With Christmas and Hanukkah just around the corner, we are probably all reaching into our wallet a little more often. The National Retail Federation estimates that Americans will spend over $465 billion on holiday gifts this year.
Many of our clients and friends have expressed concerns about keeping their identity and credit safe against fraud while shopping. In the age of endless data breaches and retail hacks, we consider it more important than ever that individuals are well informed.
This article will focus on using credit cards vs. debit cards on various retail transactions. The main take-away: when you have a choice, always use your credit card.