I think both are the Necessary things both has his own vales.........
Sat May 05, 2012 8:16 am
Cash: $ 2.80
Joined: 06 May 2012
But I will say credit card is better
credit card and debit card, which is better. With debit card you can withdraw money from your bank account through an ATM and can make purchase and payments with the money lying in your bank accounts.
But with credit card you can do all these things without have a bank balance. But you must be careful so that purchase and payments must not be more than the limit and pay all credit card bill in time. Unless you have to pay hefty penalty and interest.
If you use credit car wisely, credit card is better. I am using my credit card than my debit card. But keep tracking regularly
Fri May 11, 2012 2:48 am
Luis Orlando First Time Poster
Cash: $ 0.20
Joined: 13 May 2012
Location: New York
For most people, using both a debit card and credit card makes sense. The key is not to spend more than you have with either. If you can do that, you’ll be able to enjoy the benefits that each provide.
Sun May 13, 2012 8:29 pm
Anne Land Member
Cash: $ 3.05
Joined: 11 May 2012
I prefer the credit card and pay that off each month. However it does depend on how good you are at paying this off as it can balloon out of control in a very short time.
Tue May 15, 2012 2:53 am
Stuart Mackenzie Member
Cash: $ 2.50
Joined: 25 Apr 2012
Location: Norfolk UK
DC or CC - it's not a choice
In my opinion both are necessary. For smaller purchases Where there is little likelihood that the product will not be delivered I prefer to use my debit card but I would not pay for a holiday on my debit card because you have no comeback at all.
Wed May 16, 2012 9:43 am
DarenBresnen New Poster
Cash: $ 0.40
Joined: 07 Sep 2012
It depends on your personal preferences.
With credit card, you're actually taking a loan from bank which you would have to pay back.
And with debit card, you're making payments out of the money you own.
So, it depends on one's choice which one to take.
Fri Sep 07, 2012 11:21 am
WisdomF New Member
Cash: $ 1.40
Joined: 19 Jun 2012
Location: Dubai, UAE
In my humble opinion, it depends to your preference whether credit card or debit card.
Credit Card - There are a lots of benefits of using credit cards like airplane air miles points, cash back, special insurance (from some banks), discount from accredited stores, rewards, useful during emergency cases and many more. It is wise to have at least 1 credit card.
Debit Card - Using without debt and no interest. It is safer to carry debit card rather than cash especially if we are purchasing items that cost a large sum of money.
Sat Sep 15, 2012 2:03 am
bitcointomoneypak New Member
Cash: $ 1.60
Joined: 18 Nov 2014
debit for me
i tend to prefer debit cards. But credit cards can be very useful sometimes!
Pay off credit cards, and don't make the mistake I did when I decided to dump all my credit cards. You cannot rent a car in many places without a credit card, and debit cards are refused, so beware, always keep on credit card, but pay it off every month to avoid the high interest rate theft by these banks. Insane to carry balance when they charge 10% to 24% which is a total ripoff considering banks access funds from fed reserve at near zero interest.
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Thu Nov 20, 2014 11:03 pm
Cash: $ 2.00
Joined: 05 Jan 2015
It depends if credit card is better or debit card. credit cards offer more consumer protection on purchases made. Use credit cards for very large or fragile purchases and for objects that will be delivered to your home after the purchase. This gives you added insurance in case the purchase is damaged in route. On the other hand for debit card fraud, your liability is $50 if you notify the bank within two days of noticing the fraudulent charges. After two days, your liability increases to $500, and up to your entire account balance after 60 days. See more : losangelescpa(dot)org
Mon Jan 05, 2015 9:46 am
Cash: $ 381.25
Joined: 09 Feb 2009
quote:Originally posted by losangelescpa It depends if credit card is better or debit card. credit cards offer more consumer protection on purchases made. Use credit cards for very large or fragile purchases and for objects that will be delivered to your home after the purchase. This gives you added insurance in case the purchase is damaged in route. On the other hand for debit card fraud, your liability is $50 if you notify the bank within two days of noticing the fraudulent charges. After two days, your liability increases to $500, and up to your entire account balance after 60 days. See more : losangelescpa(dot)org
Debit cards and credit cards have the same protection. So long as you call your bank within so many days they verify the charges are fraud and we'll reimburse your money back into your account. If your lazy and don't check your account very often, then you could have issues. I recently had fraud charges, where someone stole my business visa debit and within two days the money was back into my account after I called the bank.
Risk comes from not knowing what you're doing. (Warren Buffet)