Credit card debt in the U.S. has reached a record high but around 23% of Americans are putting less money toward paying it down, per New York Life's survey.
I justified it as a form of extra security over using a debit card. If fraudulent use of a credit card occurs, then that’s on the issuing bank. If fraudulent use occurs on a debit card, I may be on the hook for a couple of days while the bank sorts it out. For some people, they can easily tank the hit. But if you are living paycheck to paycheck. That loss of money for a couple of days may mean a few days you go without eating.
I justified it as a form of extra security over using a debit card. If fraudulent use of a credit card occurs, then that’s on the issuing bank. If fraudulent use occurs on a debit card, I may be on the hook for a couple of days while the bank sorts it out. For some people, they can easily tank the hit. But if you are living paycheck to paycheck. That loss of money for a couple of days may mean a few days you go without eating.
Regulations also different between credit and debit cards. This article lightly touches on the primary difference: https://www.nerdwallet.com/article/credit-cards/credit-card-vs-debit-card-safer-online-purchases
You mean a couple of weeks, not days.