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I have stopped using credit cards for two reasons: 1. My debit cards allow me to directly import transactions into my personal accounting software while my cre

I have stopped using credit cards for two reasons: 1. My debit cards allow me to directly import transactions into my personal accounting software while my credit cards don’t; and 2. when I shop online, my debit cards allow me to use them as a 2nd factor (using a USB card reader) while my credit cards require either an iOS or Android device for 2FA. You’re right in that a credit card is a future charge and debit isn’t. But are debit cards really so much more insecure? What threat model do you have in mind?

TylerE 5y ago
If your credit card is compromised, you make a phone call and maybe can't use it for a few days. If your debit card gets compromised, your rent check bounces. Plus, frankly, banks are generally more protective of THIER money than YOUR money.
- Hackbraten 5y ago
  > If your debit card gets compromised, your rent check bounces. I guess that depends on the bank and the country you live in.
Guest19023892 5y ago
Credit card transactions are much easier to reverse. For example, I went to a restaurant and a few days later I noticed they double charged the bill. I called the restaurant, they wouldn't fix the issue, so I called the credit card company and it was quickly reversed. That doesn't happen with a debit card. Credit cards also come with all sorts of benefits. You can easily get 1-2% off all purchases through cash-back or gift card rewards. You can get free insurance with car rentals. Many cards also offer an extra one year warranty on most purchases, so if you paid for your laptop or phone with your credit card and it dies just outside of the manufacturer warranty, you might still be covered.
- Nextgrid 5y ago
  > That doesn't happen with a debit card. Citation needed. The scenario you described will absolutely fall under most card networks' transaction dispute rules. In day-to-day spending a debit card is just as safe as a credit card when it comes to fraud or malicious merchants. The only time a credit card will be better is grey areas where a card network dispute doesn't succeed, in which case the law in most countries forces the credit card provider to eat the loss. In some of those cases, the reason why a credit card chargeback succeeds is not necessarily because you are right (if you were, the dispute process would've succeeded anyway) but because the amount is too low for the issuer to care so they just eat it to not have to investigate and/or litigate the issue.
- deleted 5y ago
  [deleted]
astrange 5y ago
There’s no reason to want your credit card to have 2FA. It’s not your money, so the only point is to annoy you when you’re spending someone else’s money. Well, or to use it with sites that require 3D Secure, but that’s still something to help the merchant not you.
- Hackbraten 5y ago
  As if it was my choice. EU-wide regulation requires all banks to force 2FA onto their customers for logging into their accounts.

TylerE 5y ago

If your credit card is compromised, you make a phone call and maybe can't use it for a few days. If your debit card gets compromised, your rent check bounces. Plus, frankly, banks are generally more protective of THIER money than YOUR money.

Hackbraten 5y ago
> If your debit card gets compromised, your rent check bounces. I guess that depends on the bank and the country you live in.

Guest19023892 5y ago

Credit card transactions are much easier to reverse. For example, I went to a restaurant and a few days later I noticed they double charged the bill. I called the restaurant, they wouldn't fix the issue, so I called the credit card company and it was quickly reversed. That doesn't happen with a debit card. Credit cards also come with all sorts of benefits. You can easily get 1-2% off all purchases through cash-back or gift card rewards. You can get free insurance with car rentals. Many cards also offer an extra one year warranty on most purchases, so if you paid for your laptop or phone with your credit card and it dies just outside of the manufacturer warranty, you might still be covered.

Nextgrid 5y ago
> That doesn't happen with a debit card. Citation needed. The scenario you described will absolutely fall under most card networks' transaction dispute rules. In day-to-day spending a debit card is just as safe as a credit card when it comes to fraud or malicious merchants. The only time a credit card will be better is grey areas where a card network dispute doesn't succeed, in which case the law in most countries forces the credit card provider to eat the loss. In some of those cases, the reason why a credit card chargeback succeeds is not necessarily because you are right (if you were, the dispute process would've succeeded anyway) but because the amount is too low for the issuer to care so they just eat it to not have to investigate and/or litigate the issue.
deleted 5y ago
[deleted]

astrange 5y ago

There’s no reason to want your credit card to have 2FA. It’s not your money, so the only point is to annoy you when you’re spending someone else’s money. Well, or to use it with sites that require 3D Secure, but that’s still something to help the merchant not you.

Hackbraten 5y ago
As if it was my choice. EU-wide regulation requires all banks to force 2FA onto their customers for logging into their accounts.