ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It is like using your own cash and it’s convenient.
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There is no overdraft fee.
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There is no interest fee.
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You can check and track down your transactions.
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Detailed explanation-1: -Avoid fees and service charges. Stay accountable for your spending. Faster payments mean better budgeting. No interest charges. Security. Debit cards are linked to interest-earning accounts. Bank and Merchant Rewards. More items •13-Jun-2017
Detailed explanation-2: -A Debit Card Is Convenient To Use Thanks to debit cards, there’s no need to carry around wads of cash. They’re also secure, requiring a PIN or your zip code to verify the transactions. These benefits are especially evident when you compare them to old-fashioned paper checks, which many retailers no longer accept.
Detailed explanation-3: -Many of us use credit cards irresponsibly and end up in debt. However, contrary to popular belief, if you can use the plastic responsibly, you’re actually much better off paying with a credit card than with a debit card and keeping cash transactions to a minimum.
Detailed explanation-4: -Using a debit card is also easier and faster than writing a check. It’s a good way to pay for purchases without having to pay interest, as you would if using a credit card with an outstanding balance. You can even use your debit card to get cash when you make purchases at a store.
Detailed explanation-5: -Easy to obtain. Once you open an account most institutions will issue you a debit card upon request. Convenience. Purchases can be made using a contactless or chip-enabled terminal or by swiping the card rather than filling out a paper check. Safety. Readily accepted.