The Downside of Debit Cards

If you use a debit card this makes an excellent case for why you should just use a credit card instead.

So, what are the downsides to debit cards? Well, first off, they’re a direct link to your checking account and your money. I don’t like anything that has such a direct connection, which is why I don’t carry a checkbook anywhere, ever. If the card is stolen, or otherwise compromised, then the money that’s at risk belongs to you, not a credit card issuer. That’s just the first reason, and there are many more…