What is a key benefit of using a debit card?

A key benefit of using a debit card is that it does not incur interest charges. When you use a debit card, you are spending money that you already have in your bank account, rather than borrowing funds as with a credit card. This helps individuals manage their finances more effectively, as they can only spend what they own, avoiding debt and the potential financial burden of interest payments.

In contrast, access to credit is a feature inherent to credit cards, allowing for borrowing beyond one's immediate funds. While debit cards can indeed be used for large purchases, certain limits might apply based on the account's balance. Lastly, the claim of no fraud protection is misleading; debit cards often come with some level of fraud protection, but this is less robust compared to the protections offered by credit cards. Thus, the absence of interest charges is a significant advantage of using a debit card.