If you’re holding plastic in your purse or wallet, you may think all plastic is alike. Although there are similarities between debit cards and credit cards, there are also some major differences. When considering which to use, debit card versus credit cards, you may want to think about a few things.
Credit cards are financial tools which allow you access to revolving credit through a lending institution. This money must be paid back, often with interest.
Debit cards are financial tools which allow you direct access to money you have deposited into your own bank account. You are limited by the funds... Articles Tagged ‘debit card’
Compare Credit Versus Debit Cards
If you’re holding plastic in your purse or wallet, you may think all plastic is alike. Although there are similarities between debit cards and credit cards, there are also some major differences. When considering which to use, debit card versus credit cards, you may want to think about a few things.
Credit cards are financial tools which allow you access to revolving credit through a lending institution. This money must be paid back, often with interest.
Debit cards are financial tools which allow you direct access to money you have deposited into your own bank account. You are limited by the funds...
Monday, September 28th, 2009
If you’re holding plastic in your purse or wallet, you may think all plastic is alike. Although there are similarities between debit cards and credit cards, there are also some major differences. When considering which to use, debit card versus credit cards, you may want to think about a few things.
Credit cards are financial tools which allow you access to revolving credit through a lending institution. This money must be paid back, often with interest.
Debit cards are financial tools which allow you direct access to money you have deposited into your own bank account. You are limited by the funds... Is a Debit Card a Good Choice?
Debit cards are a good choice if managing money and your credit is a problem for you. Debit cards are linked to your checking account. You can use them as credit cards if they contain a Visa or MasterCard logo on them. They don’t incur annual fees or interest charges like a credit card does because they use the money in your checking account to make payments. With that said, are debit cards as good a choice as they seem?
Debit cards teach you to manage money if you had trouble in the past with credit cards....
Tuesday, March 3rd, 2009
Debit cards are a good choice if managing money and your credit is a problem for you. Debit cards are linked to your checking account. You can use them as credit cards if they contain a Visa or MasterCard logo on them. They don’t incur annual fees or interest charges like a credit card does because they use the money in your checking account to make payments. With that said, are debit cards as good a choice as they seem?
Debit cards teach you to manage money if you had trouble in the past with credit cards.... Keep Track of Your Debit Card
Plastic money is accepted everywhere these days. Many merchants even prefer it to checks. That’s why your new debit Visa or MasterCard is such a convenience. The merchant runs it through like a credit card, but the funds come out of your bank account like a check.
And therein lays the danger. If someone else gets hold of your card, they don't need your PIN to use it. They can charge things simply by forging your signature. Before you even know it, the money has disappeared from your checking account. Unlike a disputed credit card bill that you can simply refuse...
Sunday, March 1st, 2009
Plastic money is accepted everywhere these days. Many merchants even prefer it to checks. That’s why your new debit Visa or MasterCard is such a convenience. The merchant runs it through like a credit card, but the funds come out of your bank account like a check.
And therein lays the danger. If someone else gets hold of your card, they don't need your PIN to use it. They can charge things simply by forging your signature. Before you even know it, the money has disappeared from your checking account. Unlike a disputed credit card bill that you can simply refuse... 
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