Stop Paying for Gas with Your Debit Card
forbes.com
Stop Paying for Gas with Your Debit Card
1–10 of 24 posts
Re: Stop Paying for Gas with Your Debit Card
#2Or if you’re at ARCO in Oregon, you can avoid 35 cent undisclosed debit fees.
Re: Stop Paying for Gas with Your Debit Card
#3or just run your debit card as credit and don’t play with snakes?
Re: Stop Paying for Gas with Your Debit Card
#4Another reason: pre-auth will deduct up to $125 from your available balance, no matter how small the actual purchase is, which you won’t get back for a couple of days.
Re: Stop Paying for Gas with Your Debit Card
#5or just run your debit card as credit and don’t play with snakes?
It’s a lot harder to deal with fraud with a debit card vs a credit card. Better to never use the debit card, use a credit card for everything, and then pay off the credit card on time each month via ACH/bank transfer.
If you can, get only an ATM card for your checking account.
A lot of pumps support NFC/Apple Pay at the pump now. Also a great option instead of pulling a card out.
Re: Stop Paying for Gas with Your Debit Card
#6or just run your debit card as credit and don’t play with snakes?
It’s a lot harder to deal with fraud with a debit card vs a credit card. Better to never use the debit card, use a credit card for everything, and then pay off the credit card on time each month via ACH/bank transfer. If you can, get only an ATM card for your checking account. A lot of pumps support NFC/Apple Pay at the pump now. Also a great option instead of pulling a card out.
I’d always been taught that if I run a debit as credit, and the transaction occurs over the Visa/MC network, then it has all the same protections as a credit card when it comes to fraud/chargebacks.
Are you saying that is incorrect? That would be pretty concerning.
Re: Stop Paying for Gas with Your Debit Card
#7Earlier quoted context omitted.
It’s a lot harder to deal with fraud with a debit card vs a credit card. Better to never use the debit card, use a credit card for everything, and then pay off the credit card on time each month via ACH/bank transfer. If you can, get only an ATM card for your checking account. A lot of pumps support NFC/Apple Pay at the pump now. Also a great option instead of pulling a card out.
I’d always been taught that if I run a debit as credit, and the transaction occurs over the Visa/MC network, then it has all the same protections as a credit card when it comes to fraud/chargebacks. Are you saying that is incorrect? That would be pretty concerning.
That's not what he is saying.
Re: Stop Paying for Gas with Your Debit Card
#8Earlier quoted context omitted.
It’s a lot harder to deal with fraud with a debit card vs a credit card. Better to never use the debit card, use a credit card for everything, and then pay off the credit card on time each month via ACH/bank transfer. If you can, get only an ATM card for your checking account. A lot of pumps support NFC/Apple Pay at the pump now. Also a great option instead of pulling a card out.
I’d always been taught that if I run a debit as credit, and the transaction occurs over the Visa/MC network, then it has all the same protections as a credit card when it comes to fraud/chargebacks. Are you saying that is incorrect? That would be pretty concerning.
With debit you’re bprotected as a credit card. The main difference is when there’s a dispute, it’s your money that’s on hold instead of the banks, potentially for months.
Re: Stop Paying for Gas with Your Debit Card
#9Earlier quoted context omitted.
It’s a lot harder to deal with fraud with a debit card vs a credit card. Better to never use the debit card, use a credit card for everything, and then pay off the credit card on time each month via ACH/bank transfer. If you can, get only an ATM card for your checking account. A lot of pumps support NFC/Apple Pay at the pump now. Also a great option instead of pulling a card out.
I’d always been taught that if I run a debit as credit, and the transaction occurs over the Visa/MC network, then it has all the same protections as a credit card when it comes to fraud/chargebacks. Are you saying that is incorrect? That would be pretty concerning.
When the number on the card itself is compromised, regardless of whether your transaction was credit or debit, future transactions by the thief will put your money at risk (possibly for months) rather than the bank's money.
Debit cards should be reserved for ATM use only. Not a perfect solution but unless you are going to swear off of ATMs as well, the best one can do in the US.
Re: Stop Paying for Gas with Your Debit Card
#10Stop using your debit card period. Use a credit card and pay it off monthly. Problem solved.