Assalamu Alaikum girlie! 🌸

Now, I know you’ve heard 1 (or ALL) of these:

▶ "Debit card aren't don't have full fraud protection",
▶ "Debit cards don't offer any rewards",
▶ "I can't travel with a debit card", etc.

Well, time to set the record straight about debit cards.

👇Here are some common misconceptions & facts you should know

5️⃣ Common Myths about Debit Cards

💳 Myth: "Debit cards offer no protection against fraud".

✔️ Fact: Contrary to popular belief, debit cards do come with fraud protection.

Most banks offer zero liability policies that protect you from unauthorized transactions if your card is lost or stolen.

💳 Myth: "I can't rent a car with a debit card".

✔️ Fact: Most car rental companies will accept a debit card (sometimes requiring a security deposit).

Companies like Alamo, Avis, Hertz, & Sixt all accept debit card payments to rent a car—you might need to push a bit sometimes!

💳 Myth: "Debit cards are inferior to credit cards for online purchases".

✔️ Fact: Debit cards can be just as effective and secure as credit cards for online transactions.

Plus, using a debit card helps you stay within your budget by using your own money rather than borrowing money.

💳 Myth: "Debit cards offer no rewards or benefits."

✔️ Fact: While debit cards may not offer the same extensive rewards programs as credit cards, many banks and financial institutions provide perks like cashback rewards, discounts on purchases, and reimbursement for ATM fees.

It's worth exploring the benefits offered by your debit card issuer!

💳 Myth: "Debit cards are inconvenient for travel."

✔️ Fact: Debit cards can be a convenient and secure option for travel. Many debit cards are accepted worldwide, allowing you to make purchases and withdraw cash abroad.

Beyond that, using a debit card eliminates the risk of accumulating debt while traveling, as you're spending your own funds rather than borrowing money.

So the next time someone says “debit cards are trash”, you’ve got some points to create a counter-argument. 💸

Until next time,

Fatimah ✨

p.s. Want to start building wealth? Schedule a 30-min call let’s get you straight! (It’s FREE- no strings attached)