Quote:
Originally Posted by Skippy1
You can hire a car with a visa debit card no problems, I have done so many times. The reason I said I would not use a Credit card and prefer a debit is because the amount is limited to funds you already have ie it is not credit.
If you are a victim of fraud on a CC it is "credit and comes with high interest rates. Even if you manage to convince the card company that it is a fräud it can take months to resolve. This will appear on your credit report as a borrowing unless the CC company agrees to remove it pending investigation.
If you are applying for a loan or mortgage it could be a problem. In my case I had a fraud under investigation for 9 months for over 40,000 US dollars,Not here in the DR admittedly.
I like the idea of the Cards you can load with money instead of travellers cheques as a better and safer way to travel too.
Skippy1
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Hi Skippy,
Apologies, I didn't realise you meant it in the "credit v debit" sense and thought you meant plastic in general.
Personally, I think that I would rather have my credit card defrauded - at least it is someone elses money - I am not wealthy enough to have any spare to lose and then have to wait for it to be refunded. The charges on dishonoured direct debits and standing orders would be very high if there wasn't the funds to cover them.
Just my opinion - from an impoverished poster!
Rio