A Chinese teenager spent her parents' life savings on mobile games in only four months. Their debit card was linked to her game, and she pulled money from their savings account. When her mom checked her savings account, there were about seven cents left. Credit cards allow some recourse when you notice a suspicious transaction: You can dispute the charge, and you can freeze your card. You can typically also set alerts for the credit card company to notify you of transactions over a certain amount.

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Persons: —, Matthew Loh, wouldn't, Loh Organizations: Service, Elephant News, Finance Locations: China