bernard
THEE Realist
Not all plastic is created equal. From limited fraud protection to a lack of credit building, here's why you shouldn't use a debit card.
In the debit vs. credit card contest, credit cards typically perform best. Whether you swipe your credit card at a store or use a mobile wallet like Google Pay, credit cards offer robust fraud protections. And if credit cards are responsibly used and the balance is consistently paid off, users can benefit from credit card rewards programs as well (depending on the account type).
So what about debit cards? Perhaps you worry about going into debt or you prefer to always use cash. Maybe you feel more comfortable using funds directly from a checking account. While these may seem like legitimate reasons, it’s important to remember that not all plastic is the same. Read on to discover five reasons why you shouldn’t use a debit card.
Debit vs. credit
When opening a checking account, most banks or credit unions will give you a debit card. A debit card allows you to make purchases using the funds in your account without writing a check. And while you have the plastic option in your wallet, there are some important reasons why you shouldn’t use a debit card in many situations.In the debit vs. credit card contest, credit cards typically perform best. Whether you swipe your credit card at a store or use a mobile wallet like Google Pay, credit cards offer robust fraud protections. And if credit cards are responsibly used and the balance is consistently paid off, users can benefit from credit card rewards programs as well (depending on the account type).
So what about debit cards? Perhaps you worry about going into debt or you prefer to always use cash. Maybe you feel more comfortable using funds directly from a checking account. While these may seem like legitimate reasons, it’s important to remember that not all plastic is the same. Read on to discover five reasons why you shouldn’t use a debit card.
5 Reasons You Probably Shouldn’t Use a Debit Card
From limited fraud protection to a lack of credit building to fewer rewards programs, here's why you shouldn't use a debit card.
www.rd.com