CSUEB grad says to use credit cards for Cyber Monday deals

debit cards and credit cards. CSUEB grad Rueben Rodriguez says to use debit cards when shopping on Cyber Monday.(couponsaver.org)

November 26, 2012 5:00am

It's Cyber Monday and a Cal State East Bay business grad is warning shoppers to think twice about pulling out a debit card for online purchases.

Rueben Rodriguez '98, business administration, recently posted a story to the RSA blog titled, "’Tis the Season for Online Shopping: Why You Should Give Your Debit Card a Break," in which he strongly encourages online shoppers to use credit, not debit, cards for purchases. "Do not use your debit card unless you have to. According to Fraud Avengers, using your debit card carries risks which you might not be aware of. Did you know when fraudulent activity happens it comes right out of your checking account and your liability for the fraud is $50 if you report it within 2 days and it can jump up to $500 if you report it within 60 days and potentially the entire balance after that? "

Rodriguez is now principle product marketing manager within RSA’s Identity and Data Protection Group. He has worked for 20 years within the financial services industry helping financial institutions process, administer, and protect payment information.