Quote:
Originally Posted by ScoobsMcGee
What they're trying to say is that if you have a credit card with fraud protection, they won't get any money. The charges will be cancelled, and you won't be liable for anything. That and you don't need to worry about maintaining a separate account for online purchases. Just use a CC with fraud protection on it. That doesn't mean you shouldn't be smart about where you enter payment information, though.
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And what I'm trying to say is that I have fraud protection regardless of which card I use.
It is just there is more potential $$ for them to steal if they get the information for the CC than if I use the Debit card.
It is also less likely that they will steal ANY money if they can see that I have a near zero balance on the card that they just stole my information for....
So it is LESS risky for me to use the debit card.
We can question WHO is at risk, but I am confident that my financial institution appreciates me NOT using the cards that have overdraft protection for internet purchases.
And just because I have fraud protection does NOT mean that they will not get any money.
They will still get the $$ (at least the FIRST time they try it) the fraud protection just means
I wont be responsible. It is still a loss for the financial institution.