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Basics Beginner: Introduction to Debit Cards

Introduction to Debit Cards How Debit Cards Work Varieties of Debit Cards How Debit Cards Compare with Credit Cards Protections for Debit Card Holders Preventing Debit Card Fraud Summary of Debit Cards
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Introduction to Debit Cards

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Debit cards have grown greatly in popularity. Let’s learn how they work and how to protect yourself.

What you will learn

  • How Debit Cards Work
  • Varieties of Debit Cards
  • How Debit Cards Compare with Credit Cards
  • Protections for Debit Card Holders
  • Preventing Debit Card Fraud

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Introduction to Debit Cards

"Would you like to pay for that with debit or credit?"

You probably hear that question at many checkout counters. If you are like many people, you simply whip out a small plastic debit card and pay for your purchase and then go on your way, mindful that you aren’t draining your account balance in the process.

Debit cards have grown greatly in popularity in recent years for their convenience. They have eclipsed check writing and even credit cards among many people. If you are like the average shopper, you’ve probably been using them for some years now.