If you’re like many people, you are probably torn between using your credit cards versus debit cards when shopping online. Both are convenient and can be very useful if you know how to use them properly. However, there are advantages to each type of card, and deciding which one is the best for you comes down to understanding your own spending habits and what you want in terms of flexibility and security.
Those who use credit cards on a regular basis will find that using them online gives you access to a much greater range of prices and products than with debit cards. You also have the added convenience of not having to carry around cash or an account and being able to pay for your purchases right away rather than waiting for the bill to come in the mail. This is why a credit card or debit card is often a difficult choice to make.
For those who only use credit cards occasionally, or for those who only make small purchases at certain times, then it might be a better idea to go with a credit card or debit card. With these types of cards, you usually don’t need to maintain a balance, and since you can pay just a portion of your purchases back, you avoid the interest and other fees that are associated with paying cashback. For those who regularly make purchases and don’t like to carry around a lot of cash, this might be a good option for you. Of course, it’s important to be sure that you’re getting enough credit to support your needs, as you don’t want to end up in a situation where you can’t pay everything back.
Those who frequently make larger purchases (such as furniture) may be better off going with credit cards because they offer the most flexible and convenient payment options. There are also services that allow you to add money to a checking account securely online, which means that you never have to worry about carrying around large amounts of cash. You can simply use your debit card to make purchases and then deposit the money into your checking account (or even save it in a savings account). This is a great way to ensure that you’ll always be able to make payments on time, and it prevents you from having to pay exorbitant interest rates on your credit cards. If you don’t have a checking account, though, or if you don’t have a lot of money saved up to use for large purchases, then you may want to look into signing up for a prepaid debit card instead.
If you have bad credit, or if you’ve been bankrupted, then prepaid debit cards might not be the best choice for you. However, if you consistently build credit by making on-time payments, then this could work for you. There are many different types of prepaid cards, so you can always find one that matches your personality and spending habits the best. In fact, there are even some prepaid cards that offer money-back guarantees, so if you make purchases without fully using them, you can get your money back!
Prepaid debit cards are also very convenient to carry around because they are so light and compact. Many people carry around a phone, laptop, or tablet, so using a credit card is extremely impractical. Even if you are traveling, you can’t really use credit cards because they weigh too much. Also, if you want to use your card abroad, you need to be able to prove your identity, which could get stolen easily in some countries.