On the surface it seems like we’re comparing two similar pieces of plastic that provide mechanisms for transferring cash from a purchaser to a vendor, but I think it’s more useful to think about the contract terms that you, the purchaser, agree to when you transact using one or the other.
For example, the ability to “claw back” funds transferred by credit card gives the purchaser much more confidence when dealing with an unknown vendor. Debit cards introduce more risk that funds can’t be recovered if the purchase has not been fulfilled or otherwise gone bad.
For example, the ability to “claw back” funds transferred by credit card gives the purchaser much more confidence when dealing with an unknown vendor. Debit cards introduce more risk that funds can’t be recovered if the purchase has not been fulfilled or otherwise gone bad.