“Anyone that purchases ANYTHING with a debit card deserves to have his/her bank account as empty as his/her brain. “
That’s retarded and such a Luddite statement to make.
Debit cards carry the same protections as credit cards. I have never had an issue with a debit card in 25 years that wasn’t taken care of immediately by my banks.
>>That’s retarded and such a Luddite statement to make.<<
So you think every single financial adviser in the known Universe is retarded and a luddite.
>>Debit cards carry the same protections as credit cards. <<
One cannot drain a bank account with a credit card. I think you are HOPING debit cards and the underlying account has those protections. Some reading for you (this took me all of 5 seconds to find): http://www.cleveland.com/business/index.ssf/2013/12/before_you_use_that_debit_card.html
>>I have never had an issue with a debit card in 25 years that wasn’t taken care of immediately by my banks.<<
Hope and luck as a strategy. Good call.
That is true as far as it goes. But it doesn't go far enough.
A compromise of a debit card effects the underlying checking account associated with the card. For most cardholders, this is their primary checking (i.e. spending) account. When your debit card is compromised, you can potentially have your checking balance lowered causing checks (think mortgage, rent checks, auto loan payments, any automatic bill payments, etc.) bounce as a result.
By contrast, most cardholders don't have these same issues when their credit card is compromised.
Cleaning up a debit card compromise is potentially a bigger hassle than a credit card compromise. Just my two cents.
I have had the same experience.
Twice my bank called me and switched out my card with a new number.
Never had a false charge made permanent against my account.