Is Your Debit Card Putting You at Risk? What to Watch Out For

April 05, 2012

I recently read this Forbes article called “Why You Should Never Use Debit Cards.” One of my rules of thumb is that you should never say never (including now so it’s actually that you should rarely say never). However, the article makes a good point. The idea is that fraud protections are much weaker for debit cards than credit cards. That’s because if you dispute a charge on a credit card, you don’t have to pay it until the investigation is over. If the bank determines that the charge was indeed fraudulent, you may not need to pay anything at all. Continue reading “Is Your Debit Card Putting You at Risk? What to Watch Out For”