You may feel that you are being more frugal by using your debit card rather than your credit card. We’ve heard it for years, “Don’t run up your credit card debt!”
However, the risk of using a debit card far outweighs the benefits. In most situations there is much more liability for the debit card user in cases of fraud. In some cases you could lose all the money in your account and even be liable for money withdrawn from your line of credit. Much of the responsibility is squarely placed on the card owner for quickly reporting any fraudulent charges. In most cases it is critical to report any issues within 60 days!
The team at IdentityTheftLabs.com are not financial advisors, but everything we read from nearly all our research indicates that we should really avoid the use of debit cards especially when out of country. Don’t be fooled by the little Visa or MasterCard logo, most debit cards do not offer solid identity theft or identity fraud protection. If you want identity theft protection we compare the best companies, LifeLock and LoudSiren Debix.
For particulars on each identity protection service we have completed LifeLock and Debix reviews that should help you decide who you want protecting your credit, finances, and good name from identity theft.