credit card or debit card?

Philippines
January 6, 2007 6:46am CST
would you rather use other people's money or your own money whenever you purchase something.i use to have a credit card and i had problems later on paying the interest alone. now, i opted to have a debit card ,making use my own money, at least i can pay myself at my own pace and i can put an interest on my own loans, and it works!
11 people like this
25 responses
@Destiny007 (5820)
• United States
3 May 07
Debit cards are the best way to go. The credit cards are way to easy to misuse, and a person can get in too deep with them far too easily.
3 people like this
• Philippines
4 May 07
yap! as what happened to me in the 90's that is why i opted for a debit card instead.i also put in interest on myself when i pay it back.
1 person likes this
@dopey22girl (3324)
• United States
3 May 07
I prefer debit card because then I am only allowed to spend the money I actually have. If I used a credit card I know I would spend a lot more than I should, with the attitude that oh I'll pay it off later. And that would not be good! Lol. Also if I used a credit card, I would have to pay interest, which like you said, I would have problems with! I would just assume use money I already have rather than stressing about it later.
3 people like this
• Philippines
4 May 07
good! you just need a lot or tons of discipline on your part to earn from your own card.put in interest if you can, on yourself rather than giving it to someone else.
@sweetlady10 (3617)
• United States
21 May 07
We mostly use credit cards while shopping, no matter online or off line. We only use debit cards wher they don't accept credit cards. Actually credit cards can't bring you trouble if you can control yourself while shopping. If you go according to your purchasing capcity, credit card is always good for you. With a good credit history you can get 0%APR for one year and lots of credit card offers will come to you with money back plan.
2 people like this
• Philippines
21 May 07
good that you have that control over your credit card. i still need a credit card for certain emergency that might arise like hospitalization and medicines.it is so hard to get a credit card here if one does not have an existing credit nor an income tax return papers.in other words they need you to be employed for about a year , i can get away with it by asking my friend who owns a business to make me recommendations.
1 person likes this
@takkea (394)
• United States
20 May 07
I would say that I prefer the debit card because with a credit card you spend what you dont have and with the debit card if you dont have it then you cant use it.
• Philippines
20 May 07
the vote says "debit card"! it is nice to know that there are a lot of us who still approves of using our own money to spend.thanks,takkea for finding time to answer my question.have a great day!
1 person likes this
@KissThis (3006)
• United States
4 May 07
I have seen to many people go into debt which they couldn't afford with credit cards. For some they lost everything in which the owned. I don't have any credit cards because of those exact reasons. I use my debit card for most everything. If I don't have the money in my account to but something then I figure it must not be something I really need.
2 people like this
• Philippines
4 May 07
now that i now how to use a credit card , i would still need one in cases of medical emergencies and the likes.i only have so much cash in my debit card which i use to purchase some of my everyday expenditures.
1 person likes this
@TerryZ (22083)
• United States
4 May 07
Hi tigerdragon I use to have credit cards but not any more. They get you in the too much trouble.LOL And Im a shopalcholic.heheheh So now I just use my debit card and it seems to work out better.
• Philippines
4 May 07
i remember my first time i got my credit card, i was so happy and i feel that i am on top of the world!i feel that i can buy anything that i want and i believed that i can pay it off with my salary until i found out the hard way, never again!
1 person likes this
@callarse1 (4793)
• United States
2 May 07
You are right tigerdragon, I would rather use a debit card, check, or cash because if you don't pay the credit card in full each month, then they add a lot of interest to your card. It can be hard to pay the balance off, have a nice day. Pablo
2 people like this
@im_anna (718)
• Philippines
2 May 07
On a day to day basis like paying the bills, gas, dining out, etc.. I pay in cash. The few credit cards that I keep are the ones that I don't have to pay the annual fees. It really hurts in the pocket, paying the interest so whenever I use it, I just see to it the I pay it at the end of the month or before the due date. Besides, I need it in purchasing/paying large sums of money at truly 0 % interest on installment like appliances, tuition fees, hospitalization, travel, purchasing online, etc. Additional perks like having free really good items. At the same time, having a good credit name in a bank really helps.
@virky0391 (566)
• Indonesia
6 Jan 07
I prefer using debit cards. I do not want to have problem by paying the interest every month. I'm afraid I can't pay the interest. I think It's better if you choose debit card. You will not have a problem about paying interest every month.
• India
6 Jan 07
The interest charged by banks for the credit cards they issue is too high. They would actually rip your pockets. I would never go for a credit card. I got a debt card and am happy with it.
@froogle (776)
6 Jan 07
i would prefer a debit card. i will not have the headacheof paying my bills. if i fail, i will have to pay fine, interest and all the nonsense extra cash.
2 people like this
@Giabelle (59)
• Philippines
20 May 07
Debit card is best! Credit cards will only give you a false sense of financial freedom. Why do you think financial institutions promote its usage , that's because they earn a lot from the inerest payments. Debit cards on the other hand gives you the freedom to buy something witout a cash on hand. Minimizes the risk of losing physical cash in transit.
1 person likes this
• Philippines
21 May 07
thanks,giabelle.see you more often here at mylot!
• Philippines
21 May 07
I will. Have a good day!
• United States
7 Jun 07
I only use a debit card, I think that with credit cards the interest is too high on all of them. It would seem to me that if you charged something it would be harder to pay off. If I use my debit card, I know the amount of money that I can spend, and if I want to purchase something that costs more, that is too bad, I won't do it.
• Philippines
7 Jun 07
that is a very logical decision,my friend.the interest is so high just make use of someone else's money .thanks for visiting.
@piropos (312)
• Philippines
6 Jun 07
I would rather use my own money to spend so I will choose a debit card. Using my own money will not subject me to interests and thus save me more. If I use a credit card, I will certainly be charged interests and that is spending more than what I can afford. This is really a question of money management. Spending wisely is the key to saving. Knowing when and what to buy, differentiating between what you need and what you want and spending only for those you actually need will go a long way in helping you keep that hard earned money.
1 person likes this
• Philippines
7 Jun 07
very true ,piropos.i agree it's all about money management and the discipline to mange it well.thanks for dropping by and do have a fruitfull day.
@lucy02 (5017)
• United States
6 Jun 07
I prefer debit cards too. i have a credit card but hardly ever use it. Like you, I don't like to pay that interest and its just less trouble to use debit card.
1 person likes this
• Philippines
7 Jun 07
whew! did i have a traumatic experience using a debit card!at least ,i learned but in the hard way but credit card can be very handy in cases of emergencies.do have a great day,lucy.
• Philippines
6 Jun 07
I use debit cards most of the time or cash. But I stopped using credit cards. It gave me some traumas. Its easier to life simply without having to worry about debts. Im trying my best to spend only what I have and live on a tighter budget to about the hassles of being dunned becoz of debts.
• Philippines
7 Jun 07
good for us ,users!it really does take an experience with the credit cards to know the value of a debit card.have a great day.
@ArienKing (4647)
• India
1 Jun 07
debit card is what i prefer, is you own a credit card, its obvious that it give u flexibility in shopping or any other money related matter, however, there are so many hidden costs included with it that it almost keep you in loss...debit is what u have and is what you spend...nothing worry, no extra percent added on transactions, no service charge...so, debit card is a better option.
• Philippines
1 Jun 07
way to go at least you know how you are with it.
@anonymili (3138)
1 Jun 07
In the last 5 years or so the credit card companies haven't got any interest out of me. Anything I purchase with a credit card, I make sure I have enough money coming in at the end of the month to pay off my whole credit card bill. Credit card companies thrive on people who make regular purchases each month and can only afford to pay off the interest as that's how they make their money. They continually increase my credit limit even though I only use about £200 a month on mine and clear it in full each month. I guess they're hoping that increasing my limit will make me want to go out and spend big! That's not going to happen!
• Philippines
1 Jun 07
you are one of a few,anonymili.you've got a good hold of yourself when it comes to spending.have you learnd this through experience or you just have the knack for really keeping tab on your spendings?anyways, keep it up and i hope there would be more of us who would be inspired by the way you handle your plastics.have a great day!.
• Malaysia
21 May 07
I don't have any debit card. I am using credit card to do daily grocery and onlie shopping. I've to discipline myself not to overspend thus i don't have to worry about interest. One bad thing is about applying supp card for family. I appy them for family just to prepare for emergency usage, and i am sad that they take for granted and overspend, will leave me a bid headache!
• Philippines
21 May 07
hi,serena! thanks for the response.see you around!
@magica (3710)
• Bulgaria
19 May 07
I use debit card only. This is suitable to my economical status.
1 person likes this
• Philippines
19 May 07
hi ,magica thanks for dropping by!