Credit cards – Blog Campcee Thu, 24 Nov 2022 01:54:00 +0000 en-US hourly 1 Credit cards – Blog Campcee 32 32 The holidays are approaching and so are credit card skimmers Thu, 24 Nov 2022 01:54:00 +0000

HARFORD COUNTY, Md. — The holidays are approaching, which means it’s time to keep an eye out for these scams.

A simple credit card swipe could cost you more than you bargain for.

With Black Friday shopping around the corner, many will be on the hunt for the best deals, but shoppers should beware.

“Obviously the scammers are going to figure out that there will be a lot more people out shopping when it comes to Black Friday purchases,” one person said.

Chief Deputy William Davis says devices called skimmers can be placed on ATMs, in cash scanners and gas stations. Most recently they were found at three locations in Harford County.

“At the point of sale, where the real scanner is, they put imitation scanners on top of the store scanners or the bank scanner, which also reads the card at the same time as the bank,” Davis said. .

This takes the information from your card’s magnetic stripe and sends it back to the thief.

“I hardly ever have cash, I use my card for pretty much everything I do and I know I shouldn’t but I do. It’s so convenient,” said George Sanders, a Buyer.

Sanders, like many others, prefers cards to cash. But he says it can keep him on his toes if he has to keep tabs on someone trying to steal his information.

“I do my best to watch what the cashiers are doing because whoever’s in the lane with me or behind me is looking at their phone and stuff, I’m cautious about that as well,” Sanders said.

It’s not just mall thieves who will be targeting this vacation, it’s travelers too.

“I just arrived and put the card in like I normally do and didn’t think too much about it,” said Joe Reagan, a customer at the gas station.

Paying at the pump is a convenience you can take advantage of.

Skimmers can put the device inside the machine, which can often go unnoticed, leaving thieves to target those who don’t know.

“I’m going to watch more carefully than I did, now that I know because I’ve never heard of that,” Reagan said.

To avoid these tricks, it’s best to carefully check card readers for anything loose, damaged, or unusual.

Use credit cards instead of debit cards.

Set alerts on your phone when your card is used.

And at gas stations, use pumps close to the cameras.

If you suspect a skimming device is being used, tell the store clerk and call the police.

Consumer Groups Demand Tougher Regulation for Buy Now, Pay Later Loans to Reduce Harm | Buy now, pay later Mon, 21 Nov 2022 06:57:00 +0000

Providers of buy-it-now, pay-later should be regulated like other credit products to protect consumers, given the potential damage caused during the cost-of-living crisis, a coalition of consumer groups has said.

On Monday, Federal Financial Services Minister Stephen Jones released a Treasury document for public comment. It contained three options to better regulate buy now, pay later (BNPL) services such as Afterpay, including treating them the same as credit cards under the National Consumer Credit Protection Act.

The less stringent options are to partially regulate the BNPL under the Credit Act or to strengthen existing self-regulation and require services to carry out affordability checks.

The Treasury document said current loopholes in BNPL regulations meant that Australians using the services risked being harmed. There was potential for financial stress from unaffordable loans and sales practices that encouraged the use of BNPL for everyday consumer goods such as groceries.

Consumer groups including Financial Counseling Australia, the Consumer Action Law Center and Choice said in a joint statement that partial self-regulation is not enough and that these options will cause continued harm.

“Most of the people who use the BNPL have low and sometimes precarious incomes. Although the amounts people borrow may seem small, the impact when the debt cannot be paid is not. People have to give up other essentials to pay their BNPL debts,” Financial Counseling Australia chief executive Fiona Guthrie said.

“BNPL is credit, pure and simple, so it needs to be regulated in the same way as other credit products to provide people with adequate collateral.”

According to the document released by the Treasury, there were 7 million active BNPL accounts and $16 billion in transactions in the last fiscal year, a 37% increase from the previous year.

A report by Good Shepherd found that 84% of financial advisers surveyed said clients indebted to BNPL had tried to manage the debt by opening more BNPL accounts. He also found that BNPL services were increasingly becoming a source of financial abuse due to the ease with which accounts could be opened.

BNPL products are currently self-regulated under an industry code and are not required to undertake credit checks. However, some companies like Zip – a well-known BNPL product – do.

Zip’s chief executive, Cynthia Scott, said the company supports all BNPL services required to perform credit checks and would be “comfortable” with one of three options offered in the government document.

But Scott said she thinks the less stringent option proposed in the document — which is to bolster industry code by including accessibility controls — would serve the purpose.

“The level of exposure [using BNPL services] is considerably less than that of a credit card, so we anticipate that would be fit for purpose,” she said.

Australian Finance Industry Association chief executive Diane Tate said the group was not opposed to increased regulation of BNPL services. Afia has drawn up the industry code.

“[But] it should reflect how things actually work and how customers actually use them,” Tate said. “We will continue to advocate for proper regulation in the future.”

Jones told the Nine Network that the government wanted to make sure BNPL products worked safely and within the normal limits of other products.

“We’ve heard stories of people saying ‘this is a great innovation, it lets me use my phone like a credit card,'” he said. “But therein lies the catch, it’s not a credit card, it works outside normal credit laws and a lot of people are in hot water.”

Capital One Venture Rewards Credit Card vs. Capital One VentureOne Rewards Credit Card Fri, 18 Nov 2022 18:10:32 +0000

The Capital One Venture Rewards Credit Card and the Capital One VentureOne Rewards Credit Card are strong credit cards with travel rewards, the Venture Rewards Card and the VentureOne Rewards Card. Both offer a way to turn your rewards into travel as well as a handful of travel perks to add some convenience to your travels – but there’s one major difference between them.

The Venture Rewards card is an upgrade from VentureOne: it offers higher rewards and more benefits, but it also costs $95 per year. For most travelers, the Venture will be a better value despite the annual fee. However, if you don’t travel often enough to justify the cost, the VentureOne is one of the best trips cards without annual fee.

Which card does it better?

Card feature Winner

Annual subscription

Venture One



welcome bonus


APR introductory offer

Venture One



Capital One Venture Rewards Credit Card

Introductory offer: New Venture cardholders can earn 75,000 miles once they spend $4,000 on purchases within 3 months of account opening

APR: 18.99% – 26.99% (Variable)

Recommended credit: Excellent, good

Reward rate

  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of travel options
  • Earn unlimited 2X miles on every purchase, every day.

Annual fees: $95

Capital One VentureOne Rewards Credit Card

Introductory offer: Earn 20,000 bonus miles once you spend $500 on purchases within 3 months of account opening, which equals $200 on travel

APR: 17.99% – 27.99% (Variable)

Intro Purchase APR: 0% intro on purchases for 15 months

Recommended credit: Excellent, good

Reward rate

  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of travel options
  • Earn unlimited 1.25X miles on every purchase, every day.

Annual fees: $0

Annual subscription

Winner: VentureOne Awards

VentureOne rewards have no annual fee, while the Venture costs $95 per year. In a vacuum, the VentureOne has a clear advantage, but you’ll have to decide based on your spending habits whether the Venture’s annual fee is worth the extra perks.


Winner: Corporate Awards

Since both cards offer a fixed rewards rate on all purchases, it’s easy to compare and see the Venture’s superior value. The Venture card offers 2x miles per dollar for all your purchases while the VentureOne offers 1.25x miles. No matter how much you spend on the VentureOne, its rewards will never eclipse those of the Venture.

As long as you redeem your miles for past travel purchases, each mile will be worth 1 cent. You can also redeem for statement credits, gift cards, and purchases through Amazon and Paypal, but the value per mile may be different.

welcome bonus

Winner: Corporate Awards

The Venture Rewards card offers a considerably larger bonus than the VentureOne, which is not unexpected given the annual fee. this is the upgraded version of the map. Here are the two welcome bonus:

  • Venture Rewards Card: Earn 75,000 miles once they spend $4,000 on purchases within three months of account opening
  • VentureOne Rewards Card: Earn 20,000 miles after spending $500 on purchases within three months of account opening

As long as you redeem for travel through Capital One Travel, the bonuses are worth $750 and $200 respectively. Note that while you get more value from the Venture’s welcome bonus, you also have to spend a lot more to reach it.

APR introductory offer

Winner: VentureOne Awards

Since the Venture Rewards card doesn’t provide cardholders with an upfront purchase APR, the VentureOne has the edge if you’re interested in mid-term financing or working on existing debt. New cardholders have 15 months to refund their purchases or balance transfers at 0% introductory interest before the standard APR of 17.99% to 27.99% (variable) applies.

A intro buy APR is particularly useful on a travel map, as it provides a buffer for emergency expenses while you are abroad – as if you unexpectedly had to book another flight home.


Winner: Corporate Awards

Considering these are travel cards, this is arguably the most important category. The Venture Rewards is once again the winner, mainly due to its extensive travel benefits.

While the VentureOne has a lot to offer for a no-annual-fee travel card, it can’t compete with the amenities offered by the upgraded version. The Venture offers an application fee credit for Global Entry or TSA PreCheck that gets you through customs or the TSA faster. It also offers two free visits each year to Capital One lounges, but there are only three lounges of which only one is open.

Still, the application fee credit — along with the card’s higher rewards — makes the Venture Rewards card the better travel card of the two.

You can compare all the benefits of each card below:

Card benefits

Corporate Awards VentureOne Rewards

Collision Damage Waiver for Rental Vehicles*

Collision Damage Waiver for Rental Vehicles*

Travel accident insurance*

Travel accident insurance*

Extended Warranty*

Extended Warranty*

Global Entry or TSA PreCheck application fee credit

Hertz Five Star Status

It should be noted that the VentureOne still offers a lot for a card with no annual fee.

The bottom line

The Venture Rewards Card offers better rewards and travel benefits than the VentureOne. If you travel enough, the benefits will outweigh the annual fee.

That said, the VentureOne is still a solid choice for people who only travel a few times a year. It offers an impressive selection of benefits and a solid rewards program with no annual fee.


Is paying an annual fee worth it?

It can be. Often a card with an annual fee offers more benefits and higher rewards than a card without. But you will need to make sure it fits your budget. If you don’t travel enough or spend enough to justify the cost, first consider a card with no annual fee.

What are foreign transaction fees?

When you make a purchase with your credit card outside the United States, some credit cards will charge you a percentage of the purchase if it is to be made in another currency. 3% is the industry standard, but some credit cards may charge more.

What are Global Entry and TSA PreCheck?

Global Entry and TSA PreCheck are programs designed to speed up your airport experience. Global Entry aims to get you through customs faster while TSA PreCheck gets you through airport security much faster.

*Terms, conditions and exclusions apply. Please see your Benefits Guide for more details.

Editorial content on this page is based solely on objective, independent assessments by our editors and is not influenced by advertising or partnerships. It was not supplied or commissioned by a third party. However, we may receive compensation when you click on links to products or services offered by our partners.

This hot new card earns up to 6% back at Walmart Tue, 15 Nov 2022 20:19:50 +0000

Image source: Getty Images

It fulfills an indispensable role in our reward maximization strategies.

Key points

  • The new US Bank Shopper Cash Rewards Card offers up to 6% cash back at popular retailers.
  • Pick two retailers each quarter from a list that includes popular stores like Walmart, Target, and Apple.
  • The 6% cash back category is capped at $1,500 in combined category purchases each quarter.

Whether you have one rewards card or 10, the goal is the same: to earn as many rewards as possible on your purchases. To that end, the key to maximizing your rewards is to seek out the best rates on the purchases you make the most.

For some purchases, it’s easy. You can find cards with bonus rewards on travel, restaurants, and even streaming services. But outside of these popular categories, finding the right card can be trickier, especially when it comes to some of the retailers we shop from every day.

Want bonus rewards at Walmart or Amazon? How about a card that will reward that holiday shopping spree at the mall? Often, earning rewards on these types of purchases means signing up for a store credit card. And while some store cards are worth it, many others aren’t.

Check it out: This card has one of the longest 0% interest intro periods.

More: Consolidate your debt with one of these top-rated balance transfer credit cards

Meet the card that rules them all: the US Bank Shopper Cash Rewards™ Card. Yes, the folks who brought you the US Bank Cash+® Visa Signature® Card, one of the best cash back cards for maximizing rewards, have done it again.

Earn up to 6% back at major retailers

The new US Bank Shopper Cash Rewards™ Card is a unique card that offers up to 6% cash back on up to $1,500 in combined purchases at two major retailers each quarter.

Which resellers? This is the kick; you can choose where you earn bonus rewards from a list that includes a ton of big names:

  • Ace Hardware®
  • Apple®
  • Anthropology™
  • Bed, Bath and Beyond®
  • Best Buy®
  • Crate & Barrel™
  • Disney®
  • The Home Depot®
  • Ikea®
  • Kohls®
  • Lowe’s®
  • Lululemon™
  • Macy’s™
  • Menards®
  • Nordstrom™
  • Barn® Pottery
  • QVC®
  • Restorative Materials™
  • Target®
  • Walmart®
  • Williams Sonoma®

It’s a long list, but a few of these names stand out more than others. For example, Walmart is included in the list. And yes, it’s Walmart, not just By comparison, the Capital One Walmart Rewards Mastercard only earns 2% at Walmart stores and 5% online.

The addition of Walmart is particularly interesting given how many people shop at Walmart. Traditional grocery rewards credit cards generally don’t count Walmart stores as groceries, so you don’t earn the bonus rewards. Now this card can fill that gap in your rewards – and at a rate comparable to the best grocery store rewards cards.

But Walmart isn’t the only name worth noting. Target, Amazon and Best Buy are also on this list. All three retailers offer high rewards rates (or, in Target’s case, discounts) – but they still pale in comparison to the US Bank Shopper Cash Rewards™ Card (at least until you hit the cap quarterly of $1,500).

Oh, and to top it all off, you can choose new retailers each quarter – or keep the ones you already have. This makes it easy to tailor your bonus categories to your spending habits. So you can choose Walmart for back-to-school shopping, then switch to Apple or Macy’s for holiday shopping.

Up to 3% back in an everyday category

Selecting your retailers isn’t the only choice you’ll have to make each quarter. You can also choose a 3% return category from a list of daily options:

  • Petrol and EV charging stations
  • wholesale clubs
  • Domestic bills and charges

Your 3% return is capped with its own purchase limit of $1,500 per quarter. As with your 6% categories, you can choose a new one each quarter, or re-select the one you chose previously.

Once you hit your spending limits, you’ll earn 1.5% on qualifying purchases. This is also quite remarkable considering that most cards with such high bonus categories only earn 1% back on out-of-category purchases.

$95 annual fee waived the first year

Alright, so you can’t expect a card this good to be entirely flawless, can you? And you would be right. Starting in the second year, cardholders will be charged an annual card fee of $95. That said, it still gives you a year with no annual fee to see how much you can earn.

Beyond that, you’ll need to consider whether the card is really worth that annual fee. For those who can max out categories by 6% each quarter, you’re looking at $360 cash back per year. Max out the 3% category and you’ll earn even more. But if you find yourself falling short, it may be best to stick with cards with no annual fee, even if they earn less.

The best credit card waives interest until 2024

If you have credit card debt, transfer it to this top balance transfer card guarantees you an introductory APR of 0% for up to 21 months! Plus, you won’t pay any annual fees. These are just a few of the reasons why our experts consider this card a top choice to help you control your debt. Read our full review for free and apply in just 2 minutes.

Faridpur Bhanga Credit Card Scammers! Sat, 12 Nov 2022 06:55:00 +0000

The Detective Branch (DB) of the Dhaka Metropolitan Police has tracked down a group of cyber crooks based in Faridpur’s Bhanga who mainly target people with credit and debit cards.

This year, the DB’s Cyber ​​and Special Crime division received at least three such cases where scammers defrauded a considerable sum, a DB official said.

One of the gang’s victims, Md Jahidur Rahman Akanda filed a complaint with Tejgaon police station on February 13, where he mentioned that one of the scammers called him introducing him as a representative of the center of calls from his credit card provider, Langka Bangla Limited.

He asked Jahidur to provide some information needed to upgrade or update the credit card password. He also asked for the CVV number on the back of a card.

“After I gave him the password and CVV code, 2,10,000 Tk was withdrawn from my card in about seven minutes. In each of the seven transactions he made, he transferred 30,000 Tk on other accounts,” the filing reads.

In another case filed with Ramna Police Station, another victim, Md Hasanuzzaman, mentioned that a scammer posing as a customer service operator called him and scammed him.

“The scammer scammed Tk 30,000 from my credit card from a reputable private bank,” he wrote in the case.

A DB official said that Md Rezaul Matubbar, president of Kalamridha parishad syndicate of Bhanga upazila of Faridpur, allegedly sponsored the crooks. With the direct help of his friend Didar Munshi, he orchestrated the formation of the gang. Police also discovered that there were about five cases, including drug and fraud-related cases, against the president.

Cyber ​​and Special Crime Division Deputy Commissioner Tareq Bin Rashid told The Business Standard that they have already launched a campaign to catch the scammers.

“After reviewing numerous complaints, we have learned that some influential people in Bhanga upazila are involved in the gang. Once they are identified, we will arrest them,” he added.

The president of the parishad union declined to comment on the allegation.

Why I’m Considering a Balance Transfer Card to Pay Off My Travel Card Debt Mon, 07 Nov 2022 12:00:48 +0000

I’m still a fairly recent graduate and I continue to plod along through the post-graduate journey. I applied for my first credit card (reluctantly) when I was a sophomore in college, and it was the Discover It® Chrome Student Credit Card. I didn’t know much about a la carte and was wary of it, to say the least. As the child of a first-generation credit user, I didn’t trust credit cards in general and quickly relegated that student card to a “hardly ever use” category.

However, as I got older and started my career in personal finance (covering credit cards, no less), I learned important information that completely transformed my view of credit cards. The more knowledge I gained, the more prepared and excited I was to start looking for the next card I would apply for. The second map request would be the first map that I fully understand. Instantly, I set my sights on travel credit cards.

My first travel credit card

For me, the best thing about getting a college degree was the freedom I found. As my friends and I dispersed to various parts of the country to start jobs, higher education and more, the opportunity to see so many new places seemed endless. So why not earn travel rewards on all those trips and more? Armed with new knowledge about credit cards in general, but more specifically about how travel credit cards work, I started shopping for my first travel credit card.

There were a few things I kept in mind when choosing my travel card. I knew I wasn’t loyal to any particular airline, so a co-branded credit card wasn’t high on the list. I also knew that while I had plans for the near future, realistically my travels would become less frequent over time. I was aiming for a card that had decent short-term value (an easy sign-up bonus), travel rewards that I would accumulate on daily purchases, and no annual fee. At the end of my research, I checked all of these boxes with the Capital One VentureOne Rewards credit card.

I was approved quickly and earned the sign-up bonus easily, thanks to a quick trip home for the holidays. In the first few months with the card, I went back to my alma mater several times, visited friends in California and New York on back-to-back weekends, went to a friend’s wedding college in their hometown and have traveled to my own family home more than once.

Needless to say, I quickly built up a large balance and am one of at least 60% of people who have been in credit card debt for at least 12 months. Now that my travel frequency has stabilized as planned, I try to pay off this balance as quickly as possible for several reasons.

How I plan to pay off my travel card debt

As the odds of a recession increase and interest rates continue to rise, now is the best time to focus on paying off high-interest credit card debt. Also, as a recent graduate who has benefited greatly from the suspension of student loan repayments, the impending end of this program has me taking a hard look at my budget. One tool that helps consumers pay off their high-interest credit card debt is a balance transfer credit card.

This type of credit card allows consumers to transfer a credit card balance from one account to another with zero percent interest for a specified period. You will also pay a fee to complete a balance transfer (usually 3 or 5% of the transferred balance). The biggest benefit of a balance transfer card is that it can save you a bit of interest by buying you time to create a plan to eliminate as much debt as possible during the intro APR period. . Here are some steps I take as I prepare to complete a balance transfer.

1. Pay off as much of the current card balance as possible

When I manage to complete my balance transfer, I want to transfer as little balance as possible. The lower the balance transferred, the lower the balance transfer fee added. Also, by transferring less, I would be able to pay off the balance faster and improve my credit rating by reducing my credit utilization rate. I plan to pay off as much as possible before making my transfer by paying well above the minimum payment on my travel credit card as often as possible.

2. Establish a repayment game plan

It’s best to get a balance transfer card knowing a few key details, like how long you’ll need to bring the balance down to zero before the end of the card’s introductory APR period. Plan how much you want to pay for your debt each month and start setting aside some of that money before you begin the transfer. Also, don’t forget to factor in the card’s balance transfer fee and set aside some funds to pay for this additional cost as well.

3. Compare balance transfer cards

Once you’ve established your repayment plan, research the best balance transfer card to meet your goals. Some cards will have different introductory APR period lengths, balance transfer fees, and ongoing APRs that you’ll want to be aware of if you end up with a balance after the introductory period ends. Choose a card that best fits your personal repayment schedule to maximize its value.

The Best Balance Transfer Cards I’m Considering

Although I’m not quite ready to transfer my balance just yet, there are a few balance transfer cards that I’m strongly considering using when the time comes. There are three main features that make up the best balance transfer card for me: the longest introductory APR period available, an introductory APR period on purchases, and no ongoing rewards program.

Citi Diamond Preferred Card: Best for Great Credit

The Citi® Diamond Preferred® Card has one of the longest introductory APR offers on balance transfers, with a zero percent APR for 21 months (and then 15.99% to 26.74% variable) . You can eventually be approved with good to excellent credit (a FICO score of 670 and above) and can focus on paying off without the distraction of trying to earn rewards because there is no rewards program. The current APR is also on the lower end of today’s average credit card interest rate, which could be a plus if you have a balance.

BankAmericard Credit Card: The Best No Penalty APR

In addition to hitting all my favorite card features (a long introductory APR on balance transfers, an equally long introductory APR on purchases, and no rewards structure), the BankAmericard® credit card also adds the added benefit of not charging an APR penalty if you miss a payment. Be careful, missed payments will always have a negative impact on your credit. This card will get you an introductory APR of zero% on balance transfers and purchases for 21 billing cycles (then 14.99% to 24.99% variable).

Citi Simplicity Card: the best with no late fees

Like the BankAmericard, the Citi Simplicity® card ticks the boxes while providing an added benefit. This card will not charge late fees if you make a late payment, although you may still be affected by an APR penalty and a drop in your credit score. The card has an intro APR of zero percent on balance transfers for 21 months (then 16.99 percent to 27.74 percent variable).

The bottom line

During my post-college life, I learned a lot about my financial goals and the best ways to achieve them. I’m glad I took the plunge and applied for my first travel credit card and I’m glad I used it too. I have confidence knowing that there are tools designed to help me manage my debt effectively, so I can continue to live my life the way I want. The same can be said for you, as long as you play your cards right.

Man found asleep in stolen U-Haul with stolen credit cards and IDs – FOX13 News Memphis Fri, 04 Nov 2022 22:20:34 +0000 > Read more trending news The Port St. Lucie Police …]]>

PORT ST. LUCIE, Fla. – A man found asleep in a U-Haul truck with the door open and the engine running has been arrested after police say they found him with credit cards, social security cards and driver’s licenses. drive that had been reported stolen.

>> Read more trending news

The Port St. Lucie Police Department said in a news release that officers found Grover Willis asleep in the U-Haul at a Speedway gas station at 3 a.m. Wednesday. Police said when they asked to see his driver’s license, he had trouble producing because it was mixed in a bag with several social security cards, credit cards and other driver’s licenses which officers learned they were robbed in South Florida.

Officers said they quickly discovered the U-Haul was reported stolen in South Florida and that Willis did not have a valid driver’s license. Police said in the news release that officers also found a crack pipe and cocaine inside the vehicle.

Police told WPEC that Willis was arrested after initially resisting arrest. He was charged with grand theft of a motor vehicle, unlawful possession of five or more pieces of identification, possession of cocaine, possession of drug paraphernalia, resisting an officer and driving a a vehicle without a valid licence.

Survey: credit card debt at record high Tue, 01 Nov 2022 12:22:42 +0000

A new survey indicates Canadians are relying more on credit cards amid persistent inflation and rising interest rates.

Equifax Canada’s consumer survey released Tuesday found that the average credit card balance held by Canadians was at an all-time high of $2,121 at the end of September.

Equifax says the average non-mortgage debt was $21,188, returning to levels not seen since the first quarter of 2020.

Canadians feel less secure about their financial outlook than a year ago, and more than half are worried about paying regular bills like rent, utilities or insurance, especially adults 65 and older .

More than half of Canadians surveyed said they were very worried about their level of personal debt.

Julie Kuzmic of Equifax Canada says the previous average credit card balance was in the fourth quarter of 2019 at $2,118.

She says average credit card debt has fallen during the pandemic, but credit card usage has now increased for six straight quarters.

“Credit card usage is at historic highs,” Kuzmic said in a statement Tuesday.

She said the increased use of credit cards would be a “slippery slope” for some, as debt could be harder to pay off in the current economic environment.

More than half of respondents said they are either looking for more deals at the grocery store than a year ago or cutting back on grocery shopping altogether.

This report from The Canadian Press was first published on November 1, 2022.

Can you replace your debit card with a credit card? Fri, 28 Oct 2022 12:00:42 +0000

Image source: Getty Images

Debit cards and credit cards do not work the same way.

Key points

  • Debit and credit cards are important financial tools, but they differ in many ways.
  • You can use your debit card to withdraw money from your bank account as well as to pay for purchases.
  • If you use a credit card to pay for your purchases, then you must reimburse the credit card company.

Credit cards are powerful personal finance tools. Although you should use them with care, they can make everyday shopping easier.

You may be wondering if you can replace your debit card with a credit card. While your credit card can’t do everything your debit card can do, it can do a lot – and in some cases, more. In fact, you can manage most of your financial needs using a credit card instead of a debit card.

Let’s go over the differences between these two types of cards below.

Check it out: This card has one of the longest 0% interest intro periods.

More: Consolidate your debt with one of these top-rated balance transfer credit cards

What is a debit card?

You can use a debit card to pay for your purchases. Your debit card is linked to your checking account and money is withdrawn from your bank account when you buy something with your debit card. So you use your own money to buy things when you swipe your card.

What is a credit card?

Similar to debit cards, you can also use a credit card to buy things. However, your credit card is not linked to a bank account. Instead, you’ll borrow money when you make a purchase.

Since your card is not linked to a checking account, you will owe the credit card company money when your credit card statement arrives.

If you don’t pay your balance in full each month when your credit card bill comes in, you’ll be charged interest on the balance, which can be very expensive. Using your credit card to charge what you can afford and pay the full monthly balance is a wiser move.

Can you replace your debit card with a credit card?

So, can you replace your debit card with a credit card? For the most part, yes.

You can purchase items from most in-store and online retailers using your credit card. With rewards credit cards, you can earn valuable rewards on your spending. Debit card rewards are harder to find; they are generally not very generous.

In addition, credit cards include extensive fraud protection. You’ll be protected if your credit card is used to make fraudulent purchases because most of the best credit cards offer $0 fraud liability benefits.

So using your credit card like you would a debit card can be a smart move, but it’s essential that you be careful. Do not charge your card without first considering your financial situation. Stick to your budget and only charge what you can afford to pay each month. Credit card debt can be a costly problem that negatively impacts your credit score and finances.

Credit cards can help you build credit

Otherwise, why would you want to use a credit card regularly? If you use your credit card carefully, you can increase your credit. You can increase your credit score by charging purchases to a credit card and then making regular payments to it to pay off your balance each month.

Do not use your credit card to withdraw money

Cash withdrawals are something your credit card doesn’t do as well as a debit card. You can use a credit card at an ATM to get cash, but it’s not the best financial solution.

Your card issuer will charge you a cash advance fee. Typically, these fees range from 3% to 5%, which means you will be making an expensive choice. Suppose you decide to use your credit card to withdraw money from an ATM and your card issuer charges a cash advance rate of 5%. If you withdraw $500, you will pay a $25 cash advance fee. Plus, cash advances typically start earning interest immediately, rather than at the end of your credit card’s billing cycle like card purchases. If you instead use your debit card to withdraw cash from your bank’s ATM, you won’t pay any fees.

Should you stop using your debit card?

With the cost of cash advance fees in mind, you probably won’t want to get rid of your debit card anytime soon. Here’s what you can do instead: Plan to use your debit card to withdraw cash from ATMs, but get in the habit of using your credit card for everyday purchases. This way, you can boost your credit, potentially earn credit card rewards, and take advantage of credit card fraud protection.

Thinking of applying for a credit card? Check out our list of the best cashback credit cards to learn more about cards that offer cashback.

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Thief enters unlocked vehicle, steals cash and credit cards: Broadview Heights Police Blotter Tue, 25 Oct 2022 11:31:00 +0000


Theft from a car, Sprague Road: On September 17, police were dispatched to an address in Sprague Road regarding a vehicle break-in.

A comer spoke to the caller, who said she had left her vehicle unlocked in the driveway.

The next morning, she returned to the vehicle to find the glove box open. The woman reported that a thief took $20 cash, a wallet, a driver’s license, two debit cards and three credit cards.

The appellant canceled his cards; however, a debit card had been used.

There are no suspects. The police are investigating.

Substance Abuse, I-77: On October 1, police observed a silver Saturn Vue with no markings traveling south on I-77.

After changing lanes, the Vue rolled for a while before coming to a stop. That’s when the officer saw an expired temporary tag that had been clogged with privacy tint and road grime.

The officer approached the driver, who recognized him from a July incident in which he was arrested with a warrant.

In addition, the officer smelled marijuana. The driver said he had just smoked a cockroach.

During a search of the Saturn, the officer found a satchel (never a good sign) with pills, marijuana, and a digital scale.

The man was arrested for drug use and possession of drug paraphernalia. He was also cited for driving without a valid license and expired plates.