Just wanted to share that this blog is back up and running. It's not of the early retirement sort, but more of the exposing dumb things that people do with money sort.
http://badmoneyadvice.com/2012/05/credit-cards-debit-cards-and-crazy-americans.html
Meh, I find this somewhat unconvincing. Yes, you will trade a small amount of interest to use a debit rather than credit card. But for people who don't have infinite will power (i.e.
most people that don't read this blog...and some that do), I don't think it is crazy or stupid to trade miniscule amount of interest for help staying out of debt. In fact, I'd say that that level of self awareness (to know that you can't trust your future self with credit) is wise.
Other than that, debit cards offer the same protection as credit cards as long as you swipe it as credit, and they have the same rewards as well if you bank in the right place.
Are credit cards fractionally better? Yes, but not enough so to call debit card users "crazy and stupid." It just makes for a more sensational title.