21–24 of 24 posts
Stop using your debit card period. Use a credit card and pay it off monthly. Problem solved.
The logic here is bewildering to me... Why aren't they instead addressing how banks aren't covering debit card fraud properly, and how the cards and transaction system is flawed?
They're all cards, consumers pay for the services. It's companies that are at fault for not creating better protections.
Stop using your debit card period. Use a credit card and pay it off monthly. Problem solved.
That way if you get ripped off it will be on you credit card instead of another account? The logic here is bewildering to me... Why aren't they instead addressing how banks aren't covering debit card fraud properly, and how the cards and transaction system is flawed? They're all cards, consumers pay for the services. It's companies that are at fault for not creating better protections.
Secondly, CC Cos because they're first in line to being on the hook, seem to be better at picking up fraud (I have no idea why). When my CCs have been comped, they notified us and shipped us new cards before we could have reasonably found out that anything was askew.
Earlier quoted context omitted.
That way if you get ripped off it will be on you credit card instead of another account? The logic here is bewildering to me... Why aren't they instead addressing how banks aren't covering debit card fraud properly, and how the cards and transaction system is flawed? They're all cards, consumers pay for the services. It's companies that are at fault for not creating better protections.
With a CC, the money is taken away from your CC company, not your bank account first. So you won't have to deal with the potential cascade of overdrafts, bounced checks, etc. Secondly, CC Cos because they're first in line to being on the hook, seem to be better at picking up fraud (I have no idea why). When my CCs have been comped, they notified us and shipped us new cards before we could have reasonably found out th…
I thought they changed to chip cards BECAUSE they were better at preventing fraud... Banks used to pay me 3% interest on my account, until a bank bought mine out and changed policies arbitrarily...
Earlier quoted context omitted.
With a CC, the money is taken away from your CC company, not your bank account first. So you won't have to deal with the potential cascade of overdrafts, bounced checks, etc. Secondly, CC Cos because they're first in line to being on the hook, seem to be better at picking up fraud (I have no idea why). When my CCs have been comped, they notified us and shipped us new cards before we could have reasonably found out th…
I get that, but it just seems like banks make up the rules as they go... I have full coverage on my debit card, actually a limo company stole money from me a few years back on my debit card and I got reimbursed immediately, but it seems like those policies can be changed any time and almost like banks want to trap you in an inconvenient situation. :/ I thought they changed to chip cards BECAUSE they were better at pr…