AARP Says Using Plastic is the Way to Go This Season - Legal News

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Legal » AARP Says Using Plastic is the Way to Go This Season

AARP Says Using Plastic is the Way to Go This Season

AARP Says Using Plastic is the Way to Go This Season
December
23
The content is accurate at the time of publication and is subject to change.

While you may be worried about cyber thieves and hackers stealing your financial information, it turns out that if you have been using your credit card to pay for holiday presents, you might have made the better and more secure choice, according to the AARP Fraud Watch Network.

Why? They say the protection and benefits afforded by credit cards, like liability protection, far outweigh the risks. “People tend to favor cash or debit cards because it helps people stay on track, budget wise,” said AARP . “However, there is so much additional protection when using a credit card that it really is worth using over other payment methods.”

With cash and debit cards liability is on you

The top reason for using credit cards is limited liability when credit cards are stolen or lost. If that happens, you are only liable for $50 due to federal law. On the other hand, if your debit or ATM card is used fraudulently you could end up being out a lot more money because many debit card issuers have limited liability policies, so you could be left holding the bag.

While it’s helpful to keep an eye out for cyber thieves, there are also lots of pickpockets still on the streets because holiday shoppers are prime targets. As we all know if your wallet is stolen the cash is history, but once you call your credit card issuer, they freeze your accounts, and issue you a new card, so you can get back to shopping.

More protection and perks

These days credit card rewards are king for many of us, whether collecting miles and points, or getting cash back. And holiday shopping with your credit card can mean getting closer to that trip you’re planning or socking away cash or points for something else. But credit cards also offer other benefits that can be very real a bonus when buying holiday presents including:

• Extended return policies
• Price protection
• Damage and theft protection
• Extended warranties

AARP rolled out the Fraud Watch Network in 2014 to give people tools and resources to combat scams and identity theft.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Credit Cards Trending With Millennials
Credit Cards Trending With Millennials

Posted: July 05, 2016

It might be easy to assume that cash and debit cards are king with Millennials, but not so fast. They love their credit cards too, according to a new study by FICO. Continue reading
Data Breach Forecast by Experian
Data Breach Forecast by Experian

Posted: January 05, 2018

A large-scale breach could be in the cards for the US, according to a new report by Experian Data Breach Resolution, finding that Americans could face the first large-scale attack on vital aspects of the country's infrastructure. This, in... Continue reading
Keeping Your Identity Safe This Season
Keeping Your Identity Safe This Season

Posted: November 25, 2016

If you’re planning on doing the bulk of your holiday shopping online you’re not alone, according to a new study by New LifeLock, showing that a third of people are on point to do most or all of their shopping online. Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate.
For Excellent, Good Credit
INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles. That's $600 towards travel!
For Excellent, Good Credit
Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay
For Excellent, Good Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!