&gt; you can get ~2% back on all purchases<p>Who pays for these 2% cashback? Most definitely not the card networks, and not the merchants. It&#x27;s the CONSUMERS who pay for their own cashback.<p>&gt; Also, has insurance and foreign exchange fee benefits<p>That &quot;insurance&quot; stuff is highly questionable imho, and most people don&#x27;t ever need the forex benefits.<p>&gt; Debit cards: if it gets compromised, you start losing cash out of your account<p>Chip and PIN. It&#x27;s not hacker proof either, I admit, but way better than CCs.