Donate SIGN UP

Credit Card V Debit Card

Avatar Image
cassa333 | 10:36 Thu 07th May 2015 | Law
9 Answers
If you pay on a credit card you can claim back from the bank if anything goes wrong.

Do you still have the same with a debit card?
Gravatar

Answers

1 to 9 of 9rss feed

Best Answer

No best answer has yet been selected by cassa333. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
I don't think so, its like paying cash.
Cassa333: Credit card transactions over £100 are covered by the bank. Debit cards can also be covered - read this: http://www.which.co.uk/consumer-rights/problem/how-do-i-use-chargeback
If you pay for something under £100 on your credit card then you don't have the security of trying to claim back, fraud etc.
So if what I have read is correct, the answer is not really. If the seller is signed up then you may be able to use a chargeback scheme where you can have the money back through the bank, but there is no possibility of using equal liability legislation.
I'm no expert but I suspect it might depend. Suppose the seller used your details to claim you'd bought loads of things ? Does the bank have a duty to spot & delay action on suspicious activity ?
fraud like that is different OG. provided that you have taken reasonable care, ie not shared or written down your pin code, banks do cover loss by fraud.
Ah.

Sellers need no PIN as remote purchases are common.
googling the catch phrase

equal liability legislation - used by Woofie
gives some good sites

and it seems obvious that it is s75 of the credit act that gives the credit card companies the duty does not apply to banks

Paul thingey on Money box live Beeb 4 raps on about the difference and the lack of cover with a debit card. - you are better covered with a credit card.

1 to 9 of 9rss feed

Do you know the answer?

Credit Card V Debit Card

Answer Question >>