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Are debit cards better than credit cards?

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2011-09-12 13:58:50
2011-09-12 13:58:50

Yes, debit cards is like using a gift card, because you are using the money that you already have. Credit cards however are really good for emergencies. Buy now pay later kind of deal, but whatever you buy with your credit card you need to make sure that you can pay it off. So in my opinion it sounds like you're trying to get some idea on which one to get. If your just starting out i recommend a debit card. Hope this helps!

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With a debit card, some banks will pass the fees onto you. This is why it's always important that you use your debit as credit. When you use your card as credit, you have the fees passed onto the merchant, rather than you.


Lines of credit tend to have lower interest rates than credit cards.


Not always. There are times when it is easier to drop change into a meter than to put a debit card in a slot. Debit cards can have a fee. Debit cards can be subject to identity theft. Debit cards can be counterfeited. People who use debit cards often don't know how much they have in their account and can overspend their money and get into debt very fast. Debit cards have their place in place of money, but, there are some times when paying for items with cash and coin is the better way.


They allow people to buy things without paying immediately.


Prepaid creidt cards are safer than regular credit cards. They work much like a debit card so that when the money is exhausted on the card, the card will be rejected.


Debit cards are commonly issued by banks. When you purchase for goods or services, the amount is deducted from your bank account. Credit cards are issued by a bank or other institutions that deals with credit cards. When you make purchases, the issuer of the credit card will pay the merchant in advance. On the other hand, you may pay the credit card issuer in full or in installments with certain interest. If you want to learn more about credit cards, you may search online. Since, credit card is more complicated than debit cards, you should learn more about it.


Credit Union credit cards are generally better than bank credit cards as they have a lower interest rate, enforced by federal law. Credit union bankers usually pay $20 for late fees and bank credit card owners can sometimes pay nearly double.


Yes, most of McDonald's franchise stores are accepting major credit and debit cards such as Visa. There are more than thirty thousand McDonald's restaurant in 119 countries, so most likely the one near your place accepts plastics (debit/credit cards). But, before you use your credit or debit card for purchasing goods and services, make sure that you know how to use your card properly and wisely.


Prepaid credit cards are essentially the same as debit cards, just with a credit card company name attached. You only get to spend the amount you have deposited, or you may go over by a set amount but then you start having to pay fees.


A Visa debit card is similar to other debit cards. However, it can be used worldwide and is a fast alternative to cash or checks. Therefore, if travel is one of your pasttimes, Visa would be the perfect debit card.


It is a credit card company that issue secure and non-credit cards and debit cards. It has a wider acceptance and more recognizable brand than most secured credit card corporations.


like accepting Credit / debit cards? PayPal is a good starting point. Google or Yahoo check out is another. All three take a percentage, but better than nothing.


Prepaid credit cards are better than standard credit cards in that you're less likely to get in over your head financially. Standard credit cards are one of the primary ways people build debt but with a prepaid card you can only spend what you already have.


No, debit cards have absolutely no relation to credit cards other than that they may be used at locations that accept various credit cards. However, having bad debits are kind of like bounced checks and can affect your rating by credit bureaus and Chexsystems; which banks use to determine whether or not to extend accounts to people.


There is no such thing as a prepaid credit card. There are secured credit cards and prepaid DEBIT cards. yes because if you pre-pay it can be called 'credit' other than that both cards provides the exact same facility. for you question. yes its possible to topup your 'prepaid credit card' with another credit card or using a bank account. however it all depends on whether your bank/credit card company supports such facility. refer to the link provided to know more about 'prepaid credit cards' available and different services provided by them.


Pioneer Military loans may have better interest rates than regular banks or credit cards, but this depends on your credit. If you have a good credit score, you're more likely to get a better interest rate on a loan.


Yes. Look at all the benefits from several types of credit cards and you will see there are better cards out there. Be open minded, you will find one that fits you.


Standard credit cards can be used almost anywhere, where online credit cards are used solely online. Online credit cards usually have better rates than the traditional credit card as well as more thorough transaction tracking.


Some people just prefer credit cards because they give the person enough time to accumulate the money to pay the bill over the whole month. Debit cards, in truth, are actually probably just as popular, only less publicized, because you can't run up a massive bill for them due to the fact that the money is payed instantly.


A budget where you only use cash when you make purchase. No credit cards or debit cards. This allows you to not spend more than you have. Thus, it prevents you from getting into debt. This is ideal for people who are on a budget.


Chase credit cards offer a lot of cash back incentives when you use them to charge items. Sometimes, the cards offer one percent cash back depending on what you sign up for.


Credit cards are extremely popular and the most frequently used method of payment. Visa has the most contracts with banks. This means more Visa symbols will be found on bank debit and credit cards than any other credit card symbol. This makes Visa more popular.


A merchant account is where a business accepts debit and credit cards as payment for their goods and services. A mobile merchant account is where the business operates with the mobile phone company and the charges are made to the customer's phone bill rather than to a credit or debit card.


So long as the visa gift cards are under the same restrictions as normal credit and debit cards than yes you can.



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