I don't have a debit card and I'm convinced I don't need one - Business Insider

But I find using credit is safer, more convenient, and helps me earn rewards that debit cards don't.

When I tell people I don't use a debit card, they give me this look like I'm utterly crazy. "You don't have a debit card?" they ask me incredulously. "How do you get by?" . There are many debit card risks people fail to think about, and it may not be the best choice for you financially. To the dozens of people who have asked me, "Why?!": This post is for you.

In a bigger city, your own physical security is something to consider. I don't like the idea of carrying a ton of cash in my wallet, and potentially being mugged or having my purse stolen. If I were to lose my purse because of my own negligence, I can just cancel my credit cards — I don't have to worry about losing a significant amount of cash.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Enjoy complimentary access to Business Insider Prime - Sign up today with no obligationsWe saw a lot in 2019, including Amazon's tax scandal, WeWork's downfall and Bloomberg's toxic culture to name a few. Read all the details with free access to Business Insider Prime (BIPrime) for a limited time. BIPrime BIPrime You are great
Source: BusinessInsider - 🏆 729. / 51 Read more »

Ex-Carnival, Royal Caribbean workers reveal best cruise hacks - Business InsiderEight former cruise-ship employees told Business Insider what advice you need to know if you're going to spend months working on a ship.
Source: BusinessInsider - 🏆 729. / 51 Read more »