I have asked this question many times, and the answers are always the same. “When you are 20, you can have a debit card,” is the answer. “When you are 30, you can have a debit card,” is the answer. “When you are 60, you can have a debit card,” is the answer. “When you are 65, you can have a debit card,” is always the answer.
Well to get a debit card, you must first of all have an account with a credit card that you can access for the purpose of purchasing stuff with. This is not necessarily a bad thing as long as you don’t use your debit card to buy stuff with. That said, it’s good to have a credit card (or two or three), but a debit card is good for the same reason it can be used for the purchase of stuff.
You can buy stuff on a debit card, but you can only spend it on things you have an account with, which means the only things you can spend on a debit card are things you have accounts with. If you have a debit card, you can buy stuff that you have accounts with but can’t spend it on.
This is also one of the reasons they charge $0.99 per transaction (or, $0.99 per transaction with the card balance remaining) for a debit card. This is to protect against people spending more than they have. The idea is that people should be able to use a debit card for purchases, but only for purchases that they have an account with.
The debit card is one of those things that was created to help prevent us from spending money we don’t have. It’s a little less useful than some of the other tools (like credit cards) but it’s still useful. One thing that’s not as useful is to use a debit card to withdraw cash from ATMs. The reason is the same as above: It’s to guard against people spending more than they have.
There are a variety of reasons why someone would want to withdraw cash from an ATM instead of a debit card. Not the least of which is that the ATM is usually connected to the internet or some other technology that can be used for transactions. The ATM can be used to withdraw the cash directly from your account, which is far safer than a card swipe.
But there’s another reason that debit cards are a good thing. The debit card is linked to a web site that makes money available to the user (like a bank). This is important because the more you know about how the system works, the more you can do about it. If you make money available to the ATM on your debit card, then you know that you can withdraw that money from your account without having to go to a bank or the internet.
So the next time you need to buy groceries or have a new car or you need to buy a new phone or you need to put on your first pair of running shoes, you can do it. Most people can do this with debit cards, as they know what the debit code is, and when they want to pay for something. If you forget to put your debit card in your wallet, your debit card just sits there like a dead fish.
For the average person who just wants to buy a coffee to take with them in the car, debit cards are the answer. There’s a little catch. You have to be at least 18 years old to receive one. So if you are 21 or older, you are out of luck.
This is one of those things that is kind of cool, but not really important, and so often times it gets overlooked. Its a shame, because I’ve enjoyed the convenience of a debit card and my credit card as much as anyone can in the last few years. But since I’m older, I need another method of payment. I’m not looking to spend any time in the kitchen, so debit card might be a good idea.