No. of Recommendations: 0
SubsectorA,

I've read that while CCs give some measure of protection from fraudulent use, debit cards do not. Also, if a product proves to be defective, you have some recourse through the CC company - not so with a debit card, which withdraws the money directly from your checking account. With a credit card, you also have time from when you make the purchase until the date the bill is due - you can keep track by keeping all the receipts together, making a note of when the billing cycle closes each month (you can call the CC company for the dates in advance,) and actually time purchases so they will go on the next bill instead of the current bill (as in, buy something on the 2nd when the billing cycle ends on the 1st.)

Using debit cards seems to be a great deal for the debit card company, but I don't see much advantage for the consumer.

We use a Shell Mastercard with a nice rebate, and we put just about everything we can on the CC, paying the balance off each month. We rarely write checks and don't use much cash. Setting up a budget would probably be of great benefit to you.

jmbellv
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