Debit Cards Good For Budgeting And Debt Reduction - We all know the number of credit card users far exceeds that of debit cards, but there appears to be a rising trend in the usage of debit cards among households in terms of card purchases. This translates into a growing concern about debt and a shift to better manage personal finances in this current uncertain economic climate.

For many people in America it is hard to resist pulling out the credit card when strapped for cash, but with credit card interest rates at 18% a year (1.5% a month), most are beginning to turn to debit cards. Debit cards allow consumers to enjoy all the benefits of credit cards, without the typical drawbacks.

While credit cards give consumers a false perception of purchasing power and wealth, they can also ruin your credit score if they are not used properly.

 For Americans who have been kicked out of their banks as a result of bankruptcy, loss of income or job, too many bounced checks, or insufficient funds, a prepaid debit MasterCard purchased on the internet or at a retail location is the next best option for shopping online, paying your bills, and sending money to loved ones.