Credit Cards: Consumer ProtectionsĪ debit card doesn’t have the same legal protections that a credit card does. Places You Should Never Use a Debit Cardĭebit Cards vs.Let’s take a look at a few of the flaws inherent in using debit cards. “Your checks start bouncing and, depending on your bank or credit union, the institution may not cover the bounced check charges that result from debit card fraud.” “Then you have no money to pay your mortgage, your car loan or to buy gas or food, among other things,” money expert Clark Howard says. Understanding the Dangers of Debit Cardsĭebit cards, which are tied to your checking account, let you make purchases while avoiding the interest charges you might face if you use a credit card.īut there’s a big problem: What happens if a criminal compromises your debit card? And we’ll identify half a dozen places where you should never ever use a debit card. In this article, we’ll take a look at the dangers of debit cards and their hidden costs. But there are many reasons why you should never use a debit card as a form of payment, as tempting as it may be. Banks love to pitch debit cards as a way to avoid spending money you don’t have.
0 kommentar(er)
