago when they got cut-throat and showed they would willingly treat drivers and trucking companies like dirt, assuming their lower prices would make up for it. "The bitterness of poor service and low quality last long after the sweet taste of low price is gone."

Luckiest Dreamer · 08-16-2010, 09:46 AM

My card gives a 5% cash rebate for all fuel purchased using the card at the pump. 1% if used inside. Thats worth $.15 on a $3 PER GALLON SALE or $15 per 100 gal. Tell me who receives that price savings using cash or Debit card.
I have learned to fill more often so that I need to scan the card only twice before it ask's me to see the attendant!
Pain in the ####, yes but I always try to get the best price I can.
I just returned from an 5000 mile trip. Quick calculation tells me that I used around 625 gallon @ a savings of around $93. That will pay for 3 nights of park fees!

JSW · 08-16-2010, 10:37 AM

I don't think you will get the best price or anywhere near it at a Flying J. My WalMart gift card gets me a .03 discount over their already much lower price for diesel. Since I already shop at Wal mart it is no problem to add 3 or 4 hundred on my gift card. I also use my Amex card to purchase my credit so I get points with them.