{"id":16619,"date":"2023-05-04T18:00:24","date_gmt":"2023-05-04T18:00:24","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/05\/04\/4-reasons-why-you-shouldnt-use-your-debit-card-the-points-guy-the-points-guy\/"},"modified":"2023-05-04T18:00:24","modified_gmt":"2023-05-04T18:00:24","slug":"4-reasons-why-you-shouldnt-use-your-debit-card-the-points-guy-the-points-guy","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/05\/04\/4-reasons-why-you-shouldnt-use-your-debit-card-the-points-guy-the-points-guy\/","title":{"rendered":"4 reasons why you shouldn\u2019t use your debit card \u2014 The Points Guy – The Points Guy"},"content":{"rendered":"


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Editor’s note: This is a recurring post, regularly updated with new information.<\/i><\/p>\n

If you\u2019re just starting to build your credit<\/a> and explore credit card options, you may be used to swiping and inserting your debit card for your everyday purchases. Maybe you even choose the \u201ccredit\u201d option to bypass entering your PIN when you\u2019re checking out. What\u2019s the difference? Does the debit vs. credit distinction really matter anyway? Absolutely.<\/p>\n

Debit cards do a great job of helping you make ATM withdrawals and deposits, but for any other activity, they may be better off collecting dust in your wallet. Consider these four reasons why you should avoid using your debit card.<\/p>\n

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Increases your fraud liability<\/h2>\n

Your debit card and credit card may look similar, but the law looks at these two pieces of plastic very differently regarding your liability if a thief uses each of them for a fraudulent spending spree.<\/p>\n

Credit cards fall under the Fair Credit Billing Act<\/a>, which limits your liability for unauthorized purchases to a maximum of $50. So, if someone manages to steal your number and rack up thousands of dollars under your name, you won\u2019t have to pay more than one Ulysses S. Grant.<\/p>\n

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