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Credit or debit cards: Which is safer?

Many of us pull out the plastic to pay whether it’s a debit or credit card. The hackers are at it this holiday season. More than one million North Carolina shoppers were victims in the latest Target breach.

“Certainly every bank has been impacted by customers that have used their cards in places where their information was compromised,” explains Susan Apple, with High Point Bank.

Every time we swipe our cards we are at risk for hackers accessing our information. Apple says if your debit card gets hacked and you don’t catch it quickly that is when it can be a bigger problem versus if you had used your credit card.

“The hassle of it is your money is gone versus a statement you’re waiting on to see if the transactions were authorized, so credit in that way would be a safer bet in terms of not touching your own funds,” explains Apple.

Experts say no matter which card you choose you must constantly monitor your transactions.

“I would say they are each equally safe to swipe as long as you stay informed of your balances,” says Apple.

If you do see an odd transaction on your records notify your bank immediately.

1 Comment

  • Bigjohn

    I thought a credit card had a limit if lost or hacked of $50? You pay the first $50 and the credit card issuer takes over. With a debit card you are free game to lose your entire balance. Many banks will not tell you this because debit cards saves them money, not you. You can also freeze your credit to protect someone from opening another account in your name but this does not help you with a debit card. The banks sure sold you a bill of goods didn’t they!!

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