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Personal Finance and Investing

A HERETIC I AM

(24,758 posts)

9. Don't forget that when you use a Credit Card, you're using THEIR money.

Reply to question everything (Original post)

Mon Mar 17, 2025, 11:03 AM

Mar 17

When you use a Debit Card, you are using YOUR money.

Credit cards are always safer for online transactions or whenever the slightest possibility of fraud exists.

And yes, historically Credit Card companies charged the merchant a fee. With a debit card, your bank might charge you a fee but not always.

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From the point of view of the merchant: would they rather the customer use a debit or a credit card? [View all] question everything Mar 17 OP

I think debit cards have no merchant fee versus credit cards charge merchant (3 percent?) Bernardo de La Paz Mar 17 #1

I've been charged fees... 2naSalit Mar 17 #7

I actually don't know about US but in Canada credit cards have a percentage fee of the amount whereas debit cards have Bev54 Mar 17 #2

Debit is cheaper mahina Mar 17 #3

Thanks. We were persuaded by the bank that credit card is safer even though I mostly question everything Mar 17 #5

Some cards (like mine) allow you to use points for paying off the card. . . . . nt Bernardo de La Paz Mar 17 #8

I don't think there is a difference Lifeafter70 Mar 17 #4

Debit, cheaper and harder to dispute. marble falls Mar 17 #6

Don't forget that when you use a Credit Card, you're using THEIR money. A HERETIC I AM Mar 17 #9