I like to do my day to day transactions in fiat, whether in the FSoA or Mexico. But sometimes you just need some plastic. I learned that the hard way when a TBTJ bank closed down all my accounts for no apparent reason last fall other than I was, in their parlance, a deadbeat, meaning that I never allowed a carry over debt on my CC, or borrowed money from them in any other manner. Banks do not need checking account deposits any more now that Da Fed reserve requirement is functionally zero. This has had a major impact on the toaster industry.
I now have three bank accounts and a debit card for each. My question is: Is there anything you can’t do with a debit card that you can do with a credit card beyond turning yourself into a debt slave? For example, I have heard rumors that it is harder to rent a car with a DC. Once again, I am not referring to borrowing money from a bank.
Sorry, the comment form is closed at this time.