Are people falling in love with their debit cards? During the quarter ending December 31, 2008, people made $203 billion in purchases using their Visa credit cards. During that same period, people made $206 billion in purchases using their Visa debit cards. (You can read more by viewing Visa’s latest SEC Filing. These figures are for U.S. purchases only.) Also,…
Category: Debit Cards
Debit Card Rewards, Limits, Holds
I recently asked a representative from Visa’s debit card division (site sponsor) several questions about my favorite alternative to the credit card – the debit card. Here’s what the representative stated about debit card rewards programs, transaction limits, and debit card holds. Are there rewards programs for using debit cards? About 85 percent of U.S. households participate in at least…
Debit Card Liability Protection
I recently asked a representative from Visa‘s debit card division (site sponsor) several questions about my favorite alternative to the credit card – the debit card. Here’s what the representative stated about debit cards and zero liability protection. Is there a difference between the protection for a debit card and a credit card? Despite the popularity of debit cards, consumers…