Running card as credit or debit?

Discussion in 'Community Discussion' started by dominordelingua, Sep 7, 2008.

  1. dominordelingua macrumors member

    Joined:
    Jun 26, 2008
    #1
    This may be an odd question, but since I'm going to be getting my macbook whenever they update it, I'm probably going to be using my debit card from Washington Mutual. However, my card has a $500 daily spending limit. A friend of mine told me that I can run my debit card as a credit card and that my purchase would still be charged to my account, bypassing the daily limit. Is this true?

    I'm not so financially savvy, so if anyone has the know-how, I would really appreciate an explanation to this. :eek::)
     
  2. thechidz macrumors 68000

    thechidz

    Joined:
    Jul 25, 2007
    Location:
    New York City
    #2
    credit is always better to use than debit in these situations... but I dont know if you can get past the spending limit without it being approved... actually I think that is a cash limit not spending limit
     
  3. Rodimus Prime macrumors G4

    Rodimus Prime

    Joined:
    Oct 9, 2006
    #3
    I would tread carefully on it. My old check card had about a 320 daily limit. That daily limit was a combination of credit and debit purchases.
     
  4. sushi Moderator emeritus

    sushi

    Joined:
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    Location:
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    #4
    Be careful that you get what you need and is best for you.

    Personally, I prefer a credit card over a debit card.
     
  5. NeoMayhem macrumors 6502a

    Joined:
    Aug 22, 2003
    #5
    No, the limit is for all purchases on the card. You can call and get it jacked up though, or use a credit card and get cash back.
     
  6. KingYaba macrumors 68040

    KingYaba

    Joined:
    Aug 7, 2005
    Location:
    Up the irons
    #6
    Walk up to the store, slap some cash on the counter and demand a Macbook.
     
  7. r.j.s Moderator emeritus

    r.j.s

    Joined:
    Mar 7, 2007
    Location:
    Texas
    #7
    Maybe. You might consider pulling out enough cash - spread over several days, and doing just that. Although, I might be wary of carrying that much cash around for very long.
     
  8. PlaceofDis macrumors Core

    Joined:
    Jan 6, 2004
    #8
    or go to the bank and just withdraw it? :confused::confused:

    or talk to your bank and ask for a one day temporary limit lift etc.
     
  9. jlewis2k1 macrumors 6502a

    jlewis2k1

    Joined:
    Jan 14, 2005
    Location:
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    #9
    Almost every bank will temporarily increase the spending limit just for one day if you know you will be making a large purchase or have many purchases to make.
     
  10. da2005pizimp macrumors 6502

    Joined:
    Jan 30, 2006
    Location:
    Gilbert, AZ
    #10
    if you have the money in the bank just go to the bank and take it out.
     
  11. dominordelingua thread starter macrumors member

    Joined:
    Jun 26, 2008
    #11
    :D:D

    I could probably try using gift cards, rather than cash. Since I'll be getting it after the school fall term starts my schedule will be really tight, so having a planned day, and finding time to warn the bank probably won't be an option.

    Thanks
     
  12. hookem12387 macrumors 6502

    Joined:
    Sep 30, 2007
    Location:
    Austin, Texas
    #12
    I know I get frequent flier miles only if I use it as credit, might want to check that!
     
  13. thechidz macrumors 68000

    thechidz

    Joined:
    Jul 25, 2007
    Location:
    New York City
    #13
    basically, if you use the card as a debit card you might get hit with fees that you wouldn't if you use it as a credit card. use the card as a credit card, it works the same way, they just take the money out of you checking account and you have to sign the receipt instead of entering your pin number
     
  14. jeremy.king macrumors 603

    jeremy.king

    Joined:
    Jul 23, 2002
    Location:
    Fuquay Varina, NC
    #14
    Yep! A quick phone call will do...
     
  15. mrwizardno2 macrumors 6502a

    mrwizardno2

    Joined:
    Jun 19, 2007
    Location:
    Columbus, OH
    #15
    Absolutely perfect advice here. I've done this before. Call them up and tell them you have a big purchase to make. They'll lift the limit (or set it higher) for you to go about your business, and then cap it back off when you're done.

    At least, US Bank has done this for me personally - WaMu may handle things differently.
     

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