Never use a debit card, plus other advice from a former con artist


Olde Hornet

Well-Known Member

Every year, millions of American consumers — nearly 7% of the population — are victims of scams and fraud. In 2017, the number of fraud victims in the US reached 16.7 million, with $16.8 billion lost.

Don't use debit cards
Want to avoid identity theft? Never, ever use a debit card. I don't own one. I never have and I never will. I don't recommend them to anyone — not my family, not my friends, not you.

As I said at the Google talk, a debit card is certainly and truly the worst financial tool ever given to the American consumer. Why? It's simple: Every time you use one, you put your money and your bank account at risk.

Instead, use a credit card. I use one for practically all of my purchases, even when I'm traveling abroad. With credit cards, federal law limits my liability if there's an unauthorized use of my card.
 
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