Stop using your debit card period. Use a credit card and pay it off monthly. Problem solved.
The logic here is bewildering to me... Why aren't they instead addressing how banks aren't covering debit card fraud properly, and how the cards and transaction system is flawed?
They're all cards, consumers pay for the services. It's companies that are at fault for not creating better protections.
Secondly, CC Cos because they're first in line to being on the hook, seem to be better at picking up fraud (I have no idea why). When my CCs have been comped, they notified us and shipped us new cards before we could have reasonably found out that anything was askew.
I thought they changed to chip cards BECAUSE they were better at preventing fraud... Banks used to pay me 3% interest on my account, until a bank bought mine out and changed policies arbitrarily...
I 100% agree. The problem is that the credit industry exists (obviously) to make money for creditors. Their profit comes from a.) vender fees (that often just result in higher product costs), b.) fees to people who aren't stable enough to pay their balances before fees kick in.
Either way, the credit industry introduces a middle man that a.) artificially inflates costs to goods and survices and b.) financially burdens those who can least afford it.
Sure, credit serves a purpose to bridge a financial gap, like say buying a house, but I go in to that loan agreement knowing how much I'm going to pay for that service. Credit cards, on the other hand are just shady societal life siphons.