Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to General Discussion

A Type Of Debit Card That Clark Howard Actually Likes

Saturday, December 17, 2011 - 8:37 AM
If you follow Clark Howard, you'll know he's not a fan of debit cards. In his December 16th show notes, he describes a new type of debit card that some retailers are offering like Target and Nordstrom. Here's what he says about the Target debit card:
Target has had great success with a credit card called the Target REDcard that gives you 5% off your in-store purchases. But for those who don't want credit cards or can't get approved for one, Target also offers a version of the card that -- like a traditional debit card -- will debit from your checking account and still give you 5% cash back when you shop at the Red Retailer.

One thing Clark doesn't mention is what kind of protection these cards offer if crooks get a hold of the cards or numbers.
1
Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
Rep Points: 123,743
Reply