Credit cards offer better consumer protections against fraud compared to debit cards linked to a bank account. Newer debit cards offer more credit-card-like protection, while many credit cards no longer charge annual fees.
Many of us use credit cards irresponsibly and end up in debt. However, contrary to popular belief, if you can use the plastic responsibly, you're actually much better off paying with a credit card than with a debit card and keeping cash transactions to a minimum.
The recent rise of "skimmers" have made many consumers think twice about using their debit cards when making purchases. Especially at places like the gas pump, or even online. The answer is quite simple. Yes, debits cards are secure and have many safety benefits over both cash and credit.
ICICI cards are secured, easy to use, and it offers many reward points and privileges like access to airport lounges, enhanced security, higher withdrawal limits, insurance, etc.
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If your wallet falls into the wrong hands, your debit card's fraud protection isn't as strong as a credit card's. ... With a debit card, you may be responsible for up to $500 of charges you didn't make. Plus, some banks will hold you 100 percent liable if your debit card is used fraudulently for pin-based transactions.
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