No. of Recommendations: 2
Debit cards are more dangerous to use than credit cards. They have direct access to your account.

Most debit cards have the same protections has credit cards. It is necessary to carefully read you account details to be certain. Although the protections may claim to be the same, in a dispute it is your cash that is already missing from your checking account. You may not have the reserves to pay for your rent/mortgage before setting up a new account and recovering funds from your bank.

The major advantage of credit cards is convenience. It is especially true when traveling. We use debit cards for gas (they do not accept credit cards), one car repair shop and a few grocery stores. We use a credit card at any restaurant, online purchases or any other merchant.

Rewards cards are nice, but are not a primary reason for using credit cards.

As previous noted, it is not necessary to pay interest to build your FICO score. Consistently paying on time and ignoring the temptation to spend money that isn't yours are the only requirements.

Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
Live Video Event Monday!
The GP team is hosting a live video event on Monday at 4 p.m. ET. Don't worry if you can't make it — we'll have a replay and a transcript. Click for more!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.