what are the advantages of using debit card.

Philippines
May 31, 2012 8:48pm CST
Are debit cards really good? What are the advantages and disadvantages of using this? Many people are using electronic cards nowadays to keep money/cash. This is a good invention for some.
8 responses
@chicgale (2982)
• Philippines
1 Jun 12
I like using debit card especially when I go shopping so that I don't need to carry cash with me. If I need cash like to pay at the restaurant or at the fast food chains, I will just withdraw enough money for me to spend for the foods.
• United States
1 Jun 12
I like to do this as well at fast food joints. But sometimes I like to leave a cash tip when I am at another type of restaurant. In fact, I don't like to pay with a debit card at all at other restaurants so that someone doesn't steal my identify when I'm not looking. I like to have the cash for these occasions.
@choybel (5059)
• Philippines
1 Jun 12
One good thing I like about debit cards are the no maintaining balance policy. It means that I can keep it empty for as long a I just pay the yearly fee, which is not that much.
• Philippines
1 Jun 12
Hello choybel, well, i am just glad that we didn't have to put up with this maintaining the balance policy because if it did then i'd probably lost a lot of money by now.
@julyteen (13259)
• Davao, Philippines
8 Sep 12
For me it's better than cash if you are a traveler. You can have cash from it if you are near of the ATM machine. More secure to bring if the place you are going not familiar. Keep away from theft. Minimize counting your cash exchange specially cents
@blebchel (249)
• Philippines
8 Sep 12
debit card has a lot of advantages than credit card as mentioned by previous posters. What I like most of debit card is it is allowed to have a no maintaining balance as long as we can pay its annual fee.
@ivade0000 (225)
• France
6 Jul 12
Well, if you use a debit card, you don't have to carry tons of money with you every time you go out shopping. It will be much more convenient and you can check all the transactions that you have made on an electronic bill. I think the largest disadvantage is that you don't know exactly about how much you have spent for your shopping. Every time you buy a new thing, you are going to pay suing the card and sometimes you don't even care to look at the price. At the end of the month, you will be having a huge debt in your account.
• Philippines
1 Jun 12
Hello Tess, I have been using the debit card of Union bank for almost three years. i seemed to have no problem with it at all. credit cards are something to be avoid of because it only seeks to ask you to pay the interest more if you can't keep up with paying the loaned money. besides, it's been years but we have been paying BPI for months and hasn't really been paid off.
@CTHanum (8254)
• Malaysia
1 Jun 12
Ffrom http://moneyfor20s.about.com/od/managingyouraccounts/f/credit_debit.htm The difference between credit card and debit card is where the cards pull the money. A debit card takes it from you banking account and a credit card charges it to your line of credit.Debit cards draw money directly from your checking account when you make the purchase.It is important to keep a running balance of your checking account to make sure you do not accidentally overdraw your account. For me, the simple way to understand it is debit card will not going to make you owe money from anyone.(^^)
@PageTurner (2827)
• United States
1 Jun 12
One advantate is that it is only one thing to worry about keeping up with, tess_quinain. Along with that is not having to worry about coin falling out of pockets or purse and not having to keep up with a variety of folding bills.