What are some of the benefits of having a credit card over an ATM card?
A. Don’t confuse the two. When you use a credit card, you’re borrowing money from a credit card company. When you use an ATM card, which can also be a debit card, you’re taking money out of your checking account. While it’s a good habit to make purchases with money that you have in your checking account, there are some protections that come with using a credit card. For example, if the merchandise doesn’t work, or it arrives damaged, you can challenge the charge and the credit card company won’t require payment on the amount in question until the issue has been resolved. Of course, your first inquiry in such a case would be for you to contact the seller directly.
