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That's not true. Debit cards have fraud protection similar to credit cards. But the big difference is that you have a smaller window to report the issue, and
by kube-system 2y ago
That's not true. Debit cards have fraud protection similar to credit cards. But the big difference is that you have a smaller window to report the issue, and while it is being resolved, you're out of the money instead of the bank. And it may be a bigger PITA if you need to close the account.
- jjav 2y ago> That's not true. Debit cards have fraud protection similar to credit cards. Similar being the key word. Yes they are somewhat similar, but credit cards have better protection by regulation, so they are not the same. https://www.experian.com/blogs/ask-experian/are-credit-cards-safer-than-debit-cards/ https://www.experian.com/blogs/ask-experian/are-credit-cards... The two day reporting on debit cards is particularly risky. I very actively review every transaction, but only about every two weeks at best or once a month at worst. With credit cards this is not an issue.
- kube-system 2y agoThat's 2 days if you physically lose your card. Otherwise you have 60 days after you receive your statement. If you know where your wallet it, and you review statements once per month, you're fine. I still use a credit card instead, though, because I'd rather the lost money be the bank's problem to resolve.