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0 pointsaspbee5552mo ago0 comments

misuse is not what I mean, I am talking about if your card is stolen and someone runs up a bunch of purchases before it gets caught, that money is gone from your account and any fees from overdrafts are the account holders problem to deal with and stress they can entirely avoid if they did not have/use a card tied directly to their bank account. I pay close attention to my bank account (as it is important for rent/important bills direct drafted), I only check the credit card when the bill comes in.

users can even avoid interest if they pay that card off every month

I pay everything with my credit card (bills, stores, online, etc) and pay it off at the end of the month. Even my tap-to-pay is tied to the credit card. I never use my debit card anywhere but an ATM. I have never had my bank account violated but I have had the credit card stolen from a store I visited (card company caught it as there was a bunch of fraud from the same store, they let me know and they proactively replaced my credit card)

I have never had my ATM card compromised as it is for one purpose, the ATM

best part of all is my credit score loves the large payments I always make on my credit card

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hermanzegerman2mo ago

> I am talking about if your card is stolen and someone runs up a bunch of purchases before it gets caught, that money is gone from your account and any fees from overdrafts are the account holders problem to deal with and stress they can entirely avoid if they did not have/use a card tied directly to their bank account

Yes that's what I'm talking about too, and it's called misuse. Liability is capped at 50€ as I said. We also don't have any fixed overdraft fees, only a compared to credit cards low interest rate, but this would also be the banks problem in this case. Also you still need a pin to pay or 2FA when paying online for European Cards. So that scenario seems very unlikely anyway.

> I have never had my ATM card compromised as it is for one purpose, the ATM but I have had the credit card stolen from a store I visited (card company caught it as there was a bunch of fraud from the same store, they let me know and they proactively replaced my credit card.

I have never had my card compromised, as it only uses the EMV Chip for payments in the civilized world, which you can't clone, and even then you would still need the PIN to pay, or the second Factor. I also never had my Debit card (what you mean with ATM card) compromised, because it's the same thing.

aspbee555OP2mo ago

US does not always have those proper card safety features (you can use debit cards without pin and online use does not require pin) and banks will fight tooth and nail not to give back overdraft fees (as the overdraft would be from other transactions from the account after the fraud drains an account)

carlosjobim2mo ago

Would you be able to overdraft with a debit card, though? When I was the victim of card cloning, I discovered it in the supermarket when my card purchase didn't go through due to lack of funds.

When a card is stolen or cloned, it is usually discovered really fast. Either by the victim or by the bank. It's probably in most cases a matter of hours or even minutes.

aspbee555OP2mo ago

yes, it is possible depending on timing (if a card is authorized but captured later in the day or the authorization was less than the capture, this is why gas pumps do auth for $100 and hold that for days till it clears), but the risk is more about expected/scheduled transactions hitting the account before you realize it got drained

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hermanzegerman2mo ago

Yes

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hermanzegerman2mo ago

aspbee555OP2mo ago

carlosjobim2mo ago

Would you be able to overdraft with a debit card, though? When I was the victim of card cloning, I discovered it in the supermarket when my card purchase didn't go through due to lack of funds.

When a card is stolen or cloned, it is usually discovered really fast. Either by the victim or by the bank. It's probably in most cases a matter of hours or even minutes.

aspbee555OP2mo ago

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hermanzegerman2mo ago

Yes

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