October 14 2010
So the other day I lost my ATM card. I don’t know how and I don’t want to talk about it but it ain’t in my wallet and it can be anywhere and I canceled it and that’s that. It’s probably at the laundry getting washed. But I was definitely extra paranoid when it was gone because to be honest– I still don’t completely understand how my ATM card really works.
At some point along the way ATM cards became credit cards too. And I remember when that happened I was sort of like, ‘Wait… is this like both? Like if I use it as a MasterCard am I gonna get a separate bill?’ It was a little hazy but I whatevered it and over time figured out that it definitely draws straight from my checking account. Fine.
But that’s what makes me extra paranoid about losing it. If I lose it and some dick finds it and goes to Best Buy and gets himself a new flatscreen on my ‘credit card’– that charge will take actual real cash out of my account?? I never liked the idea of that. I think it’s scary. I’d just rather it be an ATM card only.
And then it got me thinking about the big ‘Credit or Debit?’ question. What’s the difference there if it’s coming from the same place? Aren’t they both essentially ‘debit’? I guess the idea of putting in my ATM # (which is 10804 btw) is some level of protection — but why should I care? I buy something for $50– why friggin bother to put in my ATM code– if a thief would have the option not to?
On google-ing around it seems there’s no clearcut answer. There’s alot of factors at play including what it costs the store or you or liability issues or bank fees and all sorts of blah blah stuff etc— I couldn’t absorb via skimming a bunch of wordy web pages that seemed more properly confused.
But the takeaway it seems is there is no ‘right’ answer or it depends on your bank and their policies or whatever and it all seems scammy and yadda yadda typical banky gray area-ness. All I know is that I liked it better when I didn’t think there was a difference…
Even though I’m still not sure if there is one.
PS. I’m up early and I didn’t sleep well because there’s a ruthless mosquito in my house!! I will get you, mosquito a-hole! You will be squashed!! I will have no mercy, mofo-er!