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DEBITIZE - Yet another solution looking for a problem
August 9, 2017
10:21 am
Top It Up
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How to Make Your Credit Card Act Like a Debit Card

"Here’s how Debitize works: First, customers need both a checking account and a credit card. Then, they register online for Debitize and link both the bank account and the card to the tool. (As with many digital financial tools, users must share personal and account information with the service; Debitize says it uses bank-level security and doesn’t store account login credentials on its servers)."

"Debitize then tracks credit card spending and pulls cash from your checking account when you make purchases using the credit card. The money is held in a separate Debitize account (an F.D.I.C.-insured account at a bank that works with Debitize), and the tool pays the credit card bill automatically when it’s due."

https://www.nytimes.com/2017/07/19/business/how-to-make-your-credit-card-act-like-a-debit-card.html?sl_rec=mostpopular_sample_dedup&sl_l=1&contentCollection=smarter-living&mData=articles%255B%255D%3Dhttps%253A%252F%252Fwww.nytimes.com%252F2017%252F08%252F02%252Ftechnology%252Fpersonaltech%252Fhow-tech-can-ease-your-summer-travel.html%253Fsl_rec%253Dmostpopular_sample_dedup%2526sl_l%253D1%26articles%255B%255D%3Dhttps%253A%252F%252Fwww.nytimes.com%252F2017%252F07%252F19%252Fbusiness%252Fhow-to-make-your-credit-card-act-like-a-debit-card.html%253Fsl_rec%253Dmostpopular_sample_dedup%2526sl_l%253D1&hp&action=click&pgtype=Homepage&clickSource=thumb&module=smarterLiving-promo-region&region=smarterLiving-promo-region&WT.nav=smarterLiving-promo-region

August 10, 2017
11:20 am
Rick
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I do use my Credit Cards as a debit card. I's called paying them off every month. They give me rewards too! Looks like the only difference is they get to keep the interest earned instead of me until they actually pay it off. I guess if you never check your statement, don't care what the balance is, just blindly pay it every month, and/or just don't want to be bothered to log on and pay your bill, this is the service for you.sf-surprised

August 10, 2017
11:26 am
dangga00
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Doesn't automatic pre-authorized debit to pay full balance every month work the same way (and in a much simpler way)?
Most financial institutions nowadays allow you to set up PAD online and quickly (except in my experience in setting up PAD to pay PC Financial Mastercard).

August 11, 2017
6:25 pm
Jon
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Reminds me of this. There is definitely a bubble in the ICT market, especially with AI/VR and internet of things (where this product can be categorize in).

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