So this is what her digital minute was about today...
Use credit cards rather than debit cards. Credit cards usually allow you to dispute charges and they also typically provide fraud liability protection. Some debit cards offer the same protection, but you might not be able to access your cash until disputes are settled.
Kim, meet Dave.
(from daveramsey.com)
Think a credit card is safer to use than a debit card? Most people do. They convince themselves that credit cards carry a better track record, and you're less likely to have your money stolen from you when you use a credit card. Sadly, those people are wrong.
Credit cards carry a huge risk of allowing the user to incur debt. Debit cards force you to pay with money you already have. If you hold a debit card from a well-known name like Visa or MasterCard, it will have the same policy about unauthorized charges that credit cards have. Don't fool yourself into thinking that credit cards are the "safe" way to go. They'll only get you into trouble and force you to make payments.
Debit cards are being used at an all-time high today and are used more often than credit cards. Last year debit card use exceeded a trillion dollars. Whew! That's a lot of people using debit cards! Although we like to see the increase of debit cards versus credit cards, we still want to make sure you're being careful with your debit card.
Since a debit card is directly linked to your bank account, it's a convenient way to purchase things without incurring debt. When you use a debit card, the money is immediately withdrawn from your account, which means no interest, late fees, over-the-limit fees, or annual fees - all good things to help you avoid debt. Debit cards are also great to use because they don't require you to carry cash or write a check.
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