| 60% of people use debit cards more than credit cards. | | | | was stolen, they could miss out on any type of |
| Between 2002 and 2005 the percentage of people | | | | protection their financial institution could give them. Also, |
| using debit cards grew from 47% to 60%. Now debit | | | | if they wait more than 60 days before reporting, the |
| cards are the same percentage of purchasing | | | | theif who stole their card or the fraudulant seller could |
| products with cash at stores, 33%. People are using | | | | take everything out of their bank account. |
| debit cards to purchase many items online too. People | | | | Both credit and debit cards are faster and easier to |
| are becoming more credit aware as they enter the | | | | make purchases, but they also have their downside |
| new millenium. People would rather pay with a debit | | | | opposed to cash. |
| card because they know that the debit card can take | | | | It's very easy to acquire a debit card. Simply talk to |
| money right out of their bank account to pay for the | | | | your banking institution and fill out an application. You |
| item. People are more concerned about interest rates | | | | will not need to worry about any type of credit check |
| than they used to be. Debit cards offer a low cost or | | | | and there are no extra fees involved with getting or |
| no cost to use them by most banking institutions, while | | | | owning a debit card. You will get the card in the mail |
| credit cards on the other hand can put the buyer into | | | | within about one week from filling out the application. |
| quite a pile of extra bills. | | | | There is also a PIN number involved with setting up |
| Credit cards have more protection for the cardholder | | | | and activating the debit card. You will get your PIN |
| than debit cards do. Credit card companies will not hold | | | | number through the mail also and when it arrives, you |
| the cardholder liable from fraudualnt sellers or stolen | | | | will need to call the telephone number associated with |
| credit cards. Debit cards, on the other hand, have very | | | | the PIN number. After you answer some questions, |
| little protection. If the cardholder waits more than 2 | | | | you will have to type in the PIN number you recieved in |
| days to report any fraudulant activity or that their card | | | | the mail to activate your new debit card. |