“I’m scared of all the reports I hear of shoppers being robbed and I want to reduce the risk of buying things with cash. I’m trying to decide between getting a debit card and credit card, but I’m not sure which one would suit my needs better . What advice can you give me?”
Using cash to make purchases can bring major security risks, especially at this time of year. Using cheques instead can be one option, but many merchants won’t accept them. Increasingly, many consumers seeking the convenience and safety missing from ‘paper’ money, are switching to ‘plastic’ money in the form of debit and credit cards.
Whose money is it?
Although they both provide consumers with a convenient payment method, debit and credit cards have big differences. The most important distinction between the two is whose money is being used to carry out the transaction. Continue reading Debit vs Credit Cards