Debit Cards

Visa Debit Cards More Popular Than Visa Credit Cards

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, during the year 2008, the number of credit cards in use rose 2%, from 706 million to 813 million, as compared to the year 2007.  Over that same time, the number of credit cards in use rose 14%, from 795 million to 905 million.  (These figures appear to be for world-wide use.) Either way you look at it, debit cards…

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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 one rewards program. Increasingly, consumers are looking for rewards and value for the transactions they make every day, like paying bills, buying groceries, or filling up their gas tank. As consumers turn to debit cards for these types of purchases – instead of cash and checks – more financial institutions are introducing debit rewards programs. Often, issuers will pair up…

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Debit Cards

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 are often confused about the security features and consumer protections debit cards offer. Many of the same features and protections provided by credit cards are also offered with debit cards. It’s important to know that Visa debit cards carry the same protections as Visa credit cards. For example, all Visa cardholders are protected by Visa’s Zero Liability policy. This policy…

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