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In the UK we can do all that with debit cards, only there's no monthly bill to occasionally forget to pay.
by joe_fishfish 13y ago
In the UK we can do all that with debit cards, only there's no monthly bill to occasionally forget to pay.
- stinky613 13y agoWe too can use debit cards that way. The laws regarding fraud liability differ between debit and credit. As such, credit card providers generally have fraud detection departments working around the clock, whereas the onus is entirely on you to report fraudulent charges on a debit card within so many days of the charges appearing on your monthly statement.
- eli 13y agoI get refunds (i.e. negative fees) when I buy something on my credit card. I'm not aware of any debit card that offers that.
- GFischer 13y agoOTOH there's the hidden cost of transactions, which the seller pays (and that's where the refunds come from), which admittedly won't go away if it's just you who stops using credit cards.