Credit or debit? This is the decision a consumer faces each time they open their wallet to make a purchase.
Some consumers may choose to strictly use debit for financial management reasons. Others may use credit to reap the rewards offered by many card companies. However, there is another layer to the difference between these two options, and in many cases a credit card might actually be the better choice. The level of financial and legal protection under credit and debit cards is very different.
This article on thepennyhoarder.com outlines six different situations where you actually shouldn’t use a debit card. Check it out before you make your next purchase.