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Debit cards have less protection. Wouldn't hurt just to ask your bank to re-authorise it anyway? It will change the three digits on the back.
by UnoriginalGuy 14y ago
Debit cards have less protection.
Wouldn't hurt just to ask your bank to re-authorise it anyway? It will change the three digits on the back.
- spkthed 14y agoThey don't, protections are exactly the same.
- UnoriginalGuy 14y agoThey really aren't. I know someone who got their debit card cloned. While the bank eventually repaid him, that did nothing to repay him the additional fees he owned his normal debtors (e.g. rent, utilities, etc). With a credit card you aren't losing "actual" money. You are losing the bank's borrowed money which the bank pays back. With a debit card you're losing cash which you won't be able to replace yourself and which the bank might take days to weeks to replace. Even if you NEED to borrow while your credit card is out of commission you can either use the overdraft facility on your debit card or other quick sources of credit. Hard to get quick cash without going to a pawn shop.
- nsfmc 14y agothey typically have the same protections, the only difference is that while credit cards only check that the charge can be made during the authorization period, debit cards lock up the bank's funds immediately which may cause your checking account to be temporarily unusable even if all the charges are successfully disputed. a good practice that bankers constantly tell me is to have a separate credit card for online purchases for the fact alone that it is one step removed from your checking account.