4 ms·
That's not true of debit cards. If the card is used fraudulently you just dispute the charges the same as you would with a credit card. The bank reverses the ch
by ALittleLight 6y ago
That's not true of debit cards. If the card is used fraudulently you just dispute the charges the same as you would with a credit card. The bank reverses the charge and the vendor has the opportunity to sue you if you really did make the alleged charges.
- TylerE 6y agoThe distinction is this. Your card gets stolen. Scammer empties out the account. With a credit card, transactions against the card will get declined after it maxes out (if the fraud checks don't kick in sooner). You report the theft. Everything solves itself quickly. A minor inconvenience at worst. When your debit card gets stolen, that's YOUR money going out, then your rent check bounces, and it takes weeks to get the money back, and in the meantime, YOU HAVE NO MONEY.