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What advantages and disadvantages of credit cards and debit card?

April 26, 2017advantages credit cards Debit card disadvantages

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10 Posted

What advantages and disadvantages of credit cards and debit card?

1 Answer

0

10 Posted

#1 written by sourbelts86 about 7 months ago Quote Debit card: PROS: the money comes right out of your account. you know how much you have and how much you have to spend. CONS: Money comes right out of your account. lol. If you overdraft, you get fees added. Credit cards are what get people, like myself, into trouble. PROS: You can pay for things you normally wouldn’t have money for, or to use in emergency situations. CONS:They accumulate interest charges and you pay more for your purchase. Fees. All in all, a debit card is your best bet. If you can stay away from using a credit card, do it. #2 written by HAVE FUN!! about 7 months ago Quote Debit cards are linked to your bank account so the money you spend is automatically deducted from your account. They provide a convenient alternative to cash, especially if you do a lot of shopping online. Debit cards can also help you budget. Use your card to pay your bills and day-to-day expenses and your monthly statement will provide a good snap