Personal Finance

3855 readers

33 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 2 years ago

MODERATORS

[email protected]

Do you use a credit card? Why or why not? (discuss.tchncs.de)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

76 comments fedilink hide all child comments

I know this might just reflect financial culture differences across countries, but let's give it a try

Edit: as a clarification, I meant credit card compared to debit, not to cash

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 9 points 1 year ago* (last edited 1 year ago)

I use a credit card for all my purchases because not only does it shift liability from my money to the bank's money

Yes! My bank gives me 30 days to identify and contact them about fraudulent charges on the credit card, but only 3 for the debit card. Therefore I don't use my debit card unless I absolutely have to.

A few years ago my local gas station was victim of a skimmer - thank goodness I had the 30 days, because it took them two weeks to realize what happened and contact everyone! I don't check my bank every day for fraud so I would've had to eat those losses if it was a debit card.