Whenever you have to pay for something like home loans, you have the alternative of using credit cards or cash but now another article has been added to the list and this is the debit card. These cards make it more suitable to pay for your purchases and simultaneously manage your spending. How is this conceivable you might ask? If you apply for debit card, it can be used in a similar way as a credit card wherein you do not have to bring cash with you simply charging items purchased on the card itself. It can be used as a credit card but the notion of using cash also comes into play in which you can set a limit for your card by depositing a certain amount of money to your card’s account. This is your boundary. Consequently, should you not have sufficient money in your account to pay for any item; you will no longer be able to use the card until you have put more money into your account. This is the security guard that debit cards are able to offer.

With these smithereens of information, it might seem that this type of card is a remarkable way to pay for things but similar to credit cards these cards have their disadvantage. Debit cards might offer a substantial amount of safety in terms of permitting the cardholder to set a limit for their account to control their expenditure but if your card is filched the thieves have easy access to your money and they can straightforwardly expend it with no questions asked. As the acquisition is made the amount is automatically withdrawn or subtracted from your account balance. With this in mind, you have to protect your cards, and there are certain ways of doing so. The first thing to do is to keep an eye on your debit account and this you can do online on an everyday basis. Read through the transaction report for the activities of your card to make certain that what has been subtracted from your account is what you have actually spent. Also, as with credit cards, be certain to report any difficulties you see with your account info instantaneously to the corresponding bureaus. When you apply for a debit card and use it, keep vigilant eyes on the person handling your debit card when you pay for something to avert them from stealing your card info.