Reply to What is your monthly credit card bill?

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[quote=Anonymous][quote]Anonymous wrote:
Serious question: If you have the money in the month, why are you putting that much on a credit card on a monthly basis for your living expenses? Why not just use your checking card and have it taken out your bank account?

because a debit/bank card is riskier, if compromised you have less protection against fraudulent charges

This isn't true.[/quote]
"Credit card companies are held to strict liability laws; the law limits consumer liability for credit card fraud to $50. For example, if you notice suspicious charges on your credit card statement such as double billing or an incorrect charge, the credit card company is obligated to investigate if you send in a written request within 60 days.

For debit card fraud, your liability is $50 if you notify the bank within two days of noticing the fraudulent charges. After two days, your liability increases to $500, and up to your entire account balance after 60 days.[b] So, if you report the theft after two days, you can be held responsible for paying for purchases or charges that you didn't make.[/b] Although many banks have started to implement voluntary plans to limit customer liability to $50, there is no federal law regarding this issue."

Also with a Dcard, the money is not available to you until the fraud case has been resolved.   [/quote]

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