CREDIT CARD VS DEBIT CARD: Which Is Wiser To Use in the Following Transactions

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CREDIT CARD VS DEBIT CARD: A Comparison on Which is Wiser To Use

CREDIT CARD VS DEBIT CARD – Here is a comparison on which is wiser to use between the credit card and the debit card in certain transactions.

Aside from owning debit cards, a lot of people also have credit cards like the BPI Credit Card, BDO Credit Card, and RCBC Credit Card. Many utilize it for emergency purposes.

With the debit card, you can go for cashless shopping and pay using the amount that your card contains while with a credit card, you can use it to its maximum limit.

Surely, a lot of people who both have a credit card and a debit card sometimes have a hard time thinking on which to use in a certain transaction. Moneymax has actually compared these two cards.

Credit Card Vs. Debit Card
Photo Courtesy of UniBul

Credit Card Vs Debit Card

Based on the article, the credit card is wiser to use in the following transactions:

  • Paying for tickets, gadgets, and big purchases – In this way, the whole amount won’t be deducted right away from your account. You can pay for these items on an installment basis.
  • Paying for bills – There is always the tendency that we’ll forget about the due dates of certain bills. The credit card has huge limits so it can automatically be charged without insufficiency.
  • Online Shopping – The credit card is safer to use for online shopping purposes than the debit card. Undeniably, the online world is not a 100% safe venue for shopping. In this way, you won’t lose your money right away.

Credit Card Vs Debit Card

Based on the article, the debit card is wiser to use in the following transactions:

  • Daily Purchase – Knowing the amount inside your debit card, using a debit card can help you minimize your grocery or shopping expenses as you adhere to the limit of your fund.
  • Withdrawing Cash – Based on the article, using a debit card in withdrawing cash is a lot wiser as the fees are lower compared to the fees in withdrawing cash from a credit card.

Hopefully, with this Credit Card Vs. Debit Card comparison from Moneymax, the next time around, you won’t have a hard time on thinking which is wiser to use in a certain transaction.

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