alt Hacker NewsIn the US you have several legal safeguards that are not provided by debit cards. Fraud liability limitations, chargebacks, and so on.
You can still implement “if I can’t afford something, I don’t buy it” with a cc. I pay mine off every month so it’s financially the same s a debit card but use a premium card for its purchase benefits.
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elmer2 • yesterday at 1:58 PM
I used to have this same mentality (no credit cards) when I was younger, until my debit card was stolen and someone took $1000. The bank basically shrugged their shoulders and said there was nothing they could do.
I always get my money back when this happens with a credit card purchase. I've also had to dispute things occasionally, and I almost always get refunded.
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> In the US you have several legal safeguards that are not provided by debit cards. Fraud liability limitations, chargebacks, and so on.
These are available to Visa and Mastercard debit cards too.
But yeah, the UK has section 75 of the Consumer Credit Act.