Expert advice: Credit vs debit cards
News from WJXT Jacksonville:

  • Small Text
  • Medium Text
  • Large Text

CNN image

JACKSONVILLE, Fla. –

Among the financial decisions many people regularly face is when to use a credit card and when to use a debit card.

Money experts say debit card transactions are for everyday purchases: gas, a cup of coffee and recurring bills. Credit cards should be used for large, occasional expenses.

“Particularly travel related activity: Airfare, hotels, rental cars and things like that,” said Mary Svoboda of Jax Federal Credit Union. “When the transaction is very large, it can put a hold on the funds in your checking account, and that could cause problems with paying your mortgage, utilities…………… continues on WJXT Jacksonville

… Read the full article
.

Related News:

Telephone and internet credit card scams net €14m in year
News from Irish Independent:

INTERNET and phone scams netted a massive €14m from unsuspecting credit card customers and retailers in a year, according to the latest official figures.

They now account for almost three quarters of all credit card frauds.

The growth of what is known as ‘card not present’ fraud has been spectacular since the Garda national fraud bureau virtually eliminated the eastern European gangs who controlled ‘skimming’ rackets at ATMs and in retail outlets.

Garda operations led to the arrest of key Bulgarian and Romanian figures and drove the rest of the criminals involved in skimming out of the Irish market. Gardai believe many of these are now exploiting the market in Scandinavia, while others have moved into other types of fraud.

During 2004 and 2005 skimming, which involves electronically copying account details from an ATM card’s magnetic strip onto a blank plastic card, became the fastest growing white collar crime in Ireland.

The offence had not existed here in 2003 but in one eight-month period fraudsters skimmed at least €2m from ATM customers and targeted more than 100 ‘hole in the wall’ machines in the first 10 months of 2005.

…………… continues on Irish Independent

… Read the full article


Eagle Creek Direct Credit Card Wallet, Black
224543BLK000 Features: Key ring attachment loop 3 exterior pockets for credits cards and an ID One internal slot pocket for curren…
MW30170-TN Cowhide 4″ x 2.75″ Tan Leather Slim Line Credit Card Holder
Like only keeping your valued credit cards with you? This is a perfect slim-line credit card holder. Easy access and excess space …