Do y’all prefer debit or credit card, and why?

[Anonymous]

[zeitgeist057]

Credit 100% all the way, every time. Here's why:

1. Credit builds credit. Using credit cards shows credit card companies and other loan institutions that you can handle debt.

2. I pay my credit cards in full every bill. That means I pay 0% fees, interest, nothing. I just get to use money now and pay for it later. I never spend money I don't have.

3. Bonus offers. I have gotten lots of credit card offers. Actually, just recently I got two new cards that offered 0% interest for 15 months, no annual fee, plus each one had a cash back offer of $200-$400 for spending a certain amount (over $3,000?) in the first couple months. I used these cards to pay about $20,000 worth of my taxes to the IRS, pocketed about $500, and I kept the $20,000 I haven't had to spend in an interest bearing account earning 10% interest. That means in the next 15 months that I don't have to pay that balance, my $20,000 is going to earn another $2,500. So my total gain will be ~$3,000.

4. More bonuses: Cash back. Many of my cards have a cash back or points offer with them. Some have rotating categories, others are fixed. But I know which card to use to buy gas with and get 5% back, which one is giving me 3% back on groceries, another gives 3% back at restaurants. One will give me 6 point/dollar spent at their hotels, and I already had a gig that work paid for, that put me up in hotels for 5 nights. I paid with that credit card and earned an extra 3,000+ points.

5. Another rule I have is no cards with an annual fee. I have one exception to that which is my Costco Visa, which I only keep as long as I keep my Costco membership, which is either $60 or $120 annually. I only do the $120 Executive membership if I estimate I will purchase more than $3,000 worth of Costco goods/services, because the Executive membership gives you an additional 2% kickback on purchases.
($3000 * .02 = $60, so the membership pays for itself)

Compare that to a debit card: No benefits, and sometimes they even charge you a fee to use the ATM or kiosk or whatever. Lame.

[Minerate]

I strongly prefer credit, when there are issues/discrepancies with the account, it is much quicker and easier to get it resolved vs. debit more often than not. I have had a several instances where my account had unauthorized purchases and with credit, it took less than 10 minutes to sort it out. I never got charged anything either, usually just called, said these charges weren't mine, and everything was removed/taken care of afterwards. I've had 2 issues on my debit/checking account that I remember and one took a few days, the other a few weeks to resolve.

I like that you can accumulate points and more easily plan larger purchases in advance, which is extremely helpful for me.

One thing that gets people, is you NEED to pay the card off sooner than later, ideally each month. You do NOT want to carry a long term balance and pay interest, this will hurt you in the long run. Also more cards is not necessarily better, but a larger limit is. (More cards = more credit pulls = lower credit score since they take so long to be removed. vs. Larger Limit = Lower Usage Level = Better Credit Score)

[zeitgeist057]

This is a great point. I just had over $700 refunded to my account by disputing a claim on a purchase from a. company that sold me a faulty product.

[Aerissa_Jade]

Credit card, I earn enough points for weeks of free hotel rooms each year... plus lots of fraud protection. I use it as cash, I pay the bill in full each week.

Debit cards are terrible at fraud protection, your SOL if something happens.

[Daniela1982]

But for some people they don't pay off their CC bill each month and therefore can get over their heads in debt. With a debit card you don't have that option and your bill gets paid right away.

[Aerissa_Jade]

@Daniela1982 True, that's why I do it good... but I've known too many people who lose their debit card and their money is gone for good, no way to get it back.

[jennifer_bloom]

My credit card gives me $20 in Amazon gift cards every month or two and my other card gives me $50 every 5-6 months, I used to dine at restaurants with my gift cards and I once qualified for a free waffle maker but my mother did not want it.

[AviatorTom]

I prefer a Credit card, for several reasons...
1. You get cashback, points or other perks for using it
2. It helps your credit rating
3. You're protected if someone steals it, compared to a debit card where someone could clean out your bank account
4. Though it's best to pay off the credit card balance each month, it can be used to get a temporary loan and take a few months to pay it off
5. The major credit cards are accepted just about everywhere in the world, while debut cards are not

[Phoenix98]

Debit I don’t like credit cards because it’s to big of a risk to spend money you don’t have then get into debt.

i like debit cards more because you only spend the money that’s on there. And mine had a lot of functions that let me use it almost like a bank account like putting money into a savings that can’t be touched by anyone and I can track in real time every purchase where and who it went to, the date, etc. And can at anytime cancel it or report it stolen and get a new one almost immediately.

and mine has my checks deposited into my account.

never had a single problem with it.

[EvilAngel114]

I prefer debit cards for the fact that you don't have to worry about paying a bill later. But Credit cards do have perks. You can get rewards, points for cash, mileage for travel, etc. If you pay your balance off before the next billing cycle, it's basically interest free. If it's your first card, just be smart about it. Just use it instead of your debit card, when the bill is due, just payoff the balance. A credit card can help you or hurt you.

[DonkeyDan]

I have both, but it depends in the transaction as to which one I use, in person I'll use either cash or debit card, but most online transactions I use the credit card, all travel is done on the credit card. Credit card is paid off every month. Some online transactions I will use a debit card for, as there is still protection from the chargeback scheme in the UK.

[Ευδεμονια]

I sincerely prefer debit card since, in my country, they’re mostly free and they requires only a bank account. Otherwise, credit card have a monthly usage fee.

Furthermore, I prefer to know immediately the transaction has gone well and the money has been taken. Also, usage of credit cards is a bit risky since it doesn’t require the pin code while debit cards usually require it above 20€ payments.

[ChrisMaster69]

I have both but tend just to use my debit card.

Credit is used mainly for hotels or where I want legal protection on the purchase - Section 75 of Consumer Act.

the debit comes straight from my cash account.

The credit is against a different account and either gets paid off at end of month or once things like company expenses have been paid into the account if it was an expensive trip.

[SassyAussieAddy]

Credit card. Unless you have a special agreement with your bank regarding your debit card usage that money is usually not insured. Any payments with a credit card are protected and insured from fraud and they build your credit record.

[sheikalana]

I only use debit card. Never owned a credit card and I don't think I ever will. I like to know how much I'm spending. I feel like with a credit card you have the tendency to spend a bit more than what you have.

[DarkCarousel]

I use both. I’m trying to get to a point where I only use cash or credit (and pay off the credit every month). I don’t want to carry debit cards anymore. Too risky in the case of theft.

[Kabluie]

you should always use credit cards, most protection and of course cash back rewards.

Debit cards usually don't have anything (or even with an annual fee it's much lower than a credit card), and that's a net loss.

[MTC29]

Credit: I want airplane miles and hotel points. Thanks to the folks at American Express, I've spent a lot of free nights in Hilton Hotels around the world.

[Kaamraj]

Always debit, because I dont want to get into credit card debt and purchase things I can't afford. I do have a credit card for online services such as cable but dont even keep the credit card with me.

[Lyndsielee666]

Credit card atm cause I’m trying to get my credit perfect again after my kids grandma fucked me over 🙄

[IJhonnyI]

Damn your kids grandma isn't that your mom🤣🤣🤣🤣

[IJhonnyI]

Wait Father's side or mother's side

[Lyndsielee666]

@IJhonnyI fathers side. 😂

[Lyndsielee666]

@IJhonnyI also my moms a cum jizzling nasty bitch so 🥱

[IJhonnyI]

Oh, ummm, okay, sorry too hear that 😅 wanna respond more comforting, but you grown you got that sis🙏🏽

[Lyndsielee666]

@IJhonnyI grown enough to throw hands with her too but she’s not with it 😒😒

[IJhonnyI]

Damn it's like that 😕😳, look I'm not here too tell you something you already know you know that's not worth it keep living your life how you are and stay relaxed there's a reason that u feel that way, I know, but just keep your mind relaxed and vibe🙏🏽

[exitseven]

I have never used a debit card. I have two credit cards. One I just use for online purchases. I pay the balance in full every month. The cards have no annual fee and they have a cashback too.

[RavVid]

I like all I can have stolen from me is the amount i have on the debit card and not the amount I have credit for.

[Fvghtlxght]

Debit. I don't have any credit cards. I prefer not to have them.

[SaoirseS]

Credit, but I use them like debit cards and pay the balance in full each month.

[Dinklex3]

Credit cards for hotels and travel.
Debit for everything else.

[andreasderjuengere]

I refuse to have any of those.
''My'' bank tried to smuggle one in when they issued my new ATM card.
I cancelled it right away.
Cash is king.

[Blackcupcake]

I don’t have any credit cards so debit wins by default

[Dontaaaa]

Debit, because credit cards can easily put you in debt.

[Anonymous]

I actually prefer using physical money like dollar bills and coins because I don't trust banks because I've heard news stories about people trying to rob them so I'll keep my money with me at all times

[Daniela1982]

Your money in a bank is Federally Insured, so if a bank gets robbed you lose no money, the bank does.

[ODC2112]

Debit card, I always have liquidity to cover my expenditure. I use credit card only to buy online, but in same way of debit card.

[Subarugirl]

Well it all depends on what I would be using it for.

[Daniela1982]

How about a porn site? Would it make a difference which one you used? People's information seems to get hacked/ leaked a lot too. I guess we can't win.

[Subarugirl]

@Daniela1982 🤣 lmao. Credit cards have identity protection

[Redstang88]

Credit only, usually don’t carry my debit card with me

[whiskeyontherocks]

Builds credit plus cash back just don’t use more than you can pay

[Pete671]

Credit card because of protection under CCA in UK and FCBA in US,

[lofii]

Credit cards.

Why use my money when I can use the banks money instead

[Anonymous]

Debit so I don’t owe and it’s paid off already with money I have

[Anonymous]

Debit for everyday purchases, credit for big/emergency purchases.

[Adaeva]

I don't have but I trying to.

[LilyoftheLake]

Credit cards scare me.

[StevieNix]

Always credit, for the protection.

[DermalPunch]

Debit duh. It's money you actually have.

[StevieNix]

That's the problem with debit cards. It's your money. I went to a gas station and tried two pumps, but neither worked. The gas station put a $400.00 lien on my account. If that was all the money I had, I would have been walking for the next four days. And what if I was in the middle of nowhere? I would be sleeping in my car for four days. My bank told me to never use debit cards, because you don't have protection.

[DermalPunch]

@StevieNix Well then you have to use a mix of cash and debit. Credit is horrible.

[StevieNix]

Cash only works when there's an attendant at the gas station.

[bolverk]

Debit card, as I can only spend what I have.

[sp33d]

Debit is fine. Can do without credit, that's why.

[maximumpower]

debit.
no debt, no interest.

[Anonymous]

I prefer both. I like debit card more

[Vikkrram]

Debit Card

[melanieeeB]

Debit

[melanieeeB]

Why? I'm more used to it and I barely use my credit card

[jimmy2]

Debit my money in back, credit help with credit

[moonpie89]

Credit for points

[CT_CD]

Credit

[Fuentes]

Credit is good