debit cards

Debit, Credit, Cash

December 15, 2010

There is an advantage to using a debit card over a credit card…at least you’re only spending what you have and not charging and paying interest. But using a debit card can cause some problems that you don’t get with a credit card. For example, phantom charges. Phantom charges can show up when you use [...]

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Kardashian Card Is History

December 7, 2010

The debit card that was targeted towards teens and had the likeness of the Kardashian sisters on the front has been withdrawn from the market. 250 consumers bought the MasterCard-branded “Kardashian Kard” since it was launched on November 9 and these people can continue to use the card for up to 30 days and then [...]

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Who Is Offering Financial Advice For Teens?

November 12, 2010

In case your teenager really believes that they may need to “Keep Up” the Kardashian sisters are offering up a Prepaid Debit Card under the pretense that they will be able to teach teenagers about financial and fiscal responsibility. Never mind that the Kardashian’s have zero financial credibility, never mind that a few of the [...]

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Debit Cards vs. Credit Cards

September 30, 2010

In 2009, the use of debit cards exceeded the use of credit cards for the first time in history. More and more people are realizing that spending money that you already have is often a better option than spending money that you haven’t earned yet and paying it later as you go. However, it is [...]

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Overdraft Protection For Debit Cards and ATM’s Is Over

August 18, 2010

Unless you opted in. No more paying $35.00 for that Starbucks coffee, however, now rather than paying $35.00 you won’t be getting the coffee at all, if you don’t have the money in your account your card will be declined. No coffee. None. Maybe you should just carry cash or skip out on the expensive [...]

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Chargebacks And The Blacklist

June 18, 2010

If you use a credit card for a purchase and for some reason you need to dispute the charges, for example, you never received product, or it was misrepresented, and you ask for a “chargeback” on your card, you run the risk of being put on a blacklist that can prevent you from using your [...]

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Credit, Debit or Charge

June 17, 2010

Not all cards are created equal. Credit cards offer a line of credit that is accessible through the use of your card. Every month you receive a statement and you are required to pay a minimum payment. A Charge card is similar to a credit card with the difference being that you must pay the [...]

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Keeping Up The Fees

February 24, 2010

With the recent enactment of CARD and the fact that fewer and fewer people are using the credit cards they already have or applying for new ones, the credit card issuers and banks are scrambling to keep the profits up and the fees rolling in. Case in point, recently many banks are sending out special [...]

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Debit Card or Credit Card?

January 4, 2010

Should you use a debit card or a credit card? There are advantages and disadvantages to both. While debit card users only use the money that they actually have on hand, there are fewer legal protections in place in the case of problems and if one is not careful the overdraft fees are comparable to [...]

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