Doesn't matter, what matters is sleeping safely at night that if a company gets hacked and loses card details, my credit card being fraudulently used is the banks problem. With a debit card it's my problem that the bank isn't legally required to help with.
Reimbursed, sure. After the money is already out of your account for potentially multiple days, while your other payments bounce. With a credit card the only thing stolen is the bank’s money.
You are saying that poor people (as in, people who have not enough money in their account to sustain living after a fraudulent transaction) should have creditcards instead of debitcards? Here I would not even be able to get a cc if I made under a certain amount/month which would not make me poor enough for that. Or do you mean something else? Cards (debit/credit) normally (and for good reasons like this) have limits far below what I have in my account and the bank is good at detecting fraudulent transactions. Credit is considered not good for people who are not well off here; there are entire tv campaigns to dissuade them from it so I am curious if you are recommending it and if that is normal in, presumably, the US.
Debit cards in the U.S. are usually only limited by the amount of cash in your checking account (sometimes not even then, US banks are big on “overdraft protection”). If it’s the day after payday and you have $1200 in your account, and someone steals your debit card, you can very easily be drained to near zero. The only saving grace would be if the banks fraud detection kicked in due to unusual purchase patterns. I’d still rather the thief steal the banks money, not mine.
