Comment by lxgr

> while the max liability on a debit card is $50 only if caught within the first two days

Within two days of learning of the fraudulent use or the loss of an "access device" (i.e. a card). Otherwise you have 60 days from the statement date as well.

> I will take the ding to my credit report and a lawsuit over actual money taken directly out of my account any day.

That's definitely true for many people, but probably not for many others, e.g. anyone wanting to buy a house or even rent an apartment.