CREDIT CARDS
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2. Fraud Prevention and Protection: With credit card fraud, the card issuer must fight to get its money back after GRF reports the transactions. With debit card fraud, GRF must fight to get our money back.
3. Most vendors prefer credit cards, as they can receive payment within 1-2 business days, rather than waiting on a check to clear.
4. There is a financial benefit to using credit cards, as it allows GRF to ride “the float” from the time when we make the purchase to when we actually pay the entire bill. During that time frame, we can continue to earn interest on the funds instead of taking the funds directly out of our checking account at the time of purchase, as with a debit card.
