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There is no doubt that a debit card has its benefits. Because it's tied to your checking account, a debit card is easy to get, safer to carry than cash, and accepted pretty much everywhere. And unlike credit cards, a debit card doesn't lead to interest payments. It's the convenience of a debit card that makes it so easy to overlook its faults. Here, we'll discuss the dark side of taking on a debit card and what you can do to avoid debit card traps.
Source Fool.com