Do you think credit cards are more secure than debit cards? Most people do this. You can see for yourself that credit cards have a better record and that you are less likely to be stolen if you use a credit card. Unfortunately, these people are wrong. NCSECU has provided best debit card scheme.
Credit cards carry a high risk that can drown in user debt. A debit card forces you to pay with existing money. If you have a well-known debit card such as Visa or Master Card, then the same guidelines apply to unauthorized charges in the form of a credit card. Don't worry, credit cards are a "safe" method. They get you in trouble and force you to pay.
Debit cards are most commonly used today and are more common than credit cards. Last year, debit card usage exceeded tr 1 trillion. anger! Many people use debit cards! Although we want to see an increase in credit cards vs. debit cards, we still want to make sure that you are careful with your debit cards.
Since the debit card is directly linked to your bank account, you can easily buy items without taking loans. If you use a debit card, the money will be debited from your account immediately. This means no interest, late fees, over-limit fees or annual fees - all good things to avoid debt. Debit cards are also great because you do not have cash or you do not need to issue a check.
Here are 5 tips for using your debit card:
Do you know your PIN? When shopping with your debit card, you should be given the option to make it as a debit or credit purchase. Always choose credits. Myth ?! Yes. This ensures that you are protected by the card company's zero liability policy. You are not responsible for unauthorized transactions. If you need to use your PIN, remember your PIN and never keep it with you. Report lost cards instantly, change your PIN frequently, and use your debit card only when you need it.
Check the bank statement. Check your bank statement every day to ensure that you do not use your debit card, but none. It sounds boring, but nobody is better than stealing your money. Make sure that your Internet connection and computer are secure before logging in with your personal information. If you find anything suspicious, call your bank immediately.
Pay attention to your debit card. Take care of your debit card when a transaction occurs. It should always be within your sight. Once the card leaves your idea, everyone accesses your card information and eventually your bank account. This is why it is always best to use cash!
Check your credit report. Every year you can order a free credit report from one of the three consumer credit bureaus nationwide. do it! If you believe someone has used your debit card, report it immediately to the credit bureau and request a copy of your credit report. Regular monitoring helps to curb illegal activities.
Be careful The latest scams affect criminals who connect "scammers" to card readers and have access to your personal information and bank accounts. If the card reader seems suspicious, do not use it. Never use unbranded ATMs.