Ask The Experts: Pay Bills with Credit Card or Bank Account?

When paying bills electronically is there a preferred source of payment - i.e., credit card or banking account? Which is the safest way to go? Thank you so much for helping. -Linda, MA

The safest way to pay is with your credit card because in the off chance that the card information is compromised you have basically no liability as long as you report the misuse quickly.

If you use your banking account and someone is able to steal your credentials they can log in, empty the account and be gone before you know it. While you may be able to recover your money from your bank, you may have bounced checks because the empty checking account couldn't cover any of your outstanding checks. That won't happen with a credit card.

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John Ulzheimer is a nationally recognized credit expert, president of Consumer Education for and contributor to On The Money. Learn more about him at