Why is the use of a credit card safer than a debit card?
Using a credit card is like taking out a small loan from the lender. You are using their money with a promise to pay them back. If someone steals that credit card and commits fraud, it is against the lender, not you. Report it within 30 days and you will be out $50 at the most and most likely no money. Your risk of loss is almost nothing.
When you use a debit card, you are using your money and if someone commits fraud, they are stealing YOUR money. Yes, the lender will try to assist you with getting your money back, but let’s just say, their motivation changes a bit when it is your money instead of their money.
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