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Credit Instead of Debit

Credit Instead of Debit

Credit Instead of Debit

Financial institutions work hard to protect your money from scammers and unethical people, but you can also take simple steps to make that easier. One easy technique is to use a credit card instead of a debit card when making online purchases or first-time purchases from a new store or provider. Credit cards come with a variety of fraud protections; in most cases you are only liable for the first $50 of fraudulent charges. Debit cards may not have the same protection, and in the meantime the funds come out of your bank account… and it may take time to clear up the problem. In addition, using a debit card frequently requires the use of a PIN, and the PIN could be stolen. Always use a credit card when making online purchases; if someone steals your information you are better protected. And when you are asked, "Debit or credit?" by a store clerk, choose credit – then you don't have to enter your PIN and risk it being stolen.

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