Americans now owe $1.13 trillion in credit card debt

  • ExLisper@linux.community
    link
    fedilink
    English
    arrow-up
    8
    ·
    9 months ago

    Maybe in your bank. Most banks don’t offer any protection for debit cards. Credit card companies offer more protections and that’s why people use them.

    • ShepherdPie@midwest.social
      link
      fedilink
      arrow-up
      2
      ·
      9 months ago

      Many do offer protection but during the period between fraud occurring and the resolution, you don’t have access to your money. With credit cards, it’s the banks money that’s missing.