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A comment on A $7 Credit Limit: Jack Ma’s Ant Lures Hundreds of Millions of Borrowers. Parent comment

Re:A $7 Credit Limit: Jack Ma’s Ant Lures Hundreds of Millio... by systemtest on Monday December 09, 2019 @05:43AM (#21741629)
Depends on your definition of fraudulent. If money is stolen out of your account or your card is cloned then you will get your money back with a debit card. If the restaurant overcharges you or you are not happy with your webshop purchase then the bank will not help you out.

It might be an added benefit but in the end you do pay a couple percent on each purchase for that insurance.

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Re:A $7 Credit Limit: Jack Ma’s Ant Lures Hundreds of Millio... by Vinnl on Monday December 09, 2019 @06:16AM (#21741758)
> If the restaurant overcharges you or you are not happy with your webshop purchase then the bank will not help you out.

I don't know what it's like in other European countries, but I have to enter my PIN code before a transaction can take place (except for very small transactions). So since overcharging or webshops charging my account cannot really happen without my explicit permission, I don't really see how that could happen?

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Re:A $7 Credit Limit: Jack Ma’s Ant Lures Hundreds of Millio... by boring_twenties on Monday December 09, 2019 @09:42PM (#21749132)
You pay the couple of percent whether you use the credit card or not, since there is usually no discount for cash or debit.

On the other hand, a credit card will give you back 1-2% of that in the form of cash back or other rewards. So in effect you are paying to not use a credit card.

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