Skimming, the act of gaining unlawful access to card holder’s information, is becoming much more prevalent. Identity thieves getting much more brazen regarding how and where they skim your credit and debit card information. Be vigilant.
Time and again I have posted regarding the use of a credit card over a debit card. The main issue is that with your debit card, when fraudulent access is gained to your account, your funds are gone.
I found this article tonight that does a great job highlighting some of the issues occurring with debit and credit cards, and identifies ten (10) contexts where the use of your debit card would likely prove to be a real issue for you.
Here it the link to the article. You may have to paste it into your browser.
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Great post, I’ll be updating my blog today.
Steve,
Why do banks push these (and other products) so hard when you just want to go in there and make a deposit or withdrawal?
Tom Scanlon, CPA
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