Some debit cards are safer than others


VICTIM WAS INJURED. IF YOU CAN HELP IDENTIFY THE SUSPECT, CALL DETROIT POLICE. THAT’S A PRETTY GOOD SHOT.>>YEAH, IT IS.>>>SO MANY SECURITY BREECHES THAT MANY ARE WONDERING HOW SAFE ARE THE DEBIT CARDS.>>TURNS OUT THAT SOME ARE SAFER THAN OTHERS. WHY SO YOU DON’T WASTE YOUR MONEY.>>IT’S GOOD TO KNOW THE PROS AND CONS OF USING DEBIT. THERE’S SECRETES ABOUT THE DEBIT CARDS. THE CONSUMER SITE SAYS SOME CARDS HAVE MORE FEATURES AND PROTECTION THAN OTHERS. SOME WILL HELP YOU LOOK UP A LOST RECEIPT AND OTHERS DON’T. SOME HAVE A DAILY SPENDING LIMIT. SOME SHUT DOWN WITH A CHANGE IN THE ROUTINE AS A PROTECTION FROM FRAUD. IF SOMEONE STARTS TO MAKE THE BIG CHARGES IN LOS ANGELES OR BEACHES, THE CARD MAY LOCK UNTIL YOU TELL THE BANK THAT YOU’RE ON VACATION. WHEN IT COMES TO FRAUD, FEDERAL PROTECTIONS ARE NOT CONSUMER FRIENDLY AS THEY ARE FOR CREDIT CARD HOLDERS. FOR CREDIT CARD, THE MAXIMUM DE IS $50 IF IT’S LOST OR STOLEN. FOR DEBIT CARDS REPORTED STOLEN OR MISSING, THE LIABILITY IS $50. IF YOU REPORT IT WITHIN 60 DAYS OF A BAD CHARGE, THE MAXIMUM LIABILITY IS $500. AFTER THAT, THE LOSS IS UNLIMITED. THERE’S SOMETHING ELSE VERY PRACTICAL TO KEEP MANY MIND ABOUT THE DEBIT CARDS. IT CAN TAKE A DAY OR TWO FOR A PURCHASE TO SHOW UP. FOR INSTANCE, IF YOU BUY A NEW TV OR APPLIANCE AND SIGN FOR IT WITHOUT A PIN NUMBER. THAT CAN TAKE UP TO 48 HOURS TO SHOW UP. IN THE MEANTIME, YOU CAN BOUNCE THE ACCOUNT. SO REMEMBER THE BALANCE MAYBE LESS THAN WHAT IT SHOWS WHEN YOU CHECK THE ACCOUNT ONLINE OR AT THE ATM. A GREAT

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