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And what happens when someone snarfs your number and clears your bank account out? How do you pay the rent? With credit, it's the banks money that gets stolen,
by op00to 10y ago
And what happens when someone snarfs your number and clears your bank account out? How do you pay the rent? With credit, it's the banks money that gets stolen, and they worry about getting it back, not me.
- alkonaut 10y ago> With credit, it's the banks money that gets stolen Regardless of debit or credit the CC company always has responsibility if there is fraud. With debit I might risk having an empty account for a longer period of time after an incident though (Refunds might take a while). > How do you pay the rent? I'd use credit.
- cmurf 10y agohttps://www.consumer.ftc.gov/articles/0213-lost-or-stolen-credit-atm-and-debit-cards https://www.consumer.ftc.gov/articles/0213-lost-or-stolen-cr... For consumers, credit vs debit is in theory about the same, in practice it's slightly different. The main difference though is consumer vs business. A business debit card attached to a checking account, is the same problem with fraud as the checking account itself, the burden is almost entirely on the business not the bank.