Debit cards are a tempting alternative to credit cards.  They carry many of the same conveniences, but without the unwanted enticement to indulge in overspending.  Because of this, more and more people are choosing debit cards over credit cards.

Although debit cards are a good alternative to credit cards, they might not always be the best choice in certain circumstances.  An example of when not to use a debit card is in travel.  One reason why this is true is that debit cards offer far less protection if it was lost or stolen.  Credit cards have many security features that do not make you liable for a majority of the illegitimate transactions.  Another big disadvantage of debit cards is that they are often linked to multiple accounts putting your other finances at risk.  Spokesperson for the National Foundation for Credit Counseling, Gail Cunningham said, "If someone gets access to your bank account through your debit or ATM card, they can wipe out your entire account."  "And even scarier, if you have that account associated with another account, say your savings account, so you never overdraw your checking account, it can just keep coming out," she added.  Finally, credit cards often have purchase protection programs far superior to debit cards.  Large purchases made abroad are best done using credit cards. 

On the other hand, there are three circumstances that make debit cards ideal.  Debit cards are a great option for those who have no access to credit.  Individuals with a less than ideal credit history may find it increasingly difficult to apply for a credit card.  Debit cards are a viable option for these individuals as well as young consumers starting off in the world.  Debit cards also allow consumers to better manage their spending and budgets.  Debit cards offer fewer temptations to overspend beyond your means.  Finally, debit cards are great for those who simply do not want to carry cash around.  Debit cards allow individuals to pull cash from ATMs while not having to carry a large stack of cash around.