Martin Lewis Highlights Hidden Costs of Debit Cards: What You Need to Know

Martin Lewis, a well-known financial guru, has shed light on a pressing issue: the hidden costs of using debit cards. Many consumers assume that sticking to a debit card helps them manage finances without incurring debt. However, Lewis emphasizes that this common financial understanding might be flawed. Overdraft fees on debit cards can actually exceed the interest rates on credit cards. Moreover, credit cards often offer additional protections and rewards. Understanding these insights could change how you think about everyday transactions.