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With cards, debit is better than credit
If your credit card company is trying to subtly push you into using debit cards, then it is no coincidence. 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.
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