Millennials are saying no to credit cards

[pipi_k]

37. Sometimes reversing the charges

isn't the real problem, though.

This happened to Mr Pipi recently...he had bought an electronic item costing less than $3.00. It didn't work, so the company said OK, send it back and they would refund his money, which they did, into his checking account because he had used his debit card to pay for it.

The bank got suspicious and froze his account, unfortunately not immediately notifying him even though there's a Message Center. No, it took a week for them to send a letter. Meanwhile a bunch of bills he had paid online were held up because of that, but he didn't know that until he got the letter from the bank.

He called the bank and got it straightened out, but it was a major pain.

So two weeks ago a similar thing happened, only this time the bank was suspicious because a piddly amount (again less than $5.00) was sent to a company in China. Again, account frozen. Again, he had to call and straighten it out.

He said to hell with that, and will never use his debit card again for online purchases. Credit cards only, because even if one of them gets frozen for a week or two, at least it's not screwing with the bank account that pays our monthly bills.