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Home / Credit Cards / PF Faves: Credit Cards Still Safer Than Debit Cards


Don at 20s Finances recently weighed in on the credit vs debit card debate.  Although security is getting better for both debit and credit cards, he says credit cards still remain a better choice. The fraud protection offered by credit cards limits an individual’s liability to only $50. Credit card companies will also pend any transactions that you report as fraud, so while the companies are investigating your complaints you will not have to pay for the fraudulent charges.

Debit cards are starting to get better fraud protection, for example MasterCard has announced a plan with zero liability for the consumer. This means that you can potentially get your money back, but until the investigation is completed that money will still be missing from your account. Credit card companies are also taking steps to make fraud even harder to commit. There is a system used overseas that adds chip technology to your credit card, and asks you for a PIN instead of a signature. This technology has proven very successful in reducing fraud in France, and will hopefully be adopted in the United States soon.

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About the author: Taylor


Taylor Brown is the founder of He has paid down 90% of his credit card debt through smart budgeting, frugal-living, and inspiration/support from other personal finance bloggers.


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