This is an interesting development… IKEA is offering a 3% discount (in the form of a voucher at the bottom of your receipt) if you pay with your debit card. Apparently they’ve been doing this for awhile, though I didn’t notice it until just recently. This is presumably their way of keeping a lid on [...]
According to a recent report, consumer borrowing fell in August for the first time in more than ten years. While this decrease was predominantly driven by changes in non-revolving debt, stores such as Kohl’s (KSS), Target (TGT), and Lowe’s (LOW) are reporting that shoppers are increasingly turning away from credit cards and opting for debit [...]
I written elsewhere about how and why to freeze your credit record, and I’ve also written about the ins and outs of renting a car. I was thus intrigued when I saw a blurb in a recent issue of Kiplinger’s Personal Finance Magazine about renting a car with frozen credit.
A reader had written in asking [...]
I just ran across an interesting article on renting a car with a debit card over at Blueprint for Financial Prosperity. In it, Jim provided a rundown of the debit card policies of the major car rental agencies.
The short answer is that it’s definitely possible to rent a car with a debit card. However, certain [...]
I’m sure that you’ve heard the statistics before… People who use credit cards spend more than those who use cash. The argument is that cash helps you to see and feel the money leaving your pocket, and thus it helps you reign in your spending.
While this makes perfect sense on the surface, where are the [...]
This is an interesting bit of news… MasterCard recently revealed that debit card transactions now outnumber credit card transactions in their network. Despite their many drawbacks, it thus appears that debit cards are really starting to catch on.
Source: Bloomberg.com
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