{"id":1111001,"date":"2019-04-15T14:53:43","date_gmt":"2019-04-15T14:53:43","guid":{"rendered":"https:\/\/dailyreckoning.com\/?p=107195"},"modified":"2019-04-15T14:53:43","modified_gmt":"2019-04-15T14:53:43","slug":"10-places-you-should-never-use-your-debit-card","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1111001","title":{"rendered":"10 Places You Should NEVER Use Your Debit Card"},"content":{"rendered":"<p>This post <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/10-places-you-should-never-use-your-debit-card\/\">10 Places You Should NEVER Use Your Debit Card<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/\">Daily Reckoning<\/a>.<\/p>\n<p class=\"p1\"><span class=\"s1\">Paying with your debit card might seem like a responsible move. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">After all, getting in the habit of whipping out your credit card whenever you have to make a purchase might lead to overspending.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">But from a security standpoint, paying with a credit card is actually the better move.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">By the end of this year, credit and debit card fraud is expected to reach $33B globally. While a criminal can steal your credit card just as easily as they can steal your debit card, the consequences are different. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Debit cards are not as well protected as credit cards. And since your debit card is linked to your bank account, anyone with your debit card information can have access to all your funds. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Whereas credit card transactions usually don\u2019t get billed until later, the damages are handled differently. If you\u2019re a victim of debit card theft, depending on your situation, you can be held liable for significant losses, especially if you don\u2019t report the fraud fast enough.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">According to the FTC and the Consumer Financial Protection Bureau, here\u2019s what happens if your debit card is stolen or compromised:<\/span><\/p>\n<ul class=\"ul1\">\n<li class=\"li3\"><span class=\"s1\">If you report the card as lost or stolen within two business days, you won\u2019t be responsible for more than $50 of unauthorized transactions.<\/span><\/li>\n<li class=\"li3\"><span class=\"s1\">If an unauthorized transaction appears on your statement (but your card or PIN has not been lost or stolen), under federal law you will not be liable for the debit if you report it within 60 days after your account statement is sent to you.<\/span><\/li>\n<li class=\"li3\"><span class=\"s1\">If someone uses your physical ATM or debit card without your permission (meaning it was stolen) and you report the fraudulent charges within 60 days after your statement is mailed to you, you could lose as much as, but no more than, $500.<\/span><\/li>\n<li class=\"li3\"><span class=\"s1\">If someone uses your ATM or debit card without your permission and you don\u2019t report it within 60 days after your statement is mailed to you, the potential damage is unlimited. You could lose all the money in that account, the unused portion of your maximum line of credit established for overdrafts, and even more.<\/span><\/li>\n<\/ul>\n<p class=\"p1\"><span class=\"s1\">And here\u2019s what happens if your credit card or credit card number is stolen:<\/span><\/p>\n<ul class=\"ul1\">\n<li class=\"li3\"><span class=\"s1\">If your credit card number is stolen, not the physical card, you are not responsible for unauthorized charges under federal law.<\/span><\/li>\n<li class=\"li3\"><span class=\"s1\">If the actual card is stolen, you are liable for no more than $50 in authorized charges \u2014 as long as you report it to your card issuer. Some issuers won\u2019t even charge you the $50.<\/span><\/li>\n<\/ul>\n<p class=\"p1\"><span class=\"s1\">The difference is pretty shocking and you\u2019re probably wondering <i>when is a good time to use my debit card?<\/i> Surprisingly, it\u2019s safer to carry cash with you than it is to use your debit card in most situations. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">If your cash gets stolen, you lose whatever amount you were carrying. If your debit card goes missing, well, I don\u2019t have to tell you twice\u2026<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">But leaving your debit card at home is not always an option. Sometimes you\u2019re stuck having to use a debit card. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">So where should you absolutely AVOID using a debit card? <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">These are the top 10 places you want to leave your debit card in your wallet:<\/span><\/p>\n<h2 class=\"p1\"><b>1. Online Shopping<\/b><\/h2>\n<p class=\"p1\"><span class=\"s1\">Don\u2019t use a debit card online. If you have a problem with a payment and your card gets hijacked, you risk losing a large chunk of your money.<\/span><\/p>\n<h2 class=\"p5\"><span class=\"s1\"><b>2. Big-ticket items<\/b><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Whenever you\u2019re making a big purchase, try to put it on a credit card if you have the room. Why? Credit cards offer dispute rights in case something goes wrong with the purchase.<\/span><\/p>\n<h2 class=\"p5\"><span class=\"s1\"><b>3. Giving a deposit<\/b><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Anytime you\u2019re renting tools or need to put down a cash deposit for something, always use your credit card. If something goes wrong or the merchant decides they\u2019re going to keep your deposit when they shouldn\u2019t, you have no way of fighting if you pay by debit card.<\/span><\/p>\n<h2 class=\"p5\"><span class=\"s1\"><b>4<\/b><\/span><span class=\"s2\"><b>. <\/b><\/span><span class=\"s1\"><b>Restaurants<\/b><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Many restaurants will bring a payment machine to your table, but there are still places that will take your card to the back and run the payment through. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">You never know if a restaurant is going to scam you so it\u2019s best to keep your debit card in plain sight. <\/span><\/p>\n<h2 class=\"p5\"><span class=\"s1\"><b>5. New stores<\/b><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">If a new store opens up in your neighborhood, avoid using a debit card for the first few times you shop there. You might not know the quality of the goods you\u2019re purchasing and if there\u2019s any chance you have to return something, a credit card will provide you with more rights as a consumer.<\/span><\/p>\n<h2 class=\"p5\"><span class=\"s1\"><b>6. Items Being Delivered Later<\/b><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Ordering furniture or large televisions that you pay for in store and will be delivered later are prime suspects for fraud. It\u2019s best to use a credit card for the same consumer protection reasons mentioned above.<\/span><\/p>\n<h2 class=\"p5\"><span class=\"s1\"><b>7. Recurring Payments<\/b><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">There\u2019s no doubt getting billed automatically makes life easier but what happens when you want to cancel a membership and the payments keep coming out? Never link your bank account to a recurring payment, always use a credit card. <\/span><\/p>\n<h2 class=\"p5\"><span class=\"s1\"><b>8. Future Travel<\/b><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Trips can be expensive so it\u2019s best to use a credit card and give yourself a longer window to pay down the balance. If you use your debit card, you\u2019re out of the total balance right away. <\/span><\/p>\n<h2 class=\"p5\"><span class=\"s1\"><b>9. Hotels<\/b><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Most hotels will place holds on your card to cover unexpected costs or expenses that don\u2019t immediately show up on your itemized bill. Always use a credit card for this in case charges show up that shouldn\u2019t be there. <\/span><\/p>\n<h2 class=\"p5\"><span class=\"s1\"><b>10. ATMs and Pay-at-the-Pump Gas Stations<\/b><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Lastly, avoid using your debit card at non bank-affiliated ATMs and pay-at-the pump gas stations. These places are usually poorly monitored so criminals prey on people in these environments.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">So before you go whipping out your debit card, keep these 10 spots in mind.<\/span><\/p>\n<p>To a richer life,<\/p>\n<p><img decoding=\"async\" class=\"align-none\" src=\"https:\/\/duip7hn7nchpo.cloudfront.net\/signature-nilus-mattive.png\" alt=\"Nilus Mattive\" \/><\/p>\n<p>\u2014 Nilus Mattive<br \/>\nEditor, <i>The Rich Life Roadmap<\/i><\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/10-places-you-should-never-use-your-debit-card\/\">10 Places You Should NEVER Use Your Debit Card<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/\">Daily Reckoning<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This post <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/10-places-you-should-never-use-your-debit-card\/\">10 Places You Should NEVER Use Your Debit Card<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/\">Daily Reckoning<\/a>.<\/p>\n<p>Debit cards are not as well protected as credit cards. And since your debit card is linked to your bank account, anyone with your debit card information can have access to all your funds. So where should you absolutely AVOID using a debit card?<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/10-places-you-should-never-use-your-debit-card\/\">10 Places You Should NEVER Use Your Debit Card<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/\">Daily Reckoning<\/a>.<\/p>\n","protected":false},"author":55,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[2356,500,2357,366,2358,2359,2360,923],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1111001"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1111001"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1111001\/revisions"}],"predecessor-version":[{"id":1111002,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1111001\/revisions\/1111002"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1111001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1111001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1111001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}