Credit Card? Debit Card? What’s Best?

Are you as confused by the differences between Credit Cards and Debit Cards as I am? Do you wonder which one you should use in which situation? And which one is costing you a load of money?

Well, if you’d like to really know what’s going on in the Credit vs. Debit Card battle, then take a few minutes and take look at Peter McDougall’s article on today’s TheStreet.com. Right after you pay for your coffee and donut with a Debit Card. Or is that a Credit Card?

Peter clearly shows the difference between the 2 types of Cards. And some of the things I learned were pretty eye-opening. For instance, I always thought that one of the benefits of using a Debit Card at a checkout was that I wouldn’t be charged a fee, like I would if I used it at an ATM. But now, I see that some banks actually charge a fee – from a dime to a dollar or more – when we use our Debit Cards at a checkout. That’s crazy!

Check out Peter’s article and let us know what you think. Who knows? You just might find that some of those little pieces of plastic that you’re carrying around are really doing a number on your finances. And your nerves.