Forum Discussion
what's up with T-mobile removing autopay discount for credit cards?
I just read that you don't like to pay for us using our credit card. How would you feel if someone wiped out our bank accounts and we sued you for all the money that was stollen. How much would that...
bdizzy54 wrote:Debit card is linked directly to account. Automatically debited from account.
True, but it doesn't expose your routing information or bank account number. Most bank debit cards these days are issued by Visa or MasterCard and carry the same fraud protections as credit cards do. In addition, most have debit card controls, categorizations of spending and notifications that minimize the risks. The primary difference is that you need to actively monitor debit cards using notifications since the funds are made available immediately at the close of business on that day. This still gives you the opportunity to "stop" payment and report fraud as needed. These aren't your father's debit cards anymore. The landscape has changed, which is why I recommended talking to your bank about this - not all banks are the same. They aren't the same as ATM cards either. Or choose paper billing and checks - your choice but at least make an informed one not based on emotion.
If age has taught me anything, it's not to make hasty decisions without considering all the options and consequences. Nobody here is trying to scare you.
