Do You Use Debit Cards?
Sunday, July 1st, 2007Blogging away debt has some interesting insights on consumers who use debit cards. When she went to return an item at Walmart she asked for the credit back on her card. Much to her surprise she learned that her debit card information was stored within the bar code of the receipt-as it turns out the card information is not on the bar code but rather the transaction!
On another note concerning debit cards-banks are raking in tens of millions of dollars in fees from customers who don’t keep good track of their debit purchases. Most banks will gladly pay the merchants and charge you $35 a whack. If you don’t keep meticulous records-go back to the credit cards!