5 Reasons Why Debit Cards Trump Credit Cards

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After sending my first comment I then thought that I should have also included my thoughts on the credit card. I myself am very careful with my spending and do not purchase anything I cannot afford. I also pay the bill in full when due so no interest or late fees paid. I do believe that there are people who should not have credit cards but that also might apply to people with debit cards. I wish to add that I hate these words we have to type in to prove we are humans, I guess, but they are sometimes virtually impossible to get right! : )

Pat of AZ 8:34PM March 26, 2013

I just saw a case on TV where a woman used a debit card to buy Christmas present gift cards to a store that then went out out business. She tried to get her money refunded and it took months. As the TV reporter said, if she had used a credit card she would not have that problem as she could go to the credit card company make her complaint and she would get her money back. What about that?

Pat of AZ 8:27PM March 26, 2013

I myself prefer debit cards over credit cards because I like budgeting my money and saving whenever I can. :) And in my opinion, this is a really great article, too. :)

Abigail Watson of OR 1:08PM December 15, 2012

Wow... this article is horrible and I hope no people out there take this advise.
Using a credit card wisely will protect your finances. An error, or fraud on your debit card and the funds in your checking account (and possibly savings account) are wiped out, or at the very least, tied up for the dispute process. You will be left with no funds to pay other bills, incurring late charges, interest, penalties.
Be careful with your debit cards. Use a credit card for everyday purchase.

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Ken M. Frankel of IN 3:07AM June 08, 2012

I repair computers for a living and see debit card problems far more, infinitely more than credit cards.
Debit cards do not require a pin number online. If your debit card is stolen...or simply I take a picture of the front side of your debit card, I can go on a trip online buying the world and there is nothing you can do about it. Credit Card companies instantly reimburse you and take the damage, Debit cards do not. You have to file a police report and then the bank will try to get reimbursement from the credit card companies like Visa who help issue the debit cards.
Debit cards are a broken system because the banks allow them to break. They prefer you to use credit cards because it's more lucrative, but at the same time it is far more safer for you.
That being said, I do most everything in cash and have gone back to writing checks as archaic as that sounds.
I have been a computer tech for 14 years now and still scratch my head at the idiocy of the bank's system. Debit cards are probably one of the most unsafe items out there.

Adam of NV 4:51PM December 05, 2011

The five reasons are very nice...I always prefer to debit card i always show a common man in safe side
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Mary

Capital Gold of TX 7:49AM July 01, 2011

I just want to clarify something for people... debit cards DO NOT offer any better fradulent measures than credit. Nearly all major bank debit cards can also work as credit cards - so your arguement about entering a PIN is flawed. Secondly, debits are linked directly to a bank account - meaning if someone gets a hold of your card you can be SOL for money for quite a while waiting for your bank to reimburse you. With a credit card, this issue does not arise

Tom of MO 10:14AM June 30, 2011

Clearly now is a good time for opening up a new credit card, provided your credit score is high enough to have made you the recipient of one of the great offers issuers have been mailing out. Unfortunately, that will not be the case for the majority of Americans.
The average American had a credit score of 667 in May 2011, according to CreditKarma.com, a provider free credit scores to consumers. That is three points below the May 2010 average and certainly not enough to warrant a high-incentive credit card offer. What an average credit score may warrant is an offer for a zero-percent interest rate on balance transfers or purchases, which is a pretty good deal as well.
The bottom line is that everyone will benefit from the new crop of high-quality credit card offers, only to a different extent, which is always the case. http://blog.unibulmerchantservices.com/your-credit-card-mail-is-not-junk-anymore

Greg of CA 6:15PM June 29, 2011