Comment by enaaem
4 hours ago
Every time I had issues with fraud it was with a cc. The fraud protection is just bandage for an inherently unsafe system that you are paying for yourself.
That being said, I do get that for US individuals it is completely rational to use cc's. I would do that too. If you are paying 3% Visa/MC tax anyway, then you might as well use their perks.
What smelendez is alluding to is the matter of who is liable while fraud is being resolved.
In the US, a charge on your bank card results in at least a hold on your bank account - money you can't spend on anything else until the hold is lifted. Worst-case, there can be significant fees associated with this (overdraft, declined payments, etc.).
For most of us, that's a much bigger problem than a debt we may or may not end up paying interest on.
From personal experience, getting a credit card company to quickly resolve fraud cases is also much easier than getting a bank to do the same, even when it's ultimately the same institution.