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Study Shows That Debit Card Fraud Hits 20% Of Card Holders

Tuesday, October 23, 2012 - 1:39 PM
From Bankrate.com
One out of every 5 debit card holders in the U.S. has experienced fraud on their card in the last five years, according to a study released this week by ACI Payment Systems and Aite Group.

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This is another reason to use credit cards instead of debit cards. If a criminal makes a fraudulent charge with your debit card, that money is removed from your checking account, and then you have to work to get that money back. With a credit card, you can dispute a fraudulent charge and not have to worry about paying for the charge.
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Ken TuminKen Tumin5,468 posts since
Nov 29, 2009
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