The main reason a debit card is better than a credit card is because most people are not disciplined enough to handle credit. It started with this column: Credit card vs. debit card: Wow Air’s shutdown shows which is better. For everyone else, it makes no sense to have a debit card instead of a credit card.”— “No, Michelle, there are NO advantages to using a debit card. Gone!”Here’s what most people wanted to know: Unless you are a compulsive spender, what advantages does a debit card have over a credit card? “The increase in credit card balances is consistent with seasonal patterns but marks the first time credit card balances re-touched the 2008 nominal peak,” the Fed said.

Source: Washington Post April 18, 2019 11:48 UTC