Debit Cards Vs. Credit Cards..Which Is Better?

Debit Card - Debit Card
India
December 29, 2006 5:32am CST
What do you prefer A debit card or a credit card? and why? Personally I feel debit cards are better(..why take credit when u have ur money..:D) and safer compared to credit cards . What do you think?
7 responses
@Darkwing (21588)
29 Dec 06
I feel debit cards are better, in that you can't overspend and accrue astronomical interest charges. If you have the money in the bank and are good at budgeting it, then a debit card should suffice. If you want to pay 16% or more in interest charges, and run up a debt that will have you paying forever, then a credit card is for you, but personally, I would prefer to know what money I have and what I am spending at all times.
1 person likes this
• India
29 Dec 06
Yes .So what is the use of credit cards for common men?
29 Dec 06
i prefer debit because you know exactly how much you have left to spend/ how much you can afford. with a credit card you get a big surprise at the end of the month
1 person likes this
• India
29 Dec 06
Quite true.Control over the money helps in managing it better.Thanks for the response
@snoopy12 (468)
• Philippines
29 Dec 06
Definitely a debit card. It is far more better to spend money that you already have. If you use credit card you will be left with no option but to find a good paying job to pay your debts.
1 person likes this
@dss_raja (427)
• India
29 Dec 06
Hey both have there own importance. I have both of them so like both. credit cards are like short term loans so they are equally good.
1 person likes this
@janiesg (47)
• India
29 Dec 06
I don't believe in Credit Cards at all... I think it's just a way to land yourself in debt... always is a temptation to buy stuff that you can't afford and then you have to find ways to repay it and can't... accordign to me, it's better to save money to buy something rather than to buy on credit.
@lsen06 (5006)
• India
29 Dec 06
debit card.
1 person likes this
@dss_raja (427)
• India
29 Dec 06
Hey both have there own importance. I have both of them so like both. credit cards are like short term loans so they are equally good.
• India
29 Dec 06
could u elaborate that?