Huh? The fee on debit card use is in response to the cap on the debit card fees banks could charge businesses. Right or wrong, BoA is just passing those costs (or, reduction of incomes) on to consumers. Durbin knew that would happen but tried to pretend that his amendment would somehow benefit small businesses. Pretty smart; now that what Durbin knew would happen actually has happened, he can play "champion of the people" and focus more hate on the banks that raise debit card fees.

But I suppose small business owners are saving some money. Until they use their own debit cards...

I primarily use a debit card. I don't carry cash if I don't have to. It's easier to keep track of my purchases and see where my money goes. If I have cash in my pocket, it's much easier for me to spend for no reason. The debit card makes me think about what I'm buying. I don't have a credit card and, quite honestly, see no need for one. If I can't afford a purchase, I don't need it. So, for me at least, a debit card is a must.

I went in to it with a vague recollection of new regulations on fees
I wrote a little sumtin
I read the pbs link
I googled Durbin
I said found two links and read them
I said "Dat wittle rascal is dee-yoosh"
I posted links
I hit submit without a care in the world.
I typed that first part
To hell with anybody who demands I delete my hard work typing.

I learned a little in the process.
I feel I've grown a little.

I use a CC for everything... pay it off every month... and will earn at least $750 this year in cash back.

Used to use a debit card... until someone got a hold of it and wiped out my account. If you're responsible, the CC is the best way to go...

Sigh, the lack of logic in this statement is baffling.

Good to see common sense isn't dead.

I never make debit card purchases (PIN) but I make chack card purchases all the time (VISA/signature). When I first heard this story I just heard "debit" and pretty much ignored it thinking that it only applied to PIN purchases. Reading this article HERE it says that BoA will be charging for signature purchases too. My main account is at Wells Fargo who is testing a fee right now, if they implement it I will immediately close my account and go to USAA or ING who I also have accounts with and have stated that they will not be charginf fees. Ive had the same bank account since I was 12 and it pisses me off how banks treat their customers.

Keep speaking with your dollars guys.

My personal boycott list,

Nike
Netflix
Subway
Bell cellular
and soon to be my cable/internet provider.

I spend a fuck load of money, and these last couple of years I've enjoyed watching businesses fall because people are taking action. Where I choose to spend or store my money is only a drop in a bucket, but the drops add up eventually.

How so? I get rewards for using my debit card, so I'm not missing out there. I'm in school and have a limited budget. I understand that if I had a credit card, I'd be more tempted to live outside my means and have a continuous balance on my card which negates the advantages of using a credit card as my primary means of payment. I understand my spending habits, my income, and my current debt load. In my situation, a credit card doesn't work.

Word.

Most of the decorations in our home, the entire guest bathroom and countless other purchases have been made possible by the redeeming of reward points.

We are staying at a posh resort for a long weekend starting tonight...paid for with reward points.

If someone gets ahold of my card and charges $19k for what sound like surface to air missles (actually happend to me), I get a new card overnighted and don't lose any spending power.

I get a concierge service, automatic car rental insurance, road side assistance and other benefits from my card.

I also get to use the credit card company's money free for over a month.

CC > DC

I'll need a chart for proof. Or internet poll...