While many debit card users understand that account theft can happen to both debit and credit card customers, there is, nevertheless, an unspoken acceptance among debit users that they are at less risk than credit card customers. It is true that credit cards may carry higher limits and therefore present more opportunity for criminals to [...]
One of the great advantages of debit cards is that the card can be used to buy goods and services over the internet. Because a debit card uses the same payment mechanism as credit cards, it has the same great flexibility without running up a balance or being charged high interest rates.
One of the issues that people have with using debit cards is that it can be quite hard to keep track of how much money is being spent. This is where online bank statements can be very useful.
Card guards are security services that are offered to debit card holders. They are usually offered by third party companies who aim to make the whole process of securing cards easier. They used to be very common, but have become less popular.
Many debit cards, particularly prepaid credit cards can have card limits that apply to them. These card limits are in place for a number of reasons, including money laundering and fraud prevention measures. There are a number of different card limits that affect debit card users; these included daily spending, monthly transfer and balance limits. [...]