Advantages of having a debit card:
- You avoid having many debts: the money you spend with your debit card will come out of your checking account. So, if there is no money, the operation immediately will be rejected, so, as easy as cash for your balance marks the boundary and therefore avoid to buy more of the account and of course will keep you in debt.
- With a debit card, you will have less commissions: these cards are less flexible and much simpler than the credit card, but in exchange for this you have less commissions.
- Are phone calls: the vast majority of debit cards are free and do not include charges for issuance, much less by expiration date or renewal each year. In this sense, being as a service associated with the bank’s checking account.
- Debit cards are easier to recruit: as well is that in order to have a debit card All you need is one thing: to open a checking account, you don’t even have the need to ask for it, since it is the bank that the offer.
Versus a credit card:
- You will have additional insurance: credit cards can include all types of insurance with more or less coverage. All this will mean that you will have many more debts, you don’t have a specific limit of money for you to buy and get increasingly in debt.
- The debit cards accepted obviously on all sides: there are places in which you will not be able to pay with a debit card, for example: when you want to rent a car, many companies or car rental companies you are going to ask you to pay with a credit card, because thanks to the credit they ensure that you have sufficient funds to assume your debt.
- You can buy many more things that you don’t need to truly: This happens because not what you’re spending and it is very easy for banks allow you to spend more of the account. In fact, the most common is to buy things you don’t need just because you can do it and also spend a lot more than you wanted in a same object.
- That is why in FNBNorcal.com always say that everything has its advantages and disadvantages, so many things from these can be avoided as long as consumers are aware of their finances.