erilar wrote: > In article <7ll5vpF3e5hl...@mid.individual.net>, > Cheryl <cperk...@mun.ca> wrote:
>> You may well be able to get the money back from the credit card company >> eventually if you can prove fraud, but I'd rather not bother, especially >> as the credit card could be used to charge MORE than I have in my >> chequing account at any given time.
> Not if you don't let the credit card draw directly from your bank in the > first place.
No, the debit card (or at least mine; I'm in Canada and we have a somewhat different system) can't take more money out of my account than is there. As soon as the money runs out, the debit card is no good.
A credit card could easily be used to charge things up to the limit on the card, which is not tied to my bank balance, and which would usually be more than I have in any account accessible via debit.
> >> You may well be able to get the money back from the credit card > >> company eventually if you can prove fraud, but I'd rather not > >> bother, especially as the credit card could be used to charge MORE > >> than I have in my chequing account at any given time.
> > Not if you don't let the credit card draw directly from your bank in > > the first place.
> No, the debit card (or at least mine; I'm in Canada and we have a > somewhat different system) can't take more money out of my account > than is there. As soon as the money runs out, the debit card is no > good.
> A credit card could easily be used to charge things up to the limit > on the card, which is not tied to my bank balance, and which would > usually be more than I have in any account accessible via debit.
Your statement above was about fraud so that's irrelevant. If somone fraudlently uses your debit card, the money is gone from your account and you have to get it back. If someone fraudlently uses your credit card, you don't have to pay the bill; you just dispute the charges.
- W. Citoan -- What we obtain too cheap, we esteem too lightly...it would be strange indeed if so celestial an article as FREEDOM should not be highly rated. -- Thomas Paine
W. Citoan wrote: > Cheryl wrote: >> erilar wrote: >>> In article <7ll5vpF3e5hl...@mid.individual.net>, Cheryl >>> <cperk...@mun.ca> wrote:
>>>> You may well be able to get the money back from the credit card >>>> company eventually if you can prove fraud, but I'd rather not >>>> bother, especially as the credit card could be used to charge MORE >>>> than I have in my chequing account at any given time. >>> Not if you don't let the credit card draw directly from your bank in >>> the first place. >> No, the debit card (or at least mine; I'm in Canada and we have a >> somewhat different system) can't take more money out of my account >> than is there. As soon as the money runs out, the debit card is no >> good.
>> A credit card could easily be used to charge things up to the limit >> on the card, which is not tied to my bank balance, and which would >> usually be more than I have in any account accessible via debit.
> Your statement above was about fraud so that's irrelevant. If somone > fraudlently uses your debit card, the money is gone from your account > and you have to get it back. If someone fraudlently uses your credit > card, you don't have to pay the bill; you just dispute the charges.
> - W. Citoan
I think the chances of fraud with my debit card are very small, and if it occurs, the damage is limited by the amount of money the thieves have access to.
I really hate the idea of disputing fraudulent charges, especially since large (for me) sums of money can be owed in my name unless, or until, I get the matter cleared up.
So my current arrangement works very well for me.
People with different attitudes about fights with credit card companies and larger sums of money in accounts linked to a debit card will undoubtedly come to different conclusions about how to handle their finances. I was merely pointing out that those methods were not the only ones, and that a strong dislike of dealing with credit card companies unless it is absolutely essential will lead to different conclusions.
If I didn't travel, I probably wouldn't have a credit card at all. I didn't in the past. It is extraordinarily difficult nowadays to travel without a credit card. At least, it is if you want to book an airline ticket or a hotel.
That being said, it's probably obvious that I use a credit card so rarely that various other benefits (cash or points or whatever for purchases etc) don't apply to me either.
> > Your statement above was about fraud so that's irrelevant. If > > somone fraudlently uses your debit card, the money is gone from your > > account and you have to get it back. If someone fraudlently uses > > your credit card, you don't have to pay the bill; you just dispute > > the charges.
> I think the chances of fraud with my debit card are very small, and > if it occurs, the damage is limited by the amount of money the > thieves have access to.
> I really hate the idea of disputing fraudulent charges, especially > since large (for me) sums of money can be owed in my name unless, or > until, I get the matter cleared up.
> So my current arrangement works very well for me.
> People with different attitudes about fights with credit card > companies and larger sums of money in accounts linked to a debit card > will undoubtedly come to different conclusions about how to handle > their finances. I was merely pointing out that those methods were not > the only ones, and that a strong dislike of dealing with credit card > companies unless it is absolutely essential will lead to different > conclusions.
> If I didn't travel, I probably wouldn't have a credit card at all. I > didn't in the past. It is extraordinarily difficult nowadays to > travel without a credit card. At least, it is if you want to book an > airline ticket or a hotel.
> That being said, it's probably obvious that I use a credit card so > rarely that various other benefits (cash or points or whatever for > purchases etc) don't apply to me either.
That's all fine and dandy and everyone is should go with their own personal preferences. However, we should stick with the facts.
Credit card fraud losses are limited to $50. Debit card fraud losses are up to $500 and you have to get the money back. Your claims that you will loose more with credit card are simply wrong.
- W. Citoan -- Whatever you choose, do not seek to carry out easy tasks. -- Adolf Von Baeyer
