Credit Card Vs Debit Card - Which is Best For You?
Credit Card vs Debit Card - Which is Best for You? You are thinking of getting a Credit Card or would a Debit Card be more suitable for your needs? Let's go through the pros and cons of each so you will be able to make an informed choice. First, We Will Discuss Credit Cards. The Advantages of Having a Credit Card You don't need to have any money initially The Credit Card company will give you a set amount of money eg 1 000 - this will be your Credit Limit. You can spend up to that amount. Each month you will receive a statement from the Credit Card Company - you will be able to choose to pay the whole outstanding balance (what you have spent since your last payment) or if you are short of money you will be able to pay the minimum amount. ...
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