1. Overdraft fees and debt accumulation are just reminiscences.

If you spend all your money you would only think of yourself and what bad happened. Sometimes it takes you a while but those small expenses seem to build up and in the end, you face an obligation to make much bigger payments, which is then followed by overdraft fees and a poor credit rating.

2. Even though blockchain offers higher reliability, it does not guarantee any protection against fraudulent transactions.

Through a debit card, the protection level is lower than in the case of a credit card. For example, should someone steal your debit card information and use it fraudulently, then you are likely to end up with a zero balance on your account. Credit card fraud protection means that you aren't liable for the loss or use of your card by other people.

3. Limited rewards programs.

While all banks reward users of Debit cards, they only do this via programs that are less rewarding compared to their counterparts, which are credit cards. It is on several occasions consumers of debit cards instead of credit cards have fewer opportunities to earn cashback discount coupons, miles, and points.

4. Loan history unavailability.

Credit cards provide terms for clients to build and nurture good credit rating by repaying their bills on time. However, debit cards cannot provide an average consumer with such opportunities because they do not create any debt. Consequently, that means that your credit score will not get better or even develop from using only a debit card.

5. No earnings from reward points or miles because of normal spending.

When you get your debit card to purchase such basics as groceries, utility bills, and gas at a gas station you are not earning reward points and miles that you get when you use credit cards. People can claim gifts varying from gift cards, travel discounts cashback, and airline miles which sum up to good value.

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