It seems like on every TV channel these days there’s always some “in-depth” report profiling a poor soul that has fallen victim to identity theft through an online scam. As a result, millions of Americans hold deep reservations against using their credit cards online, believing the same fate will fall upon them. At the same time, however, Americans pass around their credit cards to merchants in the real world without even batting an eyelash. But when you take a step back and compare how credit cards are used in the real world versus online, it’s actually easy to see that you have much less to worry about in cyberspace.
ATM Cards vs. Debit Cards vs. Credit Cards
These 3 types of plastic may look alike, but they have very different uses.
For example, ATM cards can generally only be used to withdraw cash from an ATM. Debit cards, on the other hand, double as both an ATM card and a way to make purchases directly from your checking account without having to write a check. When given a choice, most people prefer debit cards to ATM cards since they are more convenient.