If you were to choose between a debit card and a credit card, which one would you pick? Perhaps you may think that a credit card is always the better choice. However, debit cards can have advantages as well. In this article, let’s talk about the basic differences of debit cards and credit cards so you can better decide which one is best.
The Difference Between Debit Cards and Credit Cards
Credit cards have long been used for making purchases. A credit card gives its holder the privilege to make advanced purchases and pay for them at a later time. Every credit card holder is given a credit line as well as the option to carry over balances from month to month. To avoid the penalty charges, a cardholder only has to submit the minimum due payment on time and pay off the rest of the balance on the next due date….click here to read more about debit cards or credit cards – which is right for you
About the Author
Tara Tiemann is a credit analyst for www.go-prepaid.com which has been a resource site for people who want to live debt free. If you are on a budget using prepaid debit cards, pre paid credit cards and prepaid cell phone service can save you big money!