Which is Better - Payday Loan or Credit Card?

Payday loans are enormously expensive and dangerous. I would not recommend them. Your credit card may be a better bet, but it still carries the risk that the issuer can raise the rate quickly and dramatically.

Please dont do the payday loan I have a friend that did and she says it was the biggest mistake of her life. Apparently the interest rates are 10x higher or more than any other loan offers. It's a cycle that is difficult to get out of once you start. I don't recommend C cards, but anything, other than a payday would be great.

A credit card is always cheaper.  I have seen APR's on pay day loans as high as (are you sitting down?) over 400% and many states have no regulations in place to control these companies.  Avoid pay day loans, they'll lull you into a false sense of immediate financial gratification and then you'll soon find it will cost you dearly to get out, if you can.  Have you ever heard of the term "loan shark"? 

Payday Loans are Bad Credit Loans and are meant for meeting the Financial Emergencies. If you have a bad credit, then even getting a Credit card is very difficult, even if you get that then it will carry huge amount of charges and interest on it. Which may in turn equal a Payday loan or even more than that.

Both are good financial utilities to have in emergencies. But it also depends on how you use it and the repayment capacity of the borrower. Usually a payday loan is meant to be paid onyour next payday, if you are not capable for that then its better to have a credit card to fulfill your financial emergencies.