You would notice if your own personal debit card limit shot up to $40 million dollars. And you'd probably call somebody.
Sentiment: NEGATIVE
If you don't have the money management skills yet, using a debit card will ensure you don't overspend and rack up debt on a credit card.
Credit cards are like snakes: Handle 'em long enough, and one will bite you.
Last year, Congress passed a law that directs the Federal Reserve to set limits on debit card swipe fees that are reasonable and proportional to the cost of processing those transactions. Like most Americans, I had no idea that swipe fees charged to American businesses are the highest in the world.
I have too many credit cards. You know what happened? Someone stole one and I didn't notice. I noticed when I got that bill. Whoa! It was so much less! I'm letting him keep it. I'm saving money!
I use debit cards for everyday purchases, as I don't believe in credit cards. But this has caused problems, especially with American touring, because I refuse to have a credit card - and in America you can't pay for anything on a debit card.
You don't realize how much you use your credit card not even to buy things. It's a card you get so you can navigate society.
I'm more of a debit card person, and I live in the 'now'. I don't like credit cards anymore. I try to live with whatever I can afford and don't try to put myself in an awkward position. I've done that before.
The money can be a hindrance to someone like me because the danger is that you start thinking, 'Is that a $20 million take?' That kind of thing, and being self-critical.
I never use debit cards. I only use credit cards. This way, if someone does get my account number... and charges $1 million, by federal law, my liability is zero.
I don't use a debit card. The safest thing is a credit card because you're using the bank's money. If someone accesses your information, they are stealing the bank's money, not yours.