Debit cards are increasingly becoming more popular nowadays. A recent survey conducted by the National Retail Federation found out that more Americans are relying on debit cards to pay for holiday shopping expenses.
While they may be useful, debit cards are also more prone to identity theft and security breaches. Credit cardholders are protected by federal law and cardholders only have to deal with $50 worth of unauthorized purchases. Debit cardholders, on the other hand, can lose "actual" money if their cards are compromised.
Nevertheless, consumers have the option to choose between credit and debit cards. Both cards have their advantages and disadvantages.