Posted on May 4, 2023
4 reasons why you shouldn’t use your debit card — The Points Guy - The Points Guy
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Posted 1 y ago
Responses: 5
LTC Eugene Chu
"4 reasons why you shouldn’t use your debit card (except at ATMs)
Increases your fraud liability Your debit card and credit card may look similar, but the law looks at these two pieces of plastic very differently regarding your liability if a thief uses each of them for a fraudulent spending spree. ...
Keeps your cash in a holding pattern ...
Doesn't give you travel benefits ...
Doesn't help you rack up rewards ...
Bottom line ..."
..."Bottom line
If you are one of the Americans who racked up credit card interest and fees in the past year, a debit card may be an essential ingredient in helping balance your personal budget and avoid finance charges.
Otherwise, leave the debit card in your wallet and instead reach for a great cash-back or travel rewards credit card to better protect your money and earn rewards on your spending."...
"4 reasons why you shouldn’t use your debit card (except at ATMs)
Increases your fraud liability Your debit card and credit card may look similar, but the law looks at these two pieces of plastic very differently regarding your liability if a thief uses each of them for a fraudulent spending spree. ...
Keeps your cash in a holding pattern ...
Doesn't give you travel benefits ...
Doesn't help you rack up rewards ...
Bottom line ..."
..."Bottom line
If you are one of the Americans who racked up credit card interest and fees in the past year, a debit card may be an essential ingredient in helping balance your personal budget and avoid finance charges.
Otherwise, leave the debit card in your wallet and instead reach for a great cash-back or travel rewards credit card to better protect your money and earn rewards on your spending."...
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Agreed. My USAA Credit Card is my "everything" shopping card...on my Apple Pay, everywhere. The best!
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