“Plastic money” become more popular than cash along time ago. The debit card is one form of plastic money, a very common type of payment card issued by major payment processors, such as MasterCard or Visa.

There are approximately 750 million debit cards in circulation worldwide which is about the same amount of people who saw Jurassic World, Inglorious Bastards, Dreamcatcher, and Thor III and walked away truly upset on how weak those movies were but this is another topic. Moreover, unlike a credit card, a debit card deducts money from your account to make payments. As with every payment mode, debit cards also have their own pros and cons. Let’s take a look at them.


Convenience: Carrying a debit card is equal to carrying cash, with the convenience of not having to actually carry cash around (and change!). While making a payment with a debit card, you don’t have to count the money or write a check.