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Exactly. Credit card protections are law and regulation. Debit card offers then started to offer protections, in order to compete with this. If you like thes
by pasbesoin 9y ago
Exactly. Credit card protections are law and regulation.
Debit card offers then started to offer protections, in order to compete with this.
If you like these features, remember: They are the result of law and regulation. They were not created by the "free market". Although the marketplace helped promulgate them, once they were in place on credit cards -- as a "minimum standard", as it were.
- 2trill2spill 9y ago> Debit card offers then started to offer protections, in order to compete with this. Debit cards don't have the backing of law so they are not as safe as credit cards. Doesn't matter what "protections" your debit card has they can be arbitrarily revoked by your bank.
- pasbesoin 9y agoYes.