Credit Card Forum
  1. #11
    Centurion Member
    Join Date
    Mar 2012
    Location
    Virginia
    Posts
    397

    Default

    Quote Originally Posted by jeffysdad View Post
    With a debit card once they have your money (which is immediately), they have your money; maybe you'll get it back and maybe you won't. With a credit card you have time to dispute the charge and get to hold on to your money until the dispute is resolved. There is no way that debit cards can offer the same security that credit cards do.
    Utilizing the "credit" feature at a POS transaction provides the same protections as a credit card. Since there is no way to distinguish online a debit from credit transaction, this does not apply there.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  2. #12
    Centurion Member
    Join Date
    Mar 2012
    Location
    Virginia
    Posts
    397

    Default

    Quote Originally Posted by Celestine View Post
    You are right. That is why.... "Even if an online shopper left something in the cart, merchants are not allowed to charge the customer without authorization. "
    My apologies. I read this too quickly, and posted without fully taking in your statement.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  3. #13
    Centurion Member
    Join Date
    Apr 2009
    Location
    Texas
    Posts
    879

    Default

    JC, if you buy a product with a credit card and the product turns out to be defective and you try to return it but the merchant balks, you can dispute the charge and not be liable for it until the dispute is resolved.

    If you buy a product with a debit card and the product turns out to be defective and you try to return it but the merchant balks, you must appeal to the merchant to return the money that has already left your account.

    The latter is a very different situation and why I say that debit cards do not offer the same security that credit cards do. Perhaps instead of "security" I should have said "purchase protection." However, it has been my experience that a bad product/service experience is far more likely than having one's card number stolen.
    American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
    US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
    FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
    Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

    *All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

+ Reply to Thread
Page 2 of 2 FirstFirst 1 2
 
These forum posts are not provided or commissioned by the bank advertiser. Posts have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Advertiser Disclosure: The credit card offers that appear on this site are from credit card issuers from which CreditCardForum.com receives compensation. This compensation may impact how and where products appear on this site, including the order in which they may appear within listing categories. CreditCardForum.com does not include all credit card offers that might be available to consumers in the marketplace.