Question

Which card type usually gives the user better protection from fraud?

(1 point)
Responses

Neither card gives you any fraud protection from the bank.
Neither card gives you any fraud protection from the bank.

Debit cards, because the money is moved from your account right away.
Debit cards, because the money is moved from your account right away.

Credit cards, due to federal laws that limit your financial risk.
Credit cards, due to federal laws that limit your financial risk.

Both cards give you the exact same level of fraud protection.
Both cards give you the exact same level of fraud protection.

Answer 1

Credit cards, due to federal laws that limit your financial risk.

Explanation: Credit card fraud protections (e.g., Fair Credit Billing Act) generally limit or eliminate your liability, and disputed charges don’t immediately remove funds from your bank account, unlike debit cards.