What's the difference between a credit card and a debit card? Which is better?
Do you get points for using a debit card like you do in a credit card?
no
Debit cards are interest free. Some stores charge a fee for using a credit card to cover their fees for processing. Debit cards withdraw funds immediately so you don't have to worry about keeping your account balanced. Because debit cards need a pin number to use, there is less chance of it being used if stolden or lost and can be cancelled easier if that happens. A cash withdrawel is interest free with a debit card but a credit card charges interest on a "cash advance". Credit unions have an ATM network at many banks and most supermarkets so that is the best bet for fee free withdrawels.
A debit card is one that comes straight out of your checking account the moment you use it. Whereas a credit card you pay over time. There is no points for using a debit card though some banks offer savings account connected to your debit and round off the cents and put it in the savings account.
I will not use a debit card. However, we use two credit cards to avoid writing all those checks and carrying cash and we pay each one off each month in full. One comes due at the middle of the month and the other at the end and we know we will have enough to pay them off in full each month. We earned over $600 with one credit card last year and $300 with the other, so instead of paying someone else money, they are paying us! We have been doing this for years and it works well!
You aren't really 33 are you?? What f'in rock have you been living under??
If you can afford to pay off your credit card each month, fine. Don't use more than 1 credit card a month, and think before you charge something, "Do I really NEED this right now, or can I wait until I can pay for it?" Do NOT go into debt , try and live with your means, I did for years, I don't have any debts now, and it feels so good!
It makes no difference to some creditors how you pay your payment, some of them still give you reward points as long as your payment is on time and especially if you pay more than the amount set by the creditor.
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