Quote:
Originally Posted by jklfairwin
The difference is that you are only responsible up to $50 for false credit card charges and the bank/creditcard company is responsible for the rest; so they really care and most credit cards have great possible fraud alert systems. With the debit card everything lost is charged to you; the bank has no liability so they they are not concerned.
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If you use a stand alone credit card and you dispute a false charge, the Federal credit card law is in effect. The bank must immediately remove the charge and investigate the dispute. The bank cannot charge you anything for the disputed charge. But, if you use a debit card, even if you select "charge" on the keypad, the transaction is not subject to the Federal law, and the bank can use whatever dispute rules they have established for the card. I never use a debit card for purchases.