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5 Reasons Using a Debit Card is Dangerous

More people are using debit cards than credit cards these days, which has spurred the Federal Reserve to push ahead on restricting the amount banks can charge merchants for each debit swipe. While banks gripe and merchants rejoice about the fledgling Fed rules that were put in place in late 2010, budget-savvy experts consider the rise in debit card usage good news because it means that shoppers are attempting to spend no more than they have in the bank.

The bad news is that using a debit card is just not as safe as using a credit card — even after new rules went into effect to restrict overdraft charges caused by debit purchases. CBS News tells us what makes a debit card so dicey?