Why is it safer to use a credit card rather than a debit card?

Credit cards often offer better fraud protection With a credit card, you're typically responsible for up to $50 of unauthorized transactions or $0 if you report the loss before the credit card is used. You could be liable for much more for unauthorized transactions on your debit card.



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First, debit cards lower the indirect transaction costs of accessing money in an account by facilitating more convenient access via a network of ATMs. Second, debit cards reduce the indirect cost of checking balances, which enables individuals to verify that banks are not unexpectedly reducing balances.

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