New Rebates to Customers courtesy of You
I got a letter from my bank recently that suggested that I use my debit card as a credit card at my local retailers and they would rebate some of the purchase price to me. Wow what a deal right!!! Well it seems that it is such a minimal amount for the hassle. I decided to just try and figure out what was going on. Apparently the Retailers only pay a small amount to the Credit Card Companies when we use our Debit card as a Debit i.e., .39 when we use it as a Credit Card that have to pay between 1.5% to 3.0% of the charged amount to the Credit Card Companies. I just want to know what happen to the idea that debit cards were more secure because we had to enter our Pin number. It seems the Credit Card Companies are trying to make a Buck and not considering the hassles we have to go through when someone swipes a stolen Debit Card as a credit card without having to have any knowledge of the Pin Number. I guess if you want to see higher prices at the checkout then go ahead and get your nickel rebate while the Credit Card Companies make Millions while jeopardizing our security
