Debit Cards, Credit Cards, Cash, Checks.... so many different options. Is there a time when you should use your credit card rather than your debit card? According to Gerri Detweiler, the
Director of Consumer Education for Credit.com, there are times that are better
than others for a debit card verses a credit card.
Credit cards are better for protecting against fraudulent
activity. If you report the stolen card
within two business days, generally, you are only liable for up to $50 of
charges by law. With debit cards, you
may be liable for more than $50.
Also, if you make a purchase yourself and find yourself
wanting to return it, hopefully you made that purchase with a credit card. Your credit company will help you dispute the
charge but that is not the case if it’s with a debit card.
You can watch the video here.
No comments:
Post a Comment