Comments on: 5 Reasons to Use Your Credit Instead of Your Debit Card – Guest Post http://financefreelancelife.com/2009/05/29/5-reasons-to-use-your-credit-instead-of-your-debit-card/ Thu, 18 Mar 2010 17:36:24 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Reading other PF bloggers » JoeTaxpayer http://financefreelancelife.com/2009/05/29/5-reasons-to-use-your-credit-instead-of-your-debit-card/#comment-46980 Reading other PF bloggers » JoeTaxpayer Sun, 31 May 2009 12:09:56 +0000 http://financefreelancelife.com/?p=1421#comment-46980 [...] last, is 5 Reasons to Use Your Credit Instead of Your Debit Card, a guest post on Mrs Micah’s Finance for a Freelance Life blog. The post title says it all, [...] [...] last, is 5 Reasons to Use Your Credit Instead of Your Debit Card, a guest post on Mrs Micah’s Finance for a Freelance Life blog. The post title says it all, [...]

]]> By: mrsmicah http://financefreelancelife.com/2009/05/29/5-reasons-to-use-your-credit-instead-of-your-debit-card/#comment-46857 mrsmicah Fri, 29 May 2009 22:06:02 +0000 http://financefreelancelife.com/?p=1421#comment-46857 @<strong>nodebtplan</strong> I've heard good things about Amex Blue. @<strong>Craig</strong> yep, debit gives you the advantage of seeing what's in your account change to reflect your purchases. With a credit card, I suppose one could use a spreadsheet. @<strong>Baker</strong> I've seen studies which substantiate that. That's why if I do use a card for purchases, it's either for fixed expenses or for regular budgeted stuff where I'm paying more attention to the budget than my bank account (gas, groceries, etc). Maybe it helps that I have so many years of using a debit card to help me with this mindset. @<strong>Tracy</strong>, indeed. We found that very handy when a hotel once billed us accidentally for the wrong nights. @nodebtplan I’ve heard good things about Amex Blue.

@Craig yep, debit gives you the advantage of seeing what’s in your account change to reflect your purchases. With a credit card, I suppose one could use a spreadsheet.

@Baker I’ve seen studies which substantiate that. That’s why if I do use a card for purchases, it’s either for fixed expenses or for regular budgeted stuff where I’m paying more attention to the budget than my bank account (gas, groceries, etc). Maybe it helps that I have so many years of using a debit card to help me with this mindset.

@Tracy, indeed. We found that very handy when a hotel once billed us accidentally for the wrong nights.

]]> By: Tracy http://financefreelancelife.com/2009/05/29/5-reasons-to-use-your-credit-instead-of-your-debit-card/#comment-46846 Tracy Fri, 29 May 2009 19:24:41 +0000 http://financefreelancelife.com/?p=1421#comment-46846 I admit it, I use my credit card all of the time for these reasons to earn frequent flier miles and because of safety concerns. I never pay with my debit card when ordering online or anywhere my debit card will be out of my sight, for example in a restaurant or in situations like ordering pizza or ordering via telephone. Yeah, they could steal my credit card number as easily as my debit card number, but at least my cash isn't tied up while it's being straightened out if they steal my cc#. <abbr><em>Tracy’s last blog post: <a href="http://ihatemymessageboard.com/2009/05/27/beef-cheek-casserole/" rel="nofollow">Beef Cheek Casserole</a></abbr></em> I admit it, I use my credit card all of the time for these reasons to earn frequent flier miles and because of safety concerns. I never pay with my debit card when ordering online or anywhere my debit card will be out of my sight, for example in a restaurant or in situations like ordering pizza or ordering via telephone.

Yeah, they could steal my credit card number as easily as my debit card number, but at least my cash isn’t tied up while it’s being straightened out if they steal my cc#.

Tracy’s last blog post: Beef Cheek Casserole

]]> By: Baker @ ManVsDebt http://financefreelancelife.com/2009/05/29/5-reasons-to-use-your-credit-instead-of-your-debit-card/#comment-46836 Baker @ ManVsDebt Fri, 29 May 2009 16:32:39 +0000 http://financefreelancelife.com/?p=1421#comment-46836 Paying your bill on time and not carrying a balance are not all that is required for this to make sense, in my opinion. For me, when I use debit cards I always think, at least for a split-second "Do I have the money for this?" It's more tangible and real. This helps me prevent a certain percentage of impulse buys. Everyone may not have the same thought process as I do, however, there's no doubt that the average credit card user spends more when using credit. Be sure you take diligent steps to help curve increased spending through lack of attachment! I think this is important in addition to paying bill on time and in full. <abbr><em>Baker @ ManVsDebt’s last blog post: <a href="http://feedproxy.google.com/~r/ManVsDebt/~3/Q-tNkwwoY7w/" rel="nofollow">May’s Budget Recap, Net Worth Update, & Future Battle Plans</a></abbr></em> Paying your bill on time and not carrying a balance are not all that is required for this to make sense, in my opinion.

For me, when I use debit cards I always think, at least for a split-second “Do I have the money for this?” It’s more tangible and real. This helps me prevent a certain percentage of impulse buys.

Everyone may not have the same thought process as I do, however, there’s no doubt that the average credit card user spends more when using credit.

Be sure you take diligent steps to help curve increased spending through lack of attachment! I think this is important in addition to paying bill on time and in full.

Baker @ ManVsDebt’s last blog post: May’s Budget Recap, Net Worth Update, & Future Battle Plans

]]> By: Craig http://financefreelancelife.com/2009/05/29/5-reasons-to-use-your-credit-instead-of-your-debit-card/#comment-46835 Craig Fri, 29 May 2009 16:02:19 +0000 http://financefreelancelife.com/?p=1421#comment-46835 Good point, and I agree that using CC has its advantages. I try to do a balance between the two, because I know using Debit I can see what I am taking out and how much it is affecting me. But I always pay my CC off in full each month and know the benefits of using and doing that. No one right way, but I think a fair balance of the two is best. <abbr><em>Craig’s last blog post: <a href="http://blog.budgetpulse.com/2009/05/28/the-ways-to-combat-whooping-interest-rates/" rel="nofollow">The Ways to Combat Whooping Interest Rates</a></abbr></em> Good point, and I agree that using CC has its advantages. I try to do a balance between the two, because I know using Debit I can see what I am taking out and how much it is affecting me. But I always pay my CC off in full each month and know the benefits of using and doing that. No one right way, but I think a fair balance of the two is best.

Craig’s last blog post: The Ways to Combat Whooping Interest Rates

]]> By: No Debt Plan http://financefreelancelife.com/2009/05/29/5-reasons-to-use-your-credit-instead-of-your-debit-card/#comment-46823 No Debt Plan Fri, 29 May 2009 13:18:29 +0000 http://financefreelancelife.com/?p=1421#comment-46823 Will be interesting to see how many of your readers decide to share their anti-credit card views. I, for one, completely agree and love our AMEX Blue Cash. :) <abbr><em>No Debt Plan’s last blog post: <a href="http://www.nodebtplan.net/2009/05/28/anything-worth-doing-is-difficult-and-requires-sacrifice/" rel="nofollow">Anything Worth Doing is Difficult and Requires Sacrifice</a></abbr></em> Will be interesting to see how many of your readers decide to share their anti-credit card views.

I, for one, completely agree and love our AMEX Blue Cash. :)

No Debt Plan’s last blog post: Anything Worth Doing is Difficult and Requires Sacrifice

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