Pay Now Or Later – Debit vs. Credit

Which is better, debit or credit? Can’t decide if you should shop with a debit or credit card? This article will discuss some of the similarities and differences between shopping with a debit card versus shopping with a credit card.

When you use a debit card, the bank subtracts money from your bank account. Debit cards allow you to spend only what is in your bank account. It is a rapid transaction between a merchant and your personal bank account. Debit cards can have monthly or per transaction fees so review the cardholder agreement carefully.

One type of debit card is a check card that can be used as a credit card or as a debit card at grocery stores, gasoline stations, restaurants, or drug stores. When used as a credit card, you sign the receipt as you would a regular credit card. When used as a debit card, you enter your PIN. Some banks may charge a fee for using a check card as a debit card. A check card is identified by the word ‘Check Card’ across the top of the card. Visa has created a line of check cards with a Visa logo that can be used at all locations where Visa is accepted. Most, but not all, transactions are verified to see if there...