Credit Card vs. Debit Card
Posted by Shino Ito
This is just an observation of mine and I practice this in my personal life, too.
Have you paid with debit card @ grocery checkout? restaurants? on-line?
Just think of this way. Credit card number is stolen every day, including debit cards. If your card number is to be stolen, which you rather be, credit or Debit card? Neither is what everyone would say, but if you use any card in public, you are increasing risk of getting it stolen. So, let's think in term of practicability.
If your card number was stolen and thief start charging. If the number that was stolen happened to be credit card and not debit card, then your credit card may be maxed out. You can dispute your charges and hope that your credit scores weren't affected. If your debit card number was stolen, you may have all of the problems from credit cards PLUS cash that you'll not going to have for weeks and months until banks get them back for you.
My point is that debit card is directly linked to your cash. When c ... more »
Posted: December 6, 2007 10:31 am | 0 comments
Tags: credit card, debit card, personal finance