So, you should be wise enough while using credit cards. Keep in mind the income you are getting, so that you can pay back exactly the amount for the credit card. Now, coming to the debit card you know how much amount is present in the debit card, and you know when you swipe how much amount is being withdrawn so you can plan your expenditures.
With debit card you have an advantage, that you don't need to pay interest. But the disadvantage would be you don't have access to unlimited money so you can't shop at any time.
Now, when you are thinking about the two, credit card and the debit card, make sure that you know at what point of time, what exactly you need to use. At times, when you really really need to buy something and you don't have cash, then you can use credit card if you have the confidence that you can repay it. And at time when you have cash then use debit card, as you don't have to pay it back with interest, reported indiainteracts.
The most popular citizen journalists' reports on merinews chosen automatically on the basis of views and comments
View more jobs