From ING Direct to Capital One Discover. From fuck Wellsfargo, I'll never do business with them again to two of my subsequent mortgages being sold to them over the last 20 years without my consent. This entire world is designed explicitly to fuck people over at literally every turn as long as someone in the chain somewhere can pocket an extra buck.
People who don't have credit? I used a debit card at one point, though I don't anymore.
But also, they're looking at moving their credit cards to Discover as well, which would make huge waves (both in the credit card/banking world, and for their customers, who would probably find it very annoying).
Nearly every transaction account in Australia now uses a debit card as the access card, usually Visa debit. Some people will have a credit card in addition to that.
Other than merchant transactions, the CapitalOne MC card was one of the recommended cards for overseas ATM withdrawal, so the transition to a different network with almost zero international coverage has been very jarring.
Using my debit card doesn't force the vendor to send 2-3% of the transaction to a company that's in a country threatening to invade mine in exchange for piss poor rewards.
I use mine at Costco for purchases over $300 (limit for tap). At least here in Canada, they only accept Mastercard, not Visa, and I don't remember the PIN for my Mastercard.
Setting your incredulity aside, I'm curious why you think using a debit card would be so shocking. I effectively don't use a credit card at all: I use a debit card (or an equivalent Apple Pay representation thereof) exclusively. From my perspective, if I want something and I have the money, I'll pay for it. If I want something and I don't have the money, I won't pay for it. I don't often want things outside my budget (and I am not well-off, as a grad student), so I don't often feel any pressure to amortize the purchase over time with a credit card. And I prefer that state of affairs, because I don't want to get in the habit of using someone else's money if I can't afford to pay them back.
This isn't a value judgment on people who do use credit cards. There are plenty of reasons why using a credit card by default would be appropriate, and I'm not shocked to hear of someone who does so. But I am curious where your shock comes from, so I shared my story as a data point.
al_borland|1 month ago
tstrimple|1 month ago
weird-eye-issue|1 month ago
c2h5oh|1 month ago
apparent|1 month ago
But also, they're looking at moving their credit cards to Discover as well, which would make huge waves (both in the credit card/banking world, and for their customers, who would probably find it very annoying).
moorow|1 month ago
cyberrock|1 month ago
dpc050505|1 month ago
0xTJ|1 month ago
barbazoo|1 month ago
Twisol|1 month ago
This isn't a value judgment on people who do use credit cards. There are plenty of reasons why using a credit card by default would be appropriate, and I'm not shocked to hear of someone who does so. But I am curious where your shock comes from, so I shared my story as a data point.
seattle_spring|1 month ago
Intermernet|1 month ago