🚀 go-pugleaf

In article <hnm73skq14fo1qmas90nk34vjqqht3rnml@4ax.com>,
  postingid@dissensoftware.com (Binyamin Dissen) wrote:

> I am curious.
>
> In what situation would a debit card be better than a credit card.
>
> As I understand it the purchase will cost the same. And both are
accepted.
>
> With a debit card the person loses use of the money immediately,
while with a
> credit card the person loses use of the money about one moth later.
>
> What advantages do the debit card hold so that anyone, in any
financial
> situation, would benefit more from using it rather than a credit card?

People in the "financial situation" of being unable to get a credit
card, can still get a debit card.  Often, these bear a VISA or MC
emblem, which means they can be used at most businesses which accept
these credit cards.

From the standpoint of convenience, I find a debit card to be much
easier to manage than a credit card for purchases which I don't intend
to pay off slowly.  To begin with, since I regularly monitor the
balance in my checking account anyway, I don't have to keep checking my
credit card balance every time I go to the supermarket or buy gas.
Secondly, even if I inadvertantly overdraw my checking account (by
failing to check the balance), I have "overdraft protection" supplied
by my hefty savings account, so there is no surcharge -- unlike a
credit card, which will charge you a penalty.  Third, from the
psychological standpoint, it is often easier to avoid going into too
much debt through the month if you spend the money "in cash".  It comes
out of your account IMMEDIATELY (unlike a check, which takes a few days
for the other guy to cash), and you know exactly how much you have left
in your checking account.

--
Avi Jacobson, Manager of Product Language Localization, Gallery Systems
Avi@GallerySystems.com - (510) 652 8950, ext. 246


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