Comments on: What are the benefits of a debit card? http://www.financebis.com/20100726/what-are-the-benefits-of-a-debit-card/ Financial Information Thu, 25 Aug 2011 17:43:20 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Carlos http://www.financebis.com/20100726/what-are-the-benefits-of-a-debit-card/#comment-113248 Carlos Mon, 26 Jul 2010 05:28:46 +0000 http://www.financebis.com/2010/07/26/what-are-the-benefits-of-a-debit-card/#comment-113248 1- Its safer then cash (theft) 2- You can buy things online 3- Chase debit card can earn cash back or points (annual fee but pays off if you use it instead of cash) 4- You can track your purchases online and track your spendings 5- You cant get in to debt if you don't allow overdraft (spending more then what you have) the bad thing about debit cards is that they don't build up credit 1- Its safer then cash (theft)
2- You can buy things online
3- Chase debit card can earn cash back or points (annual fee but pays off if you use it instead of cash)
4- You can track your purchases online and track your spendings
5- You cant get in to debt if you don’t allow overdraft (spending more then what you have)

the bad thing about debit cards is that they don’t build up credit

]]> By: Mike http://www.financebis.com/20100726/what-are-the-benefits-of-a-debit-card/#comment-113247 Mike Mon, 26 Jul 2010 04:50:17 +0000 http://www.financebis.com/2010/07/26/what-are-the-benefits-of-a-debit-card/#comment-113247 if you have a DEBIT card, it means you only spend the money that you have. not like a credit card where you buy shit loads, find yourself in debt and then your screwed. if you have a DEBIT card, it means you only spend the money that you have. not like a credit card where you buy shit loads, find yourself in debt and then your screwed.

]]> By: Tran Nguyen http://www.financebis.com/20100726/what-are-the-benefits-of-a-debit-card/#comment-113246 Tran Nguyen Mon, 26 Jul 2010 04:42:02 +0000 http://www.financebis.com/2010/07/26/what-are-the-benefits-of-a-debit-card/#comment-113246 Debit cards are much more safer, you don't have to pay tax (i think) and you're basically using your own saving account so if you go over, there is really no worry. But credit cards you have to pay tax and if you go over you have to pay all the money back, with intrest. Say if you are stuck in the City with no money, you can rely on your debit card to withdraw some money so you can get home safely. I think that debit cards is like a back-up of your money. If you run out you can always rely on your debit card. Debit cards are much more safer, you don’t have to pay tax (i think) and you’re basically using your own saving account so if you go over, there is really no worry. But credit cards you have to pay tax and if you go over you have to pay all the money back, with intrest.
Say if you are stuck in the City with no money, you can rely on your debit card to withdraw some money so you can get home safely.
I think that debit cards is like a back-up of your money. If you run out you can always rely on your debit card.

]]> By: JIM http://www.financebis.com/20100726/what-are-the-benefits-of-a-debit-card/#comment-113245 JIM Mon, 26 Jul 2010 04:09:38 +0000 http://www.financebis.com/2010/07/26/what-are-the-benefits-of-a-debit-card/#comment-113245 Not sure where you are, but here in England it is not possible to have a debit card without a bank account. The debit card serves as an electronic check book - you pay for something with your debit card and the funds are automatically taken from your bank account. A card that you put money on (without having a bank account) is actually a prepaid credit card. Not sure where you are, but here in England it is not possible to have a debit card without a bank account. The debit card serves as an electronic check book – you pay for something with your debit card and the funds are automatically taken from your bank account.
A card that you put money on (without having a bank account) is actually a prepaid credit card.

]]> By: Jimmmminy http://www.financebis.com/20100726/what-are-the-benefits-of-a-debit-card/#comment-113244 Jimmmminy Mon, 26 Jul 2010 03:56:47 +0000 http://www.financebis.com/2010/07/26/what-are-the-benefits-of-a-debit-card/#comment-113244 Well, ask yourself why you want one in the first place. If you need a debit card rather than cash, there must be a reason? If so, there's your answer. Well, ask yourself why you want one in the first place. If you need a debit card rather than cash, there must be a reason? If so, there’s your answer.

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