Quote:
Originally Posted by DuckieTigger
No it is not. The part where the money comes out immediately causes the issue. If you use your CC, then you can choose to not pay the whole balance off and wait for the charges to go back in case of fraud. Money gone out of checking, even if only temporary, is money gone that you can't use.
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You're not paying attention. I'm not talking about using a credit card. I'm talking about using a debit card
as a credit card. There is no actual credit card involved.
Not all merchants do debit cards. But most debit cards have a Visa or MasterCard logo on them, and merchants that do not accept debit cards can accept those and process them as if they were credit cards. They are not credit cards, and
none of the legal protections that apply to credit cards apply to them )(though banks generally extends the same protections as a matter of policy). More important, for you, as the consumer,
they are still a debit card. So no, you
can't not pay the whole balance, because
the money is still taken out of your account immediately because
it is still a debit card. But to the merchant, it looks and acts like a credit card.
This isn't that complicated.