Re: Debit cards
Compared to credit cards:
1. No float.
2. No rewards (usually). If you get rewards, they're inferior to those of credit cards.
3. Less protection in terms of theft, loss, warranty extension, rental coverage, etc. If your card is stolen could take a long time to replace the funds -- possibly causing overdrafts.
4. No build-up of credit history.
5. More difficult to use when multiple people have access to the account. Usually need more buffer in your checking account to prevent overdrafts.
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