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Why is a Credit Card Safer than a Debit Card? Here’s the Answer

Credit cards and debit cards are cashless payment instruments that are widely used by people. But did you know the difference between the two types of cards? Payment using a debit card, money directly transferred from the bank account of the debit card holder; which is the customer’s own money.

Whereas credit card payments use funds lent by banks. Therefore, credit card holders must pay a fine if they are late making payments.

But did you know the security of these two types of financial products? Some say credit cards are safer than debit cards. Why? Check out the following reviews:

 

1. More Protected by Law

1. More Protected by Law

Difficulties to pay credit bills usually make customers more to use a debit card. But that does not mean debit cards are more profitable. Especially if it concerns transaction security. The reason is, only credit cards can cancel legitimate purchases due to seller error.

In addition, customers can also delay payment that is wrong when the retailer refuses to cancel the transaction. Unlike debit cards that can only cancel invalid purchases. So it is clear in this first point that credit card transactions are more protected by law than debit transactions.

 

2. There is a Security Guarantee in Online Transactions

Although debit cards can also be used for online transactions such as credit cards, debit cards cannot match the power of credit cards in guaranteeing the security of online transactions.

This can be proven by the fact that credit card customers can cancel the transaction if they are not satisfied with the condition of the goods they bought, for example there are defects or damage. Even if the seller does not want to be responsible. Of course debit card customers do not get this great security guarantee.

In addition, credit holders can also submit a comparison to the bank if there are cases where the seller enters a number of transactions that are more than they should. So, you do not need to pay bills until the problem in the transaction is resolved.

 

3. Credit Card Abuse can be Easily Resolved

loan Repayment with Full Payment System

Misuse of credit cards is a case that is still often found lately. However, abuse can only occur if the card is lost or stolen. Unlike a debit card whose balance is connected to a savings account so it is easier to steal. Especially if the customer does not synchronize with sms banking. Customers will not even know if their savings have been stolen.

Unlike a credit card, customers do not need to pay bills that are proven not to be done. Especially if you store physical evidence such as purchase records related to purchases that have been made but have not been paid for. What is needed in using only a credit card is accuracy.

 

4. Protect the Transaction Made

Credit cards can protect you from legitimate transactions made by unscrupulous individuals by reporting them to the bank when they receive a bill. Thus, credit cards can be done immediately before the maximum credit card limit is reached. If the user of the transaction is proven to be not you, bill payment is not necessary.

In addition, credit cards are also able to extend product warranties. To do this, take an offer that says that the seller accepts the warranty extension when making payments with certain credit cards. That way, if there is damage after the warranty period runs out, you can still do free service at the official store.

 

Feel Yourself Credit Card Security

Credit Card

Of the various benefits that have been described, it has been proven that the use of credit cards is safer than debit cards. Therefore, customers are advised to properly consider their decision to use a debit card.

Because, in addition to having more is more reliable, credit transactions are also proven to be safer than debit card transactions, the limits of which are limited to your savings balance. But don’t forget to use credit cards wisely so that you don’t get into credit debt. This is very dangerous for your financial stability.

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