If you follow Clark Howard, you'll know he's not a fan of debit cards. In his December 16th show notes
, he describes a new type of debit card that some retailers are offering like Target and Nordstrom. Here's what he says about the Target debit card:
Target has had great success with a credit card called the Target REDcard that gives you 5% off your in-store purchases. But for those who don't want credit cards or can't get approved for one, Target also offers a version of the card that -- like a traditional debit card -- will debit from your checking account and still give you 5% cash back when you shop at the Red Retailer.
One thing Clark doesn't mention is what kind of protection these cards offer if crooks get a hold of the cards or numbers.