John wrote:> KCPenguins wrote:
>> Don't use debit. Only use credit. Debit is on you to get your money back. Credit
>> is on the CC company to get their money back. Obviously be responsible with any
>> CC.
>
> Just to clarify on this... For both credit and debit cards (with a Visa or MC logo),
> it is up to the CC company to get the money back. You will get it back. With a
> debit card, it will be out of your account UNTIL you finally get it back. With a
> credit card, you aren't out anything while you wait. But, again, in both cases,
> the responsibility to get it back and the liability that is covered are the same
> -- it is just a matter of where the "missing" money is until it is resolved. With
> debit, it is missing from your account. With credit, it is just missing from the
> CC's accounting.
Yeah, good clarification. From my experience with a CC being stolen vs someone else's with a debit. Mine was a 3 minute phone call and the expenses were gone. My acquaintance with the debit card took days to get the money back into their account.