RT @2_insurance: Credit Cards: Types Of Credit Cards | Investopedia http://t.co/u63kh5K4tT #credit
Source: credit.remmont.com
Kenneth Carnesi holds a Juris Doctor degree from New York Law School and a Professional Certificate in International Banking from Harvard Law School. Kenneth Carnesi is the Director of Operations and Government Sales at Anaptyx LLC and sits on the Boards of The Lazarus Organization, Monkeetech LLC and MG Madison Phillips, Inc. Mr. Carnesi has also founded CICG - Carnesi International Consulting Group, a company specializing in strategy consulting to small to mid-size businesses.
Kenneth Carnesi 
Using a credit card for online purchases is the smartest way to go when shopping online. Thanks to the Fair Credit Billing Act, your liability for unauthorized credit card charges is limited to no more than $50, as long as you report the charge within 60 days of the incident. Even then, most credit card issuers offer zero liability protections that would waive the $50 fee in credit card fraud/theft cases. Debit cards, on the other hand, are tied directly to your bank account and even if you report the theft immediately, you may have to wait several days to get your money back. If you report the theft within two business days of the transaction, your liability is limited to $50 but if you wait any longer, your liability jumps to $500. Wait longer than 60 days and you’re liable for the full amount. When shopping online, always choose credit over debit just to be safe.