"Credit cards offer very good
fraud protections whereas debit cards offer a slightly weaker set of protections. For example, you are only liable for $50 of credit card fraud if you discover the loss/theft of a card after the fraud occurs. With a debit card, if the loss of the card is reported within 2 business days, it’s only $50. After 2 business days, it’s $500. After 60, you are completely liable."
Credit card companies have a financial incentive to get fraud handled quickly... after all, it's their money that is exposed. With a debit card, it's your money on the line. Plus, if a credit card is exposed to fraudulent activity, you can simply cancel the card and have them issue you a new number. Or you can close the account and just use another card. Freezing a checking account, on the other hand, creates a number of problems... you may not have access to your money, for one.
Photo Credit: wheatfields