I know this might just reflect financial culture differences across countries, but let’s give it a try

Edit: as a clarification, I meant credit card compared to debit, not to cash

  • ✨Abigail Watson✨@lemmy.blahaj.zone
    link
    fedilink
    English
    arrow-up
    9
    ·
    edit-2
    1 year ago

    I use a credit card for all my purchases because not only does it shift liability from my money to the bank’s money

    Yes! My bank gives me 30 days to identify and contact them about fraudulent charges on the credit card, but only 3 for the debit card. Therefore I don’t use my debit card unless I absolutely have to.

    A few years ago my local gas station was victim of a skimmer - thank goodness I had the 30 days, because it took them two weeks to realize what happened and contact everyone! I don’t check my bank every day for fraud so I would’ve had to eat those losses if it was a debit card.