answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Why are you less likely to incur crushing debt if you use a debit card rather than a credit card?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is equipment a debit or credit?

it is a credit because more than likely the job is paying for it


Is office equipment debit or credit?

it is a credit because more than likely the job is paying for it


Is office equipment a debit or credit?

it is a credit because more than likely the job is paying for it


Is prepaid insurance a debit or credit?

Debit


What are the costs of using credit cards and debit cards?

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.


Why use debit cards rather than credit cards?

save money on interest


Does cash on hand have a debit or credit balance?

credit


Is a refund to a credit card a debit or credit?

Debit


Is cost of sale credit or debit?

Credit or debit


What are the rules of debit and credit for assets?

There are three rules for recording transactions: Personal account Debit the receiver. Credit the giver. Real account Debit what comes in. Credit what goes out. Nominal account Debit all expenses.There are three Golden Rules for Debit & Credit, whole accounting is depend on these three rules :- 1. Debit what comes in & Credit what goes out. 2. Debit the receiver & Credit the..Because to make the things debit on debit side and credit on credit side, for that purpose its important to memorize the debit and credit rule.


Why is it important to memorize the debit and credit rules?

Because to make the things debit on debit side and credit on credit side, for that purpose its important to memorize the debit and credit rule.


Is drawing debit or credit?

its debit.