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Politics : Actual left/right wing discussion -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (161)9/6/2006 6:32:59 PM
From: Lane3  Read Replies (1) | Respond to of 10087
 
If you use your debit card as a credit card than than you avoid a fee

What fee? There's no fee for buying something with a debit card.

but you have no protection from overdrafts. You will be allowed to exceed the limit and you will be charged for it.

I can't make sense of this. I understand what you said but it doesn't make sense that it would work that way. Credit cards have credit limits. If they let you shop til you drop with your effectively unlimited debit card, you could buy tons of stuff and then skip out on it. With debit cards, the balance in the account takes the place of the credit limit. Your account will be blocked if you try to spend past it. No? It just doesn't make sense that it would be otherwise. What am I missing?