Why Young Americans Are Shunning Credit

Why don't they just use credit cards and pay the balance in full every month? Debit cards simply don't have the same level of consumer protection as credit cards, and I suspect restoring funds debited by fraud would be more difficult, and more "dangerous" if the account has overdraft.

Kudos to them for at least paying off the balance in full each month - that is a huge step forward. 

Did anyone else hear the news this evening about the charges for using credit cards actually going to effect this coming  week?  I think we discussed this not too long ago but no one knew when or if it would be enacted.  I am still confused as to actually what the fees would be for using a credit card instead of cash.  They also said debit cards would also have the same fee unless people used their Pin and clicked "debit".  If they clicked "credit" it would go through as a credit card even though they were pulling funds out of their own bank account.  I don't use debit cards but my DD does and I would like to know more about this to explain it to her.  I found out that the fee will be 4% extra.   I got an email tonight and a link for the news report if anyone wants to hear it:

http://video.foxnews.com/v/2119641363001/new-credit-card-surcharge-to-take-effect/?playlist_id=86929"