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Debit cards become more lucrative than credit cards
In the past couple of years, America has seen a subtle shift in consumer preferences. People are now opting to use debit cards as the electronic alternative to paying with cash or checks. The best thing about these cards is that they can be used anywhere a credit card is accepted. And unlike credit card users, customers can keep better track of their spending habits as every purchase and ATM withdrawal is posted on the monthly statement. Another added advantage is that debit card users need not pay any finance charges and will not have to worry about mounting debts as in the case of credit card users.
Now it is natural for you to think that if it was so beneficial, why are more people not being encouraged to use debit cards over credit cards. Well, realizing that making people use debit cards is more worthwhile, an increasing number of banks are now offering reward programs similar to those available to many credit card customers. Northjersey.com reports:
Through the end of this month, PNC Bank is giving away 10,000 "bonus points" to those who sign up for a debit card reward program. Those 10,000 points could be redeemed for a $25 gift certificate at Linens 'n Things, TGI Friday's or Avis Rent-A-Car, among other companies.
Read more: Rewards rolled out as more customers sign on to debit cards
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