Tuesday, 03 August 2010

• debitlife

  This weblog is all about debit card. Now, if you don't care about them, then this site isn't for you. But if you want to better understand the debit card industry and the banking rules around the use of the cards, then keep reading. If you want to save money and get the most out of using a debit card, then keep reading. If you are just fascinated by my writing style, then keep reading. 

  Debit cards are huge today. Some would argue that they are more important than credit cards when it comes to how people use plastic to pay for the things they want and even they things they don't need. 

  I checked my wallet right now and I have four debit cards. Two are tied to checking accounts. Two others are more accurately called prepaid cards. A prepaid card is as debit card that is not tied to a checking account like a traditional debit card. Rather, you load money on the card and draw from these funds as you use it. When the card's value is depleted, you can "reload" it with more money and keep using it until it expires. 

  Debit cards have been around for a few decades now. In all that time, the size and format of them have not changed. It would be weird if they got smaller, wouldn't it? But if everything we carried in our wallets got smaller, maybe we could wear smaller wallets. Maybe in the future we won't even have wallets but just spend money on a microchip. Maybe we won't even have cash. Certainly pennies need to go away.

   

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