> With a debit card you’re relying on the bank’s good will. With a credit card it’s the law.
Can't emphasize this enough!
It is true that many banks do offer fraud protections on their debit cards. But those are just a choice by the bank. They can at any moment stop or withdraw those protections and then you're out of luck.
With a credit card, the protections are written into regulation, so every bank must follow them and can't change the terms.
Can't emphasize this enough!
It is true that many banks do offer fraud protections on their debit cards. But those are just a choice by the bank. They can at any moment stop or withdraw those protections and then you're out of luck.
With a credit card, the protections are written into regulation, so every bank must follow them and can't change the terms.