Debit Card vs Credit Card Which Is Better

Categories: Credit Card

The advantages of a credit card are that you don't have to have the money available at that time to pay for your purchase. You will usually have at least 30 days to pay for the item and even then, based on the terms of your card, may not even have to pay the whole balance. The disadvantage of a credit card is that it becomes way too easy to use it and waste large balances. Then when it comes time to even pay partial payments it can be very difficult to make those payments.

Add to that the finance charges and people with credit cards can run up large debts that they sometimes never recover from. The advantages of a debit card are that you know you have the money in your account to pay for the item and you don't have to worry about future bills or finance charges. It's as good as cash without having to carry cash around with you.

Get quality help now
Marrie pro writer
Marrie pro writer
checked Verified writer

Proficient in: Credit Card

star star star star 5 (204)

“ She followed all my directions. It was really easy to contact her and respond very fast as well. ”

avatar avatar avatar
+84 relevant experts are online
Hire writer

The disadvantage of a debit card is that if you don't have the money in your debit card account then you can't use it.

In a sense, it's pretty much the same as if you don't have cash on you. Many people feel that a debit card is just a compact cash equivalent and doesn't really offer much more convenience than cash. Others feel it is the only sure way to prevent yourself from falling into a financial hole that you may never recover from.

The debates between credit and debit cards will probably go on forever.

Get to Know The Price Estimate For Your Paper
Topic
Number of pages
Email Invalid email

By clicking “Check Writers’ Offers”, you agree to our terms of service and privacy policy. We’ll occasionally send you promo and account related email

"You must agree to out terms of services and privacy policy"
Write my paper

You won’t be charged yet!

So which one is better Credit Card or Debit Card?

Updated: Feb 08, 2023
Cite this page

Debit Card vs Credit Card Which Is Better. (2017, Jan 05). Retrieved from https://studymoose.com/debit-card-vs-credit-card-which-is-better-essay

Debit Card vs Credit Card Which Is Better essay
Live chat  with support 24/7

👋 Hi! I’m your smart assistant Amy!

Don’t know where to start? Type your requirements and I’ll connect you to an academic expert within 3 minutes.

get help with your assignment