Why is it safer to use a credit card rather than a debit card?
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.
Why do poor people use debit cards?
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.