alt Hacker NewsExcept that you have strong statutory rights and commercial agreements between your bank and the card networks making it very likely that you’ll be made whole.
Except that you have strong statutory rights and commercial agreements between your bank and the card networks making it very likely that you’ll be made whole.
> likely
> will
Which is why the credit card is still the better option. Especially given that the max liability on a credit card is always $50 if caught within the first 60 days, while the max liability on a debit card is $50 only if caught within the first two days, then up to $500 if reported after up to 60 days.
They may post a provisional credit when I report the fraud on the debit card or they can wait up to 10 days to do so. With a credit card, no money has left my account and I get the final say on whether I want to part ways with my real money. If the bank really wants to fuck me over by saying it's not fraud, I get to make it as unprofitable as possible for them, which includes forcing them to sue me if they really want the money.
I will take the ding to my credit report and a lawsuit over actual money taken directly out of my account any day.