Question

How can credit cards be safer than cash?
a.
It is harder to lose a single credit card than a large number of bills.
b.
A credit card requires a signature, so it is impossible for anyone other than you to use.
c.
If a merchant does not hold up their end of an agreement, you can call the credit company and dispute the charges.
d.
Cash can be miscounted, but credit cards cannot.

Answer 1

Correct answers: a and c.

- a is reasonable: carrying one card is usually safer than carrying large amounts of cash (and if the card is lost you can cancel it).
- c is true: credit cards offer dispute/chargeback procedures and fraud protection.
- b is false: signatures can be forged and many transactions don’t require one.
- d is false: credit card charges can be incorrect or fraudulent and must be disputed.