Credit Cards Vs Debit Cards – The Pros and Cons


Over the years, the UK has become a country that depends a lot on its plastic purchases, that it's a debit or credit card, which avoids us from having to pay. Having to carry money, making innumerable withdrawals at vending machines or writing a check after the other. make purchases.

Payment by card purchases is a very convenient and easy way to make purchases, and saves you time and avoids you hassle. Card payments also make it easy to buy online or over the phone, which has become a popular means of shopping, from groceries to vacations, clothing, gifts, and more.

With regard to the card to be used to make purchases, the preferences may vary from one consumer to another, and the use of debit and credit cards has advantages and disadvantages. Both offer convenience and convenience, but some points need to be taken into account to decide whether it's better to buy with a credit card or a debit card.

Credit card

Credit cards allow the consumer to benefit from a credit up to a specified limit and, depending on the card, can also offer other benefits, such as extended periods of no interest, purchase protection, reward points, cash back, and more.

Benefits of using credit cards

  • Be able to pay for purchases without having to carry cash or write checks
  • Being able to shop online or over the phone
  • Being able to buy items and benefit from an interest-free credit for a specified period
  • Be able to spread the cost of purchases over a long period
  • Be able to benefit from a credit up to the limit you specified, which facilitates the purchase of things you want without having to wait and save
  • Rewards (subject to the card being used) such as Cash Back, Reward Points or Air Miles
  • Large choice of cards to meet most needs and circumstances, including those with low credit to help restore credit

Disadvantages of using the credit card

  • The risk of incurring high debts that become unmanageable
  • Risk of credit card fraud
  • Be charged for often high interest rates on balances that are not paid in full each month

Debit cards

Debit cards are usually issued by your bank. These allow you to enjoy the convenience and ease of use of plastic to pay for your purchases, but you must have the necessary funds on your account before you can spend with your debit card. With your debit card, you can enjoy benefits such as extended purchase protection and emergency card replacement, although you should check the conditions attached to your bank to see exactly what kind of benefits you have.

Benefits of using debit cards

  • No risk of going into debt, you must have the money in your account to be able to use the card
  • Ease and convenience of paying by card without the need for money or checks
  • Being able to shop online or over the phone
  • Extended warranty on purchases with many debit cards

Disadvantages of using the debit card

  • No credit facility, so you can not spend if you do not already have the funds
  • Risk of debit card fraud
  • No possibility to spread refunds on purchases
  • No additional benefits such as rewards or cash back

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