Credit Cards
Why is using a credit card over the internet safer than using a debit card?
Why is using a credit card over the internet safer than using a debit card?
When using the credit card, you are using the banks money (short term loan). If fraud takes place and the card is used by others, they are stealing from the bank. As long as you report the fraud within 30 days, you are out $50 (no matter how many times the card was used fraudulently) and in most cases, the bank will charge you nothing.
When using the debit card, you are using your money. If fraud takes place the card is used by others, they are stealing from YOU. They could empty out your bank account quickly. Will the bank pay you back? Maybe and it may not be in full. Here is the bottom line. The credit card is safer when it comes to fraud and YOU. Know your cards!