The Pluses -- and Minuses -- of Credit and Debit Cards

When we wrote about the downside of debit cards recently, we were flooded with reader comments. Here we explain what's good and bad about debit -- and credit -- cards.

In our November issue, we published a short article -- written by yours truly -- called The Downside of Debit Cards, focusing on how debit cards have fewer protections against fraud than credit cards. It also recommended using credit instead of debit cards for small purchases to avoid liability.

The article unleashed a firestorm from irate readers. Among comments on our Web site:

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Senior Reporter, Kiplinger's Personal Finance