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Local Bank Suggests Debit Over Credit

February 5, 2014, 7:07 AM by Brittany Larson

Local Bank Suggests Debit Over Credit

With every swipe of their credit or debit card, shoppers may wonder if their personal information will be compromised. It has been almost two month since big retailers like Target got hit with a massive security breach.

In light of the recent Target and Neiman Marcus security breaches, it seems like fraudsters are relentless when it comes to gaining access to your personal information. However, shoppers like Nancy Gross, don't seem to be too worried.

"We have never really used a debit card, we have a debit card but we don't not use it. We have found that usually the credit card is a safer way for us to go," Gross said.

But when it comes to deciding whether you should select credit or debit, some banks recommend the pin option.

"Both of them should be secure so I don't think there's a reason why you should not use credit but just from our standpoint and we feel from the consumers stand point, it adds that extra protection when they input their pin number," Rick Anderson with Frontier Bank said.

Anderson says if you don't use cash, you don't need to feel unsettled about using plastic.

"Our credit card provider will send out alerts to us everyday, so if they see there is a problem, so if we have a suspicion that there's a card that might be compromised, we actually contact that customer and talk to them about a replacement card. So I think they need to be aware of it and they need to watch their accounts but they shouldn't be afraid to use it in a transaction," Anderson said. 

"I know that my credit card is guaranteed and if anything should happen, I have a back up with my credit card company." Gross said.

When making purchases online, Discover Bank suggests paying with a credit card. If you pay with a debit card, funds are immediately withdrawn from your account. Also, tips from Visa Security Sense recommend reviewing your receipts before you sign, as well as sign up for email or transaction alerts from your bank.

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