this post was submitted on 27 Jul 2025
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Honestly, what's the point of a credit card? Why don't people mostly use debit cards? It gets just directly wire transferred from your account. No sort of junk fees or monthly subscription needed. Genuine Question.
If someone steals your debit card, they can directly take money out of your account. With credit cards, there's a buffer between the product and the bank account, and it makes it easier to stop fraud
I've had my debit card information stolen before. My bank knew before I did, cancelled the fraudulent charges, and refunded my money without any action on my part. Doesn't seem like a credit card would have been any advantage in my [admittedly anecdotal] case.
Banks can, but they're not legally obligated to. With a credit card they are. (US)
In the US if someone takes your debit card and enters the correct PIN, the transactions are permanent, and the bank has no obligation to give your money back (and if they choose to do so it would be out of their own pocket).
This problem could be solved.
It's not fraud, it's interest.
If you use a debit card and can't cover a transaction, it just doesn't go through. If you have a credit card then the bank pays and now you owe them, and they'll charge you extra for that privilege.
You could just pay off your balance by the due date and you won't be charged any interest.
Well not to stop it before it happens, surely, but an easier time reclaiming your money due to the buffer.
But is it really worth all of the junk that you have to accept? I like the credit scoring, the monthly subscription, and, if you miss the date for paying back, the absurdly high fees. Well, yes, with the debit card you have, technically speaking, the risk of someone being able to make about 100€ worth of RFID payments, and then the code is needed again for the next 100€ RFID payments. For everything else that doesn't involve RFID, the code is needed always.
The US implementation of chip and PIN left off the PIN. The reason given was "no one wants to put in a PIN every time" so for the vast majority of transactions you just hold up your card to the sensor or put it in the chip reader. PIN is only required for cash withdrawals in my experience.
Jesus Christ, that is absolutely moronic. No wonder people are so obsessed with losing their card.
What junk? Works same as a debt card but just not directly tied to a checking account, so less a big deal if it is lost or false charges made on it with companies reversing it. Get cashback on purchases, additional warranty on items, and able to do charge backs if company isn't giving you a refund for whatever reason.
Most people who run into trouble are because they don't realize credit cards aren't free money so go beyond their budget. If you spend what you can afford and pay back each month question becomes more why should a debit card be used over a credit card?
Debit cards typically have PIN numbers.
I know these can be defeated in various ways, but its not usually as simple as, just steal someone's card.
Also, you can just go to your bank or credit union, call them, report online or w/e: Hey, my card got stolen, these txns are fraud.
Might not be as streamlined or as fast as a payment challenge with a credit card, but its not that much worse.