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Debit cards have traditionally had less fraud protection in the US, and I don't think any of them have a rewards program. So, why should I use one over my cred
by StillBored 10y ago
Debit cards have traditionally had less fraud protection in the US, and I don't think any of them have a rewards program.
So, why should I use one over my credit cards automatic 1% (or more) in cash back?
If I want cash equivalent, I use cash...
- cmurf 10y agoFraud protection is required by law. The reason why the protections differ is because of different laws, Fair Credit Billing Act applies to credit cards, and the Electronic Fund Transfer Act for debit cards. The only reason fraud protections would not be identical between credit and debit cards is because Congress doesn't care enough to make them the same, and that might have something to do with being under the boot of the finance industry. https://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...