3 ms·
At my bank, the fraud protection for any card with a VISA logo is identical whether it be debit or credit. Due to that, I never bothered with a credit card. I d
by blakeyrat 10y ago
At my bank, the fraud protection for any card with a VISA logo is identical whether it be debit or credit. Due to that, I never bothered with a credit card. I don't want the ability to spend money I don't have.
I did end up finally getting a credit card (in my mid-30s) not because I want one, but because I wanted a back-up card for when my debit card is out of commission for whatever reason. It's a constant struggle to remember to do transactions on it so it doesn't get closed for inactivity.
- op00to 10y agoDepending on your bank, you may be out the money that's in dispute until the dispute is completed. If your bank decides to spot you the money in dispute while things are figured out, you need to keep in mind that if the dispute isn't decided in your favor that loan will go away, and they will debit your account. If you were cutting things close, you'll end up in overdraft and the financial screwing begins in earnest.
- Obi_Juan_Kenobi 10y agoHere's the issue: you're paying for CC transactions anyway (cost gets passed on to consumer), so you might as well try to get some of it back (with reward points, etc.). I've never understood the credit vs. debit aspect. I know my budget and can easily just not spend more than I can afford. Paying the balance is automatic, so the only difference between using one card or another is that one gives me an e.g. Amazon gift card every couple months.