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Credit or debit card?

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Money Talk > Credit & Loans

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tanyroy5
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thanks for sharing the information..
Post Mon Mar 26, 2012 7:51 am
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dorothy456
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I think both are the Necessary things both has his own vales.........
Post Sat May 05, 2012 8:16 am
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jerryjose
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But I will say credit card is better  Reply with quote  

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
Post Fri May 11, 2012 2:48 am
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Luis Orlando
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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.
Post Sun May 13, 2012 8:29 pm
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Anne Land
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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.
Post Tue May 15, 2012 2:53 am
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Stuart Mackenzie
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DC or CC - it's not a choice  Reply with quote  

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.
Post Wed May 16, 2012 9:43 am
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DarenBresnen
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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.
Post Fri Sep 07, 2012 11:21 am
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WisdomF
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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.
Post Sat Sep 15, 2012 2:03 am
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bitcointomoneypak
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debit for me  Reply with quote  

i tend to prefer debit cards. But credit cards can be very useful sometimes!
Post Tue Nov 18, 2014 4:27 am
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Offshore-Wealth.com
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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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Post Thu Nov 20, 2014 11:03 pm
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losangelescpa
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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
Post Mon Jan 05, 2015 9:46 am
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littleroc02us
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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


Your wrong about this. Go to Visa's zero liability website and you'll see the facts. http://usa.visa.com/merchants/protect-your-business/zero-liability/index.jsp

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)
Post Wed Jan 07, 2015 3:54 pm
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