Why Consumers Should Use Credit Cards Over Debit Cards

Gates Marshall

Director of Cyber Services at CompliancePoint,

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Why Consumers Should Use Credit Cards Over Debit Cards

11.01.2019 06:30 am

When it comes to cyber security, it can be more beneficial to use a credit card rather than a debit card- especially in today’s marketplace where consumers pay more often than not in the online environment. Most banks will tell their customers that they are not liable for fraudulent charges.  However, using a credit card puts shoppers in a better position to dispute any unwelcomed charges that may come about from online shopping.  The difference is in the amount of time it takes to recover unauthorized transactions.  Permanent reversals on debit charges can take longer, sometimes up to thirty days depending on which bank you use.  When you use a credit card, it’s quicker for these charges to fall-off once disputed, or simply appear on your next statement. For example, if you pay your bills through your debit card and a large amount of money is compromised, and it can be more of a pain dealing with bounced checks and payments that you then become liable for.  Using a credit card rather than a debit card helps to better protect your finances during the holiday season both online and in-store.

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