Wednesday, December 13, 2006

Credit Cards Vs Debit Cards

Although credit cards are the most popular forum of credit around, alternatives such as the charge card also have their benefits. Despite both forms of cards being popular, many people do not know the difference between them. If you are looking for the best type of credit, then you really should compare the relative advantages and disadvantages of credit cards and charge cards. They might serve the same purpose, but if you know the differences between them you can get the right type of credit for your needs and hopefully save yourself some money.It is hard to say which type of card is better, although if you want to carry a balance then you have to opt for a credit card. Credit cards generally have more flexibility, as you can pay the money back more slowly. Credit cards also have the facility for 0% balance transfers which gives a huge advantage. However, if you are someone who always pays his or her bills back in full each month, a charge card might be the answer. This will give you greater spending power when you need it without allowing you to go into debt and pay interest on it.


Anonymous Anonymous said...

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2/12/2007 10:46:00 AM  
Blogger Daniel said...

Debit cards only. I have refused credit cards. The system of credit card does only work for those with a very high income, that is because "credit check companies" will put against you any owed amount and it can cause you to be refused the next mobile phone rental for example. So you get punished many times for taking other people's money. There is a third option. Pay in cash!

5/04/2007 10:34:00 PM  

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