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[quote=Anonymous][quote=Anonymous]$300-$400 but I try not to use it if at all possible.  I prefer my debit card.[/quote]

Be careful.  The Credit Card Act of 2009 provides a lot of protections for CC use such that you aren't held responsible for too much loss from theft or identity theft (including if someone steals your card number but not your card).  At most, you can only be held responsible for up to $50 loss.  However the Debit Card provisions are very scant.  Regardless of how you lose the card/number, if you are the victim of debit card fraud, you have very little protection.  If you report your card lost or stolen within 48 hours you are only responsible for up to $50 loss.  However, after 48 hours, up to 60 days, you can be held responsible for up to $500 and if you fail to report the loss within 60 days, you could be held responsible for the entire loss without protection.  If you don't pay attention to your banks statements on a daily basis, you could lose up to $500.  If you really don't pay attention and they skim a little here, a little there until 60 days have passed and you haven't reported it, then they can scam you for your entire bank account.  Yes, people have fallen victim to this and lost their entire bank holdings with no protection.

This is only one way that debit cards are weaker than credit cards.  In this day and age, debit cards are a huge financial liability and risk.  I won't take one because it's way too insecure and an easy mark for fraud and identity theft that comes out of the card holder's pocket.

For those that pay off the full amount each month, not using a credit card with some form of cash back bonus is just throwing money away.  When I was a small business owner, I used to rack up $8-12K per month and would earn up to $1300 in cash back bonuses per year.  Now that I'm no longer an owner of the business, we still use $3-6K per month and we get up to about $800 in cash back bonuses each year.  Paid off in full each month, so no charges.  [/quote]

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