Debit Card Limits

[katiesue]

I thought this was interesting. If $50 or $100 limits are put on debit cards a lot of people are going to be very unhappy. I know a lot of people in an effort to get out of debt have cut up their cards and use debit exclusively.

With current gas prices if it was dropped to $50 you couldn't even fill up. At Costco you could just use a check but you couldn't get gas. And traveling would be impossible.

Personally I don't use my debit card for much more than Costco. I like using my credit card for the security. If someone steals it and runs it up I'm not out the cash till it all gets straightened out. And I get the bonuses for using it. I do pay it off monthly in full.