why debit cards do not enjoy the same protections against theft and fraud as credit cards?

Question

Those protections are the main reason it’s recommend to use credit cards instead.

But it doesn’t make sense to me, why would I borrow money (credit) if I had it (debit)?

My guess is that banks deliberately do this so people can accidentally spend more money than they have and companies start charging interest.

In: Economics

Answer 1

mine has the same protections, any debit card with the Visa or Mastercard logo has protection.That was actually tested a few years ago when it was stolen and thieves bought $500 at a grocery store with it. I was not out a cent.