▲ 309 ▼ Average credit card balances jump 10% to a record $6,360, and more consumers fall behind on payments (www.cnbc.com) submitted 2 years ago by return2ozma@lemmy.world to c/news@lemmy.world 50 comments fedilink hide all child comments Americans now owe $1.13 trillion in credit card debt
[–] derpgon@programming.dev 6 points 2 years ago (1 child) That's what we have with debit cards. permalink fedilink source parent hideshow 2 child comments replies: [–] ExLisper@linux.community 8 points 2 years ago (1 child) Maybe in your bank. Most banks don't offer any protection for debit cards. Credit card companies offer more protections and that's why people use them. permalink fedilink source parent hideshow 2 child comments replies: [–] ShepherdPie@midwest.social 2 points 2 years ago Many do offer protection but during the period between fraud occurring and the resolution, you don't have access to your money. With credit cards, it's the banks money that's missing. permalink fedilink source parent
[–] ExLisper@linux.community 8 points 2 years ago (1 child) Maybe in your bank. Most banks don't offer any protection for debit cards. Credit card companies offer more protections and that's why people use them. permalink fedilink source parent hideshow 2 child comments replies: [–] ShepherdPie@midwest.social 2 points 2 years ago Many do offer protection but during the period between fraud occurring and the resolution, you don't have access to your money. With credit cards, it's the banks money that's missing. permalink fedilink source parent
[–] ShepherdPie@midwest.social 2 points 2 years ago Many do offer protection but during the period between fraud occurring and the resolution, you don't have access to your money. With credit cards, it's the banks money that's missing. permalink fedilink source parent