Credit vs. Debit Cards


You know the question you hear almost every time you swipe a card at the checkout counter: Debit or credit?  There is a difference, and that difference can really show up if you are a victim of fraud.

BOWLING GREEN, Ky. (WBKO) -- With this massive breach at Target, and the countdown to Christmas now within hours instead of days, the holiday rush has another problem as shoppers wonder what's the safest way to pay for their purchases.

You know the question you hear almost every time you swipe a card at the checkout counter: Debit or credit? There is a difference, and that difference can really show up if you are a victim of fraud.

If you choose credit, there are federal laws that limit your liability for any fraudulent charges to $50. If someone besides you is racking up those charges, chances are the expenses can be credited back to your account almost immediately once they are discovered.

However, if you choose debit you could be liable for $500 or more in fraudulent purchases, and getting money back in your account can take longer.


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