Credit or Debit What is Your Choice
By MoreMerchant on Feb 7, 2007 in Credit Cards, Misc, Savings and Checking Accounts
What do use the most of credit cards, debit cards, checks or cash?
Credit Cards and Gift Cards Blog:
Paper vs. plastic what is your choice?
Most people these days rarely even consider anything but debit or credit cards. Why write a check or keep cash around? Credit and debit cards are much easier and easier to track.Even paper checks that are written are quickly turned into electronic payments often times at the place of purchase. At the bank they are always changed into electronic payments.
More and more will continue to use credit and debit cards when purchasing things. There will be a segment of the population that will continue to use paper checks, these are the people you will get stuck behind at the grocery store.
I definitely use my debit card for 40% or more of my transactions. I would use debit (Interac in Canada) more but I use my Visa card because I earn miles. I make sure and pay this off monthly to avoid finance charges.
What do you use for purchasing?
Secured credit cards are great for those who want to build strong credit history.
