4 ms·
Why do you prefer debit over credit? Aren't the consumer protection benefits greater with credit cards?
by bonestamp2 2y ago
Why do you prefer debit over credit? Aren't the consumer protection benefits greater with credit cards?
- scosman 2y agoFees are lower for the merchant. As a result it is less likely to see a 50c surcharge to use a card with debit. Places like convenience stores often only have debit. Personally I use credit for anything major, for the protections. People who have poor credit can use debit if they can’t get a credit card, or want to make a purchase above their limit.
- lanstin 2y agoI am not Canadian but I am irresponsible and a debit card lets me just spend in a relatively stateless fashion. Check online account, if money can spend, otherwise not. I change the card numbers pretty often so not too worried about fraud. I use PayPal for recurring payments/subscriptions.
- gary_0 2y agoI just want to pay for things. I'm not interested in spending money I don't have. And credit cards are obviously waiting to pounce on me if I forget to pay the balance, and charge an insane amount of interest. I don't need the added complication.
- bonestamp2 2y agoSure, that's one way to look at it. But I set my credit card to pay off the entire balance every month so I don't worry about any of those concerns. But, I also get the benefits that most cards offer (automatic extended warranties, purchase protection, price protection, etc).
- jjav 2y ago> Aren't the consumer protection benefits greater with credit card? Yes, consumer protection regulations (and benefits) are better on credit cards (at least in the US, I don't know about other countries).