If you've been victim of debit card fraud, how long did it take you to notice, and how quickly did BofA return cash to your account?
I know debit card loss limits at major banks have become similar to credit card loss limits (as a competitive matter), but there are still practical differences.
Debit fraud means your bank account is empty right now -- and until you discover the fraud -- meaning payments of other expenses may fail unexpectedly.
The worst that can happen with credit card fraud is that one card gets denied. You are never short of cash unless you pay the bill without reviewing/disputing it, weeks later. Your liquidity is under your control, not the thief's or the bank's.
I know debit card loss limits at major banks have become similar to credit card loss limits (as a competitive matter), but there are still practical differences.
Debit fraud means your bank account is empty right now -- and until you discover the fraud -- meaning payments of other expenses may fail unexpectedly.
The worst that can happen with credit card fraud is that one card gets denied. You are never short of cash unless you pay the bill without reviewing/disputing it, weeks later. Your liquidity is under your control, not the thief's or the bank's.