When you use your debit card, go home, write it in your checkbook. What's the problem. Don't play games with your account. Consider that money gone when you use the card. I know some tm's complain it takes 3 or 4 days, but my bank is usually the next day or 2nd day at the latest.Redcard Debit Cards are NOT just like using your regular debit card. Charges from those cards do not automatically come out of your checking account. They take DAYs to come out...and have often caused overdraft fees for me. Never tell someone that the Redcard Debit Card is just like their debit card. That is a lie.
I may be the odd guy out, but I always kinda liked that it takes a few days to hit the account. Saved my ass on more than one occasion where I needed some food/other necessities a few days before payday and was short on cash. Just get whatever at Target plus cash back, and I'd be fine til my paycheck cleared. As long as you keep track of your Redcard payments, you can use it to your advantage.
When you use your debit card, go home, write it in your checkbook. What's the problem. Don't play games with your account. Consider that money gone when you use the card. I know some tm's complain it takes 3 or 4 days, but my bank is usually the next day or 2nd day at the latest.Redcard Debit Cards are NOT just like using your regular debit card. Charges from those cards do not automatically come out of your checking account. They take DAYs to come out...and have often caused overdraft fees for me. Never tell someone that the Redcard Debit Card is just like their debit card. That is a lie.
Same here, its come in handy on those home stretches before payday. But apparently it makes me a criminal so now I'm conflicted.I may be the odd guy out, but I always kinda liked that it takes a few days to hit the account. Saved my ass on more than one occasion where I needed some food/other necessities a few days before payday and was short on cash. Just get whatever at Target plus cash back, and I'd be fine til my paycheck cleared. As long as you keep track of your Redcard payments, you can use it to your advantage.
My bank (TCF) got sued for that a few years ago so they stopped doing it. Over several years they charged one lady over $1000 in overdraft fees so she sued. Also most big banks like BOA charge monthly fees, whereas credit unions generally don't.You can have your bank send you a text if your account goes below a certain point.
Granted that doesn't help much if you don't have the money to make sure things are covered.
Everybody here is correct, balance your checkbook so there isn't a chance that anything will bounce.
Also avoid places like Bank of America that like to take the checks out of order so more bounce and they get higher fees.
Credit unions are always going to be your best bet.
It's because it's not a debit card, it's essentially a credit card target foots the bill with their credit when you make the purchase and then bills your bank account automatically. It will never work like an actual debt card just because banks don't want anyone else to have that level of account access outside of them. The only issue is how well your bank and credit union interact, banks certainly can slow down certain transactions just off not trusting the source.My problem was it was not consistent on how long it would take. Sometimes two days others 4+ days.
A Target REDCard is a debit card, just like your bank debit card:
There may be a difference in the time it takes to transfer money electronically but perhaps that would just as easily make the bank debit card NOT a debit card.
- a card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
Would you say that a check that is deducted from your account four days later because of mail service is not really a check, because if you write a check at the bank, it is deducted sooner?
you save more than 15% with Discover card?If I was going to get either, it would be the credit card. But really, I don't see that happening. I use my Discover card for everything. I pay it off every month. No annual fee. No interest. Plus I get cash back on all my purchases. I crunched the.numbers, I make back far more than I would save using the red card.