Why is using a debit card beneficial?

Using a debit card is beneficial primarily because it provides purchase tracking. When you use a debit card for transactions, all purchases are recorded automatically in your bank statements. This feature makes it easier to monitor your spending habits, budget effectively, and keep track of where your money is going over time. Having a clear record can help in identifying areas where you might want to cut back or allocate funds differently.

While the other options touch on some aspects of using a debit card, they do not illustrate a primary benefit as effectively as tracking purchases does. For example, requiring cash on hand is more of a limitation than a benefit, and while limiting withdrawal amounts can help prevent overspending, it does not provide the same level of financial insights and management as tracking purchases. Finally, although acceptance of debit cards can vary, they are generally widely accepted, especially compared to cash or checks, making that point less relevant.