antidote Posted January 14, 2004 Report Share Posted January 14, 2004 hi alli've been looking into geting a debit card seen as i haven't got credit card or ever had one.i can't go with another isp because you need a credit or debit card.i think i know that the banks charge you a monthly fee for a credit card or do they not to sure i don't mind paying a little charge when i use the card but to be honest i dont want a credit card .is there any monthly charges on a direct debit card or charges everytime i use it.as u can see i haven't any idea :lol: thanks Quote Link to comment Share on other sites More sharing options...
bvw Posted January 14, 2004 Report Share Posted January 14, 2004 There's no monthly fee just for having a credit card. Quote Link to comment Share on other sites More sharing options...
nellie2 Posted January 14, 2004 Report Share Posted January 14, 2004 There is no monthly fee for a debit card either Quote Link to comment Share on other sites More sharing options...
antidote Posted January 14, 2004 Author Report Share Posted January 14, 2004 so is there a charge everytime you use the debit card does it work like a credit card or do you have to put money in the account for you to use the debit card Quote Link to comment Share on other sites More sharing options...
nellie2 Posted January 14, 2004 Report Share Posted January 14, 2004 No... a debit card is a bit like a cheque book, except it gets swiped in a machine instead of you writing a cheque. So yes, you do have to have money in the bank to be debited... but no, these days there is no charge for using it. Although the banks did try to introduce charges for the hole in the wall money machines.. but that seems to have gone by the wayside now. Quote Link to comment Share on other sites More sharing options...
Bluecow Posted January 14, 2004 Report Share Posted January 14, 2004 I got a switch card with a leading bank and never had a problem with it there's no charge just the normal ones that go with your account and you can use it alongside Paypal and Fastpay if you are into eBay.Much better than a credit card. Quote Link to comment Share on other sites More sharing options...
antidote Posted January 14, 2004 Author Report Share Posted January 14, 2004 no charge just the normal ones that go with your accountdo you have to open a special account then or just a normal bank account how much are the charges never had a bank account :lol: Quote Link to comment Share on other sites More sharing options...
Chris Posted January 15, 2004 Report Share Posted January 15, 2004 My DC has no charges.Takes about 3 days for money to be shifted from my account, i have a CURRENT ACCOUNT with LloydsTSB...The card actually is one of many. Quote Link to comment Share on other sites More sharing options...
Sir Radfordin Posted January 15, 2004 Report Share Posted January 15, 2004 Debit cards were supposed to work like a cheque just be simpler. You hand over the card and the money goes out of your account 3 days later. Switch/Solo are different in that the money goes out when you use it. Most leading highstreet (and online) banks will give a debit card to anyone 18+ and some 16+. This card is linked directly to your current account so you do not have to worry about paying any bills.A credit card doesn't have to be with the same bank as your current account. You will be given a credit limit which is the same as an overdraft. Spend up to the limit and you will be ok, spend more than it and you will be fined. Each month you will be sent a bill that you can either pay in full or part of (there will be a minium payment). If you don't pay the bill in full you will be charged interest.Some credit cards do have an annual fee and for that you get many benefits and sometimes a lower rate of interest. If you are planning on paying it in full each month (you can set up a direct debit to do this so don't have to worry about doing anything!) you will pay no more than had you paid cash.If you have a bank account then speak to that bank and see what they offer.Barclaycard is one I use that has various online protection extras that you may want to look at.This is not finanical advice! Quote Link to comment Share on other sites More sharing options...
antidote Posted January 15, 2004 Author Report Share Posted January 15, 2004 i like the idea of a debit card, credit cards sound to risky,hear of to many people getting into debt,an dont want to risk getting myself into debt :lol: thinking of going for the switch/solo cards how do you make a online payment with these Quote Link to comment Share on other sites More sharing options...
Sir Radfordin Posted January 15, 2004 Report Share Posted January 15, 2004 Nearly all online payments can be done using a Switch card. Solo card were for those under 18 and I think used different technology so are less widely accepted.A visa debit card is perhaps the most widely accepted form of payment (do mastercard do debit cards???) and you should be able to get one with a current account with any bank.A credit card should always be used for transactions over £100 (esp. online) as you are then protected by consumer credit laws if things go wrong.You are right, it is very easy to get into debt with a credit card (it's how banks make money) so unless you are very careful with money (or have loads of it) is wise to avoid. My lovely bank kindly increased my limit to 3 times my income!! Quote Link to comment Share on other sites More sharing options...
Pilch Posted January 15, 2004 Report Share Posted January 15, 2004 As Sir rad said...Solo is less widely accepted...Still forget when i go to my tesco's buy food pay with card, then go to get petrol, find they dont take solo in the petrol station, run accross the car park to cash point.....yet garages in the middle of no-where do, yet they could end up at more of a loss than tesco's!?!?!? Quote Link to comment Share on other sites More sharing options...
antidote Posted January 15, 2004 Author Report Share Posted January 15, 2004 think i will go for the switch debit card then,when you make an online payment do youfill in your card number an they take the money out of your account Quote Link to comment Share on other sites More sharing options...
Sir Radfordin Posted January 15, 2004 Report Share Posted January 15, 2004 Yup thats about the extent of it. You normally have to give a few other numbers (and with Switch an issue number) but these are all on the card and it should be clear from the site you are buying from what you need to do. Any problems/questions we are here to help! Quote Link to comment Share on other sites More sharing options...
Tony Posted January 15, 2004 Report Share Posted January 15, 2004 Just a little note to you.Switch will be accepted on all or most UK based websites as a method of payment.But you will not find it accepted on many websites based out side the UK.Tony Quote Link to comment Share on other sites More sharing options...
Guest ellas Posted January 15, 2004 Report Share Posted January 15, 2004 yes tony is right a mastercard or visa will cost nothing if you pay it all off at the end of the month,plus with a credit card if you buy something just after getting your monthly statement you have 3/4 weeks before you have to pay to avoid paying interest,useful for bigger purchases. Quote Link to comment Share on other sites More sharing options...
antidote Posted January 15, 2004 Author Report Share Posted January 15, 2004 mastercard or visa will cost nothing if you pay it all off at the end of the montharent these credit cards Quote Link to comment Share on other sites More sharing options...
Guest ellas Posted January 15, 2004 Report Share Posted January 15, 2004 yep but as long as you pay at the end of each month there is no charge,I know someone using a credit card for 5 years who has never paid any interest as hes always paid in full when the statement comes,I know its easy to spend on them but you can in practice use a credit card interest free with no charges for as long as you like. Quote Link to comment Share on other sites More sharing options...
Boris Posted January 15, 2004 Report Share Posted January 15, 2004 I know someone using a credit card for 5 years who has never paid any interest as hes always paid in full when the statement comes.15 years ! :D and my current Halifax Classic Cashback Mastercard earns me a 1% cash rebate annually on whatever I buy using the card :) With my "careful" attitude I/we buy almost everything with it - our petrol, food, clothes, whatever. I clear the full balance on the last possible day so as not to incur any interest (done automatically by direct debit) - the money has been sitting in my savings account since pay day - earning me interest and its then moved into our current account to cover the direct debit ........ and then in January I get a nice 1% cash "present" credited to the account which helps me pay for Christmas. :) Credit cards - ideal ! - if like me - you have to watch the pennies :rolleyes: Quote Link to comment Share on other sites More sharing options...
Boris Posted January 15, 2004 Report Share Posted January 15, 2004 BUT - you do need to be very methodical/disciplined to operate this way !If you don't have such an approach to life - DO NOT TOUCH ONE !!!! Quote Link to comment Share on other sites More sharing options...
bvw Posted January 15, 2004 Report Share Posted January 15, 2004 Boris...just what I do except I pay the bill the day I get it. Should be getting a cheque from the credit card people at the end of the month I think.Nice when they pay us :D Quote Link to comment Share on other sites More sharing options...
Boris Posted January 15, 2004 Report Share Posted January 15, 2004 Nice when they pay us :DNice for someone to pay you for using their service ! :D :D :D Cost falls on the vendors of course :rolleyes: Quote Link to comment Share on other sites More sharing options...
nellie2 Posted January 15, 2004 Report Share Posted January 15, 2004 I'm saying nothing :blush: Quote Link to comment Share on other sites More sharing options...
Sir Radfordin Posted January 15, 2004 Report Share Posted January 15, 2004 Do the same as Boris, just go one step futher and use my interest free overdraft to pay for the credit card and save my money to earn more interest. It's nice being paid simply for spending money :) Quote Link to comment Share on other sites More sharing options...
antidote Posted January 15, 2004 Author Report Share Posted January 15, 2004 well tomorow im going to TSB to apply for a switch debit card do you need to take any identification with you.when i get it im going to try my luck selling stuff on eBay :) but the first thing im going to do is change my isp from btbroadband to pipex 1mbps only £33.99 a month where as i pay £28 for 576kbps Quote Link to comment Share on other sites More sharing options...
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