The Week (US)29 Sep 2017

Don’t be so quick to whip out your debit card in place of a credit card, said Natalie Daher in CNBC.com. “Here’s why: Most credit cards offer $0 fraud liability, meaning you won’t be out any money” if you’re a victim of fraud or theft.

Debit card users, however, “may be liable for any lost money, depending on when the fraud was reported.”

Nevertheless, 66 percent of Americans say they’re more likely to trust debit cards than credit cards, a mistake that could cost them. “A bad guy who gets ahold of a debit card can access real money from a real account,” said Matt Schulz, a senior analyst at CreditCards.com . “If you’re missing $500 for two days, it can cause some real hardship if you have bills due at that time.

Cliff Daniels
Realtor
Active Properties
Boulder Colorado
720 434 1418
cliff@actprop.com