Question

Which of the following is a downfall of using a debit card?
A.
It cannot be used to obtain cash from your account.
B.
If it is lost or stolen, your checking account could be wiped out.
C.
It cannot be used to make large purchases.
D.
It is difficult to track your spending when using a debit card as a form of payment.

Answer 1

thoughts?

recall that debit cards deduct the money right at the point of purchase (as opposed to a credit card, for which the money is only deducted from your account when you pay your bill). with that in mind, which answer choice do you think describes a negative potential outcome of using a debit card as opposed to a credit card?