how come credit card bills can be refunded, i.e if you get scammed the credit card company can reverse the transaction but a bank transaction cannot be reversed?

Question

how come credit card bills can be refunded, i.e if you get scammed the credit card company can reverse the transaction but a bank transaction cannot be reversed?

In: 154

Answer 1

Credit card is their (bank’s) money vs bank account is your money.

Banks will do all that they can to get their money back but drag their feet with yours.

That’s why I rec everyone purchase everything with their credit caed and not their debit card.