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View Diary: Credit card fraud warning (180 comments)

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  •  Good point, BIG difference in liability (4+ / 0-)

    What are the differences between credit card and debit card?

    Debit. instant access to your money, lack of a PIN number, and not having to drag out your photo ID when you use it--make fraud that much easier. Unless reported quickly, theft of your debit card can quickly devastate your bank account.
    Credit card companies are held to strict liability laws; the law limits consumer liability for credit card fraud to $50.
              emphasis added

    I guess the liability on a credit card is $50 and the liability on a credit card is what ever is in your bank account linked to the card.

    •  a small correction: (4+ / 0-)
      Recommended by:
      nomandates, My Spin, BusyinCA, worldlotus

      I think you meant to say

      I guess the liability on a credit card is $50 and the liability on a credit debit card is what ever is in your bank account linked to the card.

      America's LAST HOPE: vote the GOP OUT in 2014 elections. MAKE them LOSE the House Majority and reduce their numbers in the Senate. Democrats move America forward - Republicans take us backward and are KILLING OUR NATION!

      by dagnome on Sat Mar 15, 2014 at 11:03:32 AM PDT

      [ Parent ]

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