Re:How credit cards make money
by quantisan on Friday November 05, 2021 @07:59PM
(#29126019)
Frank Abagale (most known in Catch Me If You Can) has said that
> Every time you use [a debit card], you put your money and your bank account at risk.
>
> Instead, use a credit card. I use one for practically all of my purchases, even when I’m traveling abroad. With credit cards, federal law limits my liability if there’s an unauthorized use of my card.
>
> When I use a credit card, I’m spending the credit card company’s money every day until I pay my bill at the end of the month. Meanwhile, my money is earning interest in a bank account.
> Every time you use [a debit card], you put your money and your bank account at risk. > > Instead, use a credit card. I use one for practically all of my purchases, even when I’m traveling abroad. With credit cards, federal law limits my liability if there’s an unauthorized use of my card. > > When I use a credit card, I’m spending the credit card company’s money every day until I pay my bill at the end of the month. Meanwhile, my money is earning interest in a bank account.
https://www.cnbc.com/2019/08/27/debit-cards-are-dangerous-wa...