Credit vs. Debit Cards
Updated: January 25, 2007
The use of debit and credit cards make shopping a little more convenient.
But there are also differences between the two of which consumers should be aware.
Shared by Donna Greene of First Busey Securities (Member NASD/SIPC) on The Morning Show.
DEBIT CARDS 101
-Make purchases just about anywhere
-Linked to checking account
-Helps track your cash flow
-Use as ATM card
-Confidential pin helps protect you
CREDIT CARDS 101
-Federal law guarantees protection
-You can withhold payment on a bad purchase
-"Float time" - Buy now, pay later in the month
-Best if paid every month in full
