Debit or Credit……Which Card Do You Prefer?
| November 13, 2009 |
When it comes to paying for products and services, everyone has a different opinion on which way is best. For those within the United States it seems that the most popular way is with plastic, but as credit cards seem to get more expensive a major shift has occurred and debit cards are becoming a popular choice for many. So is the debit card the future of card payments? Well the answer to that all depends on who you ask as both have evolved within recent months.
In the case of debit cards, the shift for consumers seems to be a natural one that for the most part gives some of the same benefits that were associated with their credit card. One benefit that cardholders seem to love the most is the fact that many debit cards now offer many discounts as well as rewards (such as cash back and airline miles), that where once unheard of with the card.
In the case of credit cards, there are still many cardholders using their cards as they see them the best option for making purchases. In many cases these cards are being paid off in full at the end of each month to avoid interest charges. Also when it comes to credit cards many people are looking toward other financial institution other than the large issuers. As stated in a post entitled "Recent Survey Crowns Credit Unions "King"", many credit unions offer lower rates and consumers seem to be opting for these as their card provider.
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