Tora Rep Points:
245
Posted on
April 9, 2009
at
2:28 am
It all depends on how you use them.Debit cards can be just as much trouble as credit cards if you don't watch your spending. You can overdraft your bank account when you overspend. Some banks charge up to $35 for each transaction that posts to your account even if the amount is low. It's possible to end up with $100 or more in fees from less than $20 worth of overdrafted transactions. In cases like that, interest on credit card purchases would likely cost you far less.
Posted on
April 9, 2009
at
2:56 am
Debit card is lesser evil since you are using your actual savings while if you use credit card you spend money which is only lent to you by the bank. You may use debit card as long as you have funds meaning your limit is dependent on your fund while the limit of credit card is provided by the bank. Credit cards usually have higher credit limits which tempts you to spend more.
Posted on
April 9, 2009
at
3:22 am
In my opinion debit cards are safer
Posted on
April 9, 2009
at
4:09 am
You can hold your savings by using Debit cards. Hence it is always safe to use Debit cards rather than using the Credit Cards.
