If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
Thread Tools | Display Modes |
#15
|
|||
|
|||
Watch out for Credit Card fees when travelling to Canada
Debit cards have safeguards.
If my debit card is used improperly and I conform with the requirements, such as reporting the violation within forty-eight hours of my learning of it, I am protected. The difference between my credit card and my debit card has to do with what happens when it is used. My credit card bill describes the violation and I don't pay for it. My debit is deducted immediately. That deduction is recovered within ten days of the report. The immediate deduction sucks. You can get really screwed up if you have automatic payments get boggled in that ten day period. I also use my credit card for all purchases. It is safer. But there are safeguards on my debit card. Steve www.wolfswords.com under the motorhome link Rog' wrote: "Ken Harrison" wrote: I always use a debit card affiliated with a checking account whilst traveling in other countries. That is the *only* time I use a debit card, there being no transaction safeguards on them. I also use an account separate from my usual one so that if I do get stung, the thieves won't have access to the vast majority of my money. Even for everyday use, I keep debit-ATM money in an account that separate from my other accounts, and transfer $$ into it only as I forseeably may need, month-to-month. |
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Credit Card Currency Exchange Fees, Be-Gone! | Ablang | Travel - anything else not covered | 0 | April 14th, 2007 06:57 AM |
New Credit Card Fees! | Ray Goldenberg | Cruises | 12 | May 4th, 2005 01:34 AM |
Credit Card Fees Increase for Foreign Transactions | your.name@here | Air travel | 30 | May 2nd, 2005 04:45 PM |
Credit Card Currency Conversion Fees | Robert J Carpenter | Europe | 3 | April 27th, 2005 10:33 PM |
US Credit Card Forex fees | George Bozovic | Europe | 6 | August 31st, 2004 02:17 AM |