I posted this in another thread and am reposting here:
Before traveling with an ATM card, please check with your bank's policies regarding lost and stolen cards. Rules and policies are not necessarily the same as they are with credit cards where you are normally liable for only the first $50 in charges.
"Mari Frank, an attorney who represents victims of identity theft, doesn't use debit cards. She uses a credit card for all non-cash purchases. She says she's heard too many horror stories from debit card holders whose checks bounced while the bank conducted a fraud investigation. "The resolution of the problem is so much harder with a debit card." __________________________________________________ ___ An excellent compromise to a debit card is as Corona mentioned, a pre-paid credit card. Our soon to be 14 yo has one for incidentals when she goes out with friends and their parents as well as for her two upcoming class trips.
I will look into the prepaid card...but still carry the debit card just in case. We will have cash and cheques so its not a big shabang...just wanted to know
as far as credit...we have an emergency card...but Aruba is definitely not considered emergency . We have a home and two cars.....but the debt was just sky high and for reasons of lack of self control (I) we decided that paying them off and cutting them up would be better. We have accounts open..just refuse to request a new card...no card means I can't pull it out in the store....lol awwww therapy does work With six kids it is definitely best for us to be able to spend our earnings on them versus paying the credit cards...it is definitely a personal decision...one that i never regret!!!