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What's wrong with debit cards?
by spwa4 2y ago
What's wrong with debit cards?
- mmh0000 2y agoDebit cards link directly to your bank account and have very few consumer protections. Good luck getting your money back from a bad merchant. Especially if it's A LOT of money. https://www.nerdwallet.com/article/credit-cards/credit-card-vs-debit-card-safer-online-purchases https://www.nerdwallet.com/article/credit-cards/credit-card-... To simplify: - A Debit Card - It's your money on the line, and the bank has little interest in spending their money protecting it. - A Credit Card - It's the bank's money on the line, and the bank has a lot of interest in spending their money protecting it.
- IAmBroom 2y agoYou mean, other than it's a completely different type of fund, and therefore not comparable in any way?