| Why do people prefer to use credit cards instead of debit ca |
|
|
|
|
|
salenacaitlyn
Contributing Member
Cash: $ 5.30
Posts: 25
Joined: 14 Apr 2010
|
| Why do people prefer to use credit cards instead of debit ca |
 |
|
As far as I know, credit cards involve paying interest rates to the bank wich costs additional money on top of the purchases price. On the other hand debit cards are free when used in offline and online purchases, so does anybody know why people prefer to use credit cards instead of debit cards ?
capital one rewards
|
Fri Apr 30, 2010 6:57 pm |
|
|
littleroc02us
Moderator
Cash: $ 204.95
Posts: 1013
Joined: 09 Feb 2009
|
|
|
|
Two words=Instant Gratification
Credit cards have their risks and so do debit cards. If your the type of person that is forgetful and doesn't pay their bills on time than a credit card can be a horrible idea. Also, the credit card has been show to involve overspending because it's not like your parting ways with cash. I notice when I have to balance my checkbook, I tend to watch my money closer. It's not like anyone balances their creditcard transactions. No one ever seems to mention that. Also, there is the interest angle that can kill someones building of wealth.
As for debit cards, they require responsible use, but tend to hold your money when you rent cars and hotels. Otherwise I think they are benificial.
I use a Check Card from my credit union. It is from Visa and carries the Zero liablity protection in case of fraud. Also, it's like writing out a check and you actually have to balance your account. I rent cars with it and reserve tickets and hotels all the time.
Romans 13:8 “Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law.”
|
|
Fri Apr 30, 2010 7:47 pm |
|
|
coaster
Senior Advisor
Cash: $ 1357.80
Posts: 6686
Joined: 11 Oct 2005
Location: Wisconsin
|
I use both and use them for different purposes. Credit cards offer more protection than debit cards do.
~Tim~
Eye Candy : Why Whimsy
|
|
Fri Apr 30, 2010 8:45 pm |
|
|
Raptor
Full Member
Cash: $ 14.50
Posts: 70
Joined: 15 Nov 2009
Location: Missouri
|
Great Marketing scams such as, "The more you spend the more you save". Marketed by a credit card company that put a cash reward into a savings account for you. Also rewards, rewards, and rewards, only if people knew what they paid for those rewards / points.
|
|
Sat May 01, 2010 4:47 am |
|
|
jason_simpson
Preferred Member
Cash: $ 28.45
Posts: 142
Joined: 20 Apr 2010
Location: London
|
Credit cards have more legal protection than debit cards. And if you pay the balance in full every month, there isn’t any interest also.
You can also build your credit score if you use your credit card smartly.
Payday Advances | Pay Day | PaydayLoans
|
|
Sat May 01, 2010 11:39 am |
|
|
thad99
New Member
Cash: $ 1.00
Posts: 5
Joined: 14 May 2010
Location: Indiana
|
I use my credit card instead of debt for a few reasons. First you do not need to try and remember a pin number. Also your credit card is stolen you only are responsible for the first $50. With a debt card you have to try and convince the bank to give you your money back. Lastly it is a great way to build up your credit. This is great if you are just starting out one you own, or trying to repair your credit.
Forex
|
|
Fri May 14, 2010 12:25 am |
|
|
calbeach
Full Member
Cash: $ 16.20
Posts: 81
Joined: 12 May 2010
Location: USA
|
Credit card companies offer sweet freebies and discounts, making credit cards irresistible.
Insurance Insurance Company Car Insurance Insurance
|
|
Mon May 17, 2010 5:48 pm |
|
|
david1987
Full Member
Cash: $ 14.00
Posts: 70
Joined: 19 Dec 2009
|
I prefer to use a credit card due to its more secure able purpose than a debit card & it allows you to purchase more goods.
Insurance surveillance
|
|
Fri May 21, 2010 10:23 am |
|
|
MrNewEngland
Contributing Member
Cash: $ 7.65
Posts: 36
Joined: 04 Nov 2009
Location: The QC
|
I use my credit cards as much as possible. However I pay them off immediately. The reason is points or cashback bonus. I have a Mastercard that I usually use, unless Discover is running one of their specials at the time. Also buying online Discover has some great deal.
I also like the added protection that credit cards offer.
Craig Finn is brilliant.
|
|
Fri May 21, 2010 1:14 pm |
|
|
littleroc02us
Moderator
Cash: $ 204.95
Posts: 1013
Joined: 09 Feb 2009
|
No one ever got rich getting rewards from a Discover card.
Romans 13:8 “Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law.”
|
|
Fri May 21, 2010 1:53 pm |
|
|
jason_simpson
Preferred Member
Cash: $ 28.45
Posts: 142
Joined: 20 Apr 2010
Location: London
|
I use credit cards over debit cards because of the following reasons:
* Ability to Build Credit
* Consumer Protection
* Ability to Spend Money You Don’t Have
* Rewards
Payday Advances | Pay Day | PaydayLoans
|
|
Fri May 21, 2010 4:12 pm |
|
|
ed2009
Preferred Member
Cash: $ 27.70
Posts: 137
Joined: 02 Dec 2009
Location: CA
|
People prefer credit cards because if they are stolen, you can dispute it more conveniently than the debit cards.
Insurance Life Insurance Good Insurance
Cash Loan
|
|
Fri May 21, 2010 4:30 pm |
|
|
Accurise
New Poster
Cash: $ 0.40
Posts: 2
Joined: 03 Jun 2010
Location: Santa Monica
|
I think the reason why people like using credit cards is because with them you can buy now and pay later while debit cards you buy now and pay now.
I prefer debit over credit but debit usage doesn't build credit score...
A Better Kind of Credit Report Repair!
www.accurise.com
Follow us on Twitter
www.twitter.com/accurise
|
|
Fri Jun 04, 2010 7:10 pm |
|
|
whitney01
New Member
Cash: $ 1.40
Posts: 7
Joined: 22 May 2010
Location: Los Angeles, CA
|
As far as I know, credit cards involve paying interest rates to the bank wich costs additional money on top of the purchases price. On the other hand debit cards are free when used in offline and online purchases, so does anybody know why people prefer to use credit cards instead of debit cards ?
[deleted]
|
|
Mon Jun 07, 2010 6:10 pm |
|
|
littleroc02us
Moderator
Cash: $ 204.95
Posts: 1013
Joined: 09 Feb 2009
|
quote:
Originally posted by whitney01
As far as I know, credit cards involve paying interest rates to the bank wich costs additional money on top of the purchases price. On the other hand debit cards are free when used in offline and online purchases, so does anybody know why people prefer to use credit cards instead of debit cards ?
[edit to remove quoted url]
Easy. Immediate gratification and for racking up debt and paying it back.
Romans 13:8 “Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law.”
|
|
Mon Jun 07, 2010 6:21 pm |
|
|
|
