Re: Ok in http://www.dslreports.com/forum/r14459159 en Sat, 05 Dec 2009 05:33:05 EDT Sat, 05 Dec 2009 05:33:05 EDT Re: Ok http://www.dslreports.com/forum/remark,14462056 wwdubbia :
said by Ark See Profile :

You would call it a prepaid debit card, not a credit card. You aren't buying anything on credit if its prepaid, hence the original poster is right that it is an oxymoron. It doesn't matter if its one-time use or not.
However, debit cards rarely, if ever, report to the credit bureau, where the prepaids often do.

Many people use 'prepaid credit cards' to rebuild or establish good credit, whereas debit cards perform no such function.

The pre-paid credit card is not oxymoronic due to this differentiation.]]> http://www.dslreports.com/forum/remark,14462056 Wed, 28 Sep 2005 16:20:54 EDT Re: Ok http://www.dslreports.com/forum/remark,14460199 Ark : You would call it a prepaid debit card, not a credit card. You aren't buying anything on credit if its prepaid, hence the original poster is right that it is an oxymoron. It doesn't matter if its one-time use or not.]]> http://www.dslreports.com/forum/remark,14460199 Wed, 28 Sep 2005 11:54:39 EDT Re: Ok http://www.dslreports.com/forum/remark,14459965 MGD : Those policies do substantially reduce your exposure to fraud. However, it is worth noting that ideally the debit account should be at an institution that you do not have other deposit accounts with. That will preempt the option of attaching those accounts for overage recovery, or having them "on hold" until a fraudulent dispute is resolved.

MGD]]> http://www.dslreports.com/forum/remark,14459965 Wed, 28 Sep 2005 11:12:34 EDT Re: Ok http://www.dslreports.com/forum/remark,14459405 MikeVx :
said by cdru See Profile :

With a debit card, all the person has to do is wait until a Friday when the majority of the country gets paid, then go on a spending spree. By the time it is realized, it's too late and the damage is already done. Sure you MIGHT be able to get your money back, but depending on what the bank's policy is, it could be a while.
Which is why I class it as suicidal stupidity to have a debit card against a "live" checking account. I have a debit card, but the account is used for the card almost exclusively (the occasional small check also, but rare). If someone scams my card, the bank would guarantee the losses directly, but the hundreds to thousands I could lose in penalties and increased rates from bounced checks and other payment failures would NOT be covered. The dedicated account eliminates that problem, and all my repeating payments via the card are with companies that agree to behave nicely if I have to change card numbers due to scamming.

My regular account and other special-purpose accounts are all ATM-card only.]]> http://www.dslreports.com/forum/remark,14459405 Wed, 28 Sep 2005 09:43:36 EDT Re: Ok http://www.dslreports.com/forum/remark,14459159 cdru :
said by Ark See Profile :

Yeah, it's called a debit card
While you can consider a debit card a "prepaid" card, I think what the parent was trying to say was more a low-value or one-time use prepaid credit card. The cards basically are designed to make a single purchase and after that point, become basically useless as they have little value. If the card number is compromised, you are only out the remaining balance on that card if any. With a debit card, all the person has to do is wait until a Friday when the majority of the country gets paid, then go on a spending spree. By the time it is realized, it's too late and the damage is already done. Sure you MIGHT be able to get your money back, but depending on what the bank's policy is, it could be a while.
--
"What gives them the right to come in and do this?" she said. - Lady complaining that she was getting FIOS in her backyard.]]> http://www.dslreports.com/forum/remark,14459159 Wed, 28 Sep 2005 08:38:36 EDT Re: Ok http://www.dslreports.com/forum/remark,14458452 Ark : Yeah, it's called a debit card]]> http://www.dslreports.com/forum/remark,14458452 Wed, 28 Sep 2005 02:23:02 EDT Re: Ok http://www.dslreports.com/forum/remark,14457829 Smitedogg :
said by hayabusa3303 See Profile :

prepaid credit card
Anyone else see the oxymoron?]]> http://www.dslreports.com/forum/remark,14457829 Tue, 27 Sep 2005 23:53:48 EDT Re: Ok http://www.dslreports.com/forum/remark,14457636 Maarvin : I've gone to a similar strategy. A card with a $300 limit that I rarely use. I use cash for all else.]]> http://www.dslreports.com/forum/remark,14457636 Tue, 27 Sep 2005 23:26:01 EDT Ok http://www.dslreports.com/forum/remark,14455803 hayabusa3303 : Just one more reason i use a prepaid credit card. Try to get something when there is nothing on it:D:D:D]]> http://www.dslreports.com/forum/remark,14455803 Tue, 27 Sep 2005 19:06:53 EDT