Why You Should NEVER Use a Debit Card - Part 1

Steve addresses the hidden risks of using debit cards, often
perceived as a safe payment option. It highlights how debit cards
create financial vulnerabilities through transaction and
overdraft fees, benefiting banks at consumers’ expense. Specific
scenarios reveal complications in transactions, such as gas
station holds and car rentals, and contrast the weaker fraud
protections of debit cards with those of credit cards. The
discussion emphasizes the financial pitfalls of overdraft fees
and the challenges of using debit cards while traveling.
Ultimately, it advocates for the more responsible use of credit
cards as a better financial tool for building credit and
protecting against risks.





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