Friends Don't Let Friends Use Debit Cards

I just got off the phone with a really thoughtful and innovative entrepreneur. We spoke about KleerCard and how we help startups put their finances on a good foundation and with great controls. When I asked her what she used for corporate credit cards, she told me she just uses her business debit card that her bank gave her. [Gasp!] I shared with her what I am sharing with you now: I don't care if you don't use KleerCard, but please stop using your debit card and get a credit card—not for the credit but for the protections.

Here is a juicy quote from Frank Abignale (or Leonardo DiCaprio), the con artist you have watched on Catch Me if You Can:

"I don’t own [a debit card]. I never have and I never will. I don’t recommend them to anyone—not my family, not my friends, not you."

Why does he say this? Put simply, debit cards give instant access to all the funds in your account and if you get hacked or a website where your card is entered is hacked, your whole account can be drained and you will be left trying to convince the bank to refund your money.

This will never happen with KleerCard and our whole team is here to fight for you against fraud.

There are other reasons as well, from building business credit, to online protections, to expense management, to consider using KleerCard for your business. Let me know if you would like to learn more, or sign up below—it only takes five minutes: