Basically you should never use a debit card. I really don’t like even carrying one, although that’s somewhat of a necessary evil for ATM access.
Find a good credit card and pay it off every month. You have very little protection with a debit card. Eventually everyone’s number gets stolen. It’s much better to have that be a cc than a card linked to your bank account.
I use my “debit card” ONLY for ATM access. Once, some years ago, I accidentally used it at a gas pump (same colors as my other credit card), but never again.
I guess I am just “old school” but don’t like the whole idea of debit cards.
My bank tells me we have the same protection with the debit card as with a credit card. I have my debit card set to NOT have overdraft protection, so it won't dip into any linked savings account if someone tries to exceed the balance in the checking account.
I still use the credit card for restaurants and travel though since it gives double points for those things.
That is old information.
Debit cards are covered under the banks VISA/MC agreement. You have the same protection under that agreement as you do with a credit card.
The issue is that you probably have more than one credit card so you can afford to wait for the refunds. With a debit card, usually your refund takes a week or so and you are out the cash.
It is probably what you meant, but I just wanted to clarify that in most states you are equally protected. It is always best to verify that with your bank.
Thanks for the heads up. I’ll take your advice ASAP.