I just read a thread where the comments heavily suggested OP use a credit card when they travel again so that it would be easier to dispute a fraudulent charge. What makes a dispute through your bank less successful?
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The biggest advantage is that a credit card isn’t your money. Two scenarios, both with $10k.
* Scenario 1 is your credit card has a $10k limit and you go on vacation. Someone racks up $8k of false charges and you come home to find that. Rent is due, car needs an oil change, whatever. You report it, the credit card investigates, you never once had to worry about not having that money.
* Scenario 2 is your debt card has $10k on it and you go on vacation. Someone racks up $8k in false chargers and you come home to find that. You now have $2k to your name, likely overdrafted since you were on vacation and spending money. You need to pay rent and get your oil changed, but you don’t have the money. You contact your bank and are told it will be 5 business days before your money is returned. You have to ask friends and family to loan you money.
Really is just a layer of protection. With a credit card you are spending someone else’s money and paying them back later, with a debit card you are spending your own money at that point in time.
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