Many, if not most, people have credit or debit cards, including many high school students. Although online usage is probably the biggest assumed risk with credit cards, many other surprising places have proven to be risky.
According to research from various sources such as the Credit Union National Association and the National Consumer Law Center, the top 10 places that you should NEVER use your credit card are:
Online
On "Big Ticket" Items
When a Deposit is Required
In Restaurants
When You're a New Customer
"Buy Now, Deliver Later"
On Recurring Payments
Future Travel
Gas Stations and Hotels
and
Checkouts and ATMS that "Look 'Off'"
Although some of these places may seem pretty random, the reasons for each are provided, in detail, in the full article. For example, if you use a debit card at a gas station or a hotel, "some gas stations and hotels will place holds to cover customers who may leave without settling the entire bill".
These ten particular places surprised me, other than "online". Have any of you ever experienced an issue with using a debit card in these or other places?
Monday, March 22, 2010
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2 comments:
I always use my debit card at restaurants and when I pay for gas. I never thought it would be risky. Thanks for the heads up!
This is very scary to think about because I use my debit card in the majority of these places... i do not want people stealing my precious money.
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