| When you are considering getting a credit | | | | card is that a credit card is linked directly |
| card you should be fully aware of all the | | | | to your savings or checking account. Unlike a |
| consequences that could come with the | | | | credit card, a debit card has a limit that is |
| responsibility of having and using one. Some | | | | based upon the amount of personal money you |
| people prefer to make use of a debit card | | | | have within these accounts. You cannot go |
| instead of a credit card to keep them out of | | | | over your limit, so there are no fees; |
| financial peril. This is all a matter of | | | | however, you will want to be extremely |
| personal opinion and needs, wants, and | | | | careful, because as stated it goes by the |
| desires. When you use a credit card, if you | | | | amount of money you have within the account. |
| are not careful you could end up in a deep | | | | |
| financial hole that is extremely difficult to | | | | Additionally, because a debit card is linked |
| get out of. Using a credit card takes a | | | | to your savings or checking account you can |
| mature responsibility of resisting | | | | use the card at any ATM without having fees |
| temptation, setting and sticking to a budget, | | | | applied (Unless you use an ATM of a |
| and having the ability to pay off the charges | | | | non-accepting bank, then you may be charged |
| at the end of each month. | | | | $1.00 - $1.50 for using that ATM). By using a |
| | | | debit card you will avoid the fees typically |
| A debit card is a form of "Credit Card" that | | | | associated with a credit card, such as |
| generally comes with the Visa or MasterCard | | | | interest charges on balances, cash advance |
| logo upon and works just like a credit card | | | | fees, and it will not affect your credit |
| would with a few exceptions. These debit | | | | rating at all. By using a debit card, you |
| cards; if they have the major credit card | | | | will be able to better control your spending |
| logo upon it, can be used to any retailer | | | | because the charges will come directly out of |
| that accepts those specific cards and for any | | | | the money within your account, this will help |
| purchases such as items, hotel reservations, | | | | you (if you stick to a budget as mentioned |
| and car rentals. The exceptions and | | | | before) refrain from over spending and |
| differences between a credit card and a debit | | | | keeping financial stability. |