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I pay off my credit card every month so no debt. Can you do chargebacks on a debit card?

• bluGill 2y ago
  You can charge back on a debit card, but the money doesn't get back into your account right away, and of course until you realize what is up your bank account is down that money (or even negative) and you thus don't have that money to spend. If your account is negative you are charged bank fees - I'm not sure if they will refund them, but at the very least until the investigation completes you are out that money as well. which is to say if there is fraud a debit card will eventually fix you, but while things work through the system you have no money for day to day life. With a credit card you don't pay that part of the bill and so your money is still there for day to day life.
  • kstrauser 2y ago
    All that’s true and you should always prepare for the worst case. That said, I’ve had a couple fraud events over the last few years before insulating layers like Apple Pay were widely available. I’d pay for dinner at some sketchy restaurant, then a month later someone’s using my card to buy gas in Tijuana (real story). My credit union was amazing each time. They’d immediately issue provisional refunds for the fraudulent amounts, waive any fees, and have a new card in the mail a day later. It was inconvenient to be sure, but the credit union made it as painless as possible.