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Review:

Debit Cards

overall review score: 4.5
score is between 0 and 5
Debit cards are payment cards that are linked to a cardholder's checking account, allowing for electronic funds transfers when making purchases.

Key Features

  • Direct access to funds in linked checking account
  • Acceptance at most retailers and ATMs
  • Ability to make online and in-person purchases

Pros

  • Convenience of cashless transactions
  • Security features such as PIN numbers and fraud protection
  • Easy budget tracking with real-time transaction monitoring

Cons

  • Limited consumer protections compared to credit cards
  • Potential for overdraft fees if account balance is insufficient
  • Risk of unauthorized access if the card is lost or stolen

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Last updated: Sat, Feb 1, 2025, 02:09:00 PM UTC