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Credit cards are more secure than Debit cards, but they lack one important feature: protection from overdrawing more than the amount in the account (overspendin
by dopkew 13y ago
Credit cards are more secure than Debit cards, but they lack one important feature: protection from overdrawing more than the amount in the account (overspending). Why don't banks offer this type of credit cards?
- sliverstorm 13y agoI could have sworn credit cards will be rejected if you hit your credit limit.
- viraptor 13y agoIf you try to get some "unreasonable" amount of money from them - probably. Anything that you're remotely likely to pay off in penalty charges is unlikely to get blocked. That means an unauthorized overdraft of $1k that you don't have is a good deal for the bank.
- sliverstorm 13y agoHmm. I guess I don't really know for sure, my credit limits have always been much, much higher than my spending.
- lukeschlather 13y agoMost credit cards let you set the spending limit as low as you like (I don't know if there's a floor, but I would bet you could set it to $100. )