Comment by jjav
4 years ago
> It can touch your real credit score (if not resolved in your favor), which directly correlates with your ability to continue using credit cards.
The topic of this thread is real fraud (as opposed to someone claiming fraud on a charge they actually made). So, it will always be resolved in your favor, that's my point here. Regulations on credit cards mean it will always be resolved in your favor (assuming actual fraud). So, no, it won't impact your credit score.
> assuming actual fraud
That's a load-bearing assumption here!
Yes, whenever a credit card fraud investigation will be resolved in your favor, so would it be for a debit card – and the outcome is "no money lost" in both scenarios as well.
But in the odd case a credit card issuer does not side with you, are you absolutely sure that they would just silently drop the pending balance and not report you for a missed payment if you decide to not pay? (Yes, there is recourse against that – but so is there against a Regulation E debit card fraud case, at least as far as I know.)
> Yes, whenever a credit card fraud investigation will be resolved in your favor, so would it be for a debit card – and the outcome is "no money lost" in both scenarios as well.
No, you're assuming the bank is obligated to refund you everything. As I mentioned at the top, this is always the case for credit cards but not necessarily always the case for debit cards.
As this is becoming circular, I don't wish to continue. Enjoy your debit card and I hope you never experience fraud.