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My understanding is in the US you can actually make money/rewards if you use a credit card and make sure to pay it off monthly. That's not the case in many coun
by lacampbell 10y ago
My understanding is in the US you can actually make money/rewards if you use a credit card and make sure to pay it off monthly. That's not the case in many countries.
How do credit cars offer better degrees of fraud protections?
- bluedino 10y agoin the us debit cards take the money out of your account while credit cards must be paid - dispute or fradludlent transactions don't wipe your savings out, they can stay on and a balance until you clear the situation up with the card company if you use credit
- lacampbell 10y agoInteresting. My technique for debit cars is not to keep it attached to accounts with a lot of money. I transfer the money with internet banking, then use the debit card immediately - on an as needed basis. It's certainly not attached to my entire savings at any given point in my wallet.
- sand500 10y agoIf you use a debit card, the money is taken out of your bank account instantly and getting that money back is a giant pain. In a credit card (in the US), that money taken out is the bank's money and you can always dispute that transaction which leads to the bank losing money, not you.