Should I use a Credit Card or a Debit Card?

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Should I use a credit card or a debit card? The world of e-finance is changing rapidly. You can take advantage of what is available, but you need to have a little knowledge to make the right decisions. One of the more recent changes has been debit cards and on-line banking. Visa & MasterCard have jumped onto the debit card band wagon. You can save Money & headaches in the long run if you think about it. I started doing this when I wanted to write a check for an on-line purchase, but couldn't most of the time. I didn't want another credit card for a couple of reasons. First, it's too easy to use. Secondly, even though there is protection against unauthorized charges, it's just a headache. So, here is what I have done. I found a local bank that offered FREE Internet banking as well as a Visa or MasterCard debit card with their checking account. I did not get the overdraft protection or the auto transfer from savings to checking. It shouldn't be too hard to find this in your area. Always have this account close to a zero balance with your money in the savings account. When you want to make a purchase, find out how much you will need and open a new browser window to the bank. Transfer over only the money needed to make your purchase. This will become very important as more and more on-line service companies that offer a free of service if you give them credit card information. By keeping this account at a bare minimum until you wish to make a purchase, you won't have a surprise 6 months down the road when you realize a service you didn't want has been billing you since you signed up, but forgot to cancel. If you want the service, you can easily contact the company with a credit card to use for the service. Using a debit card with a bank that offers on-line banking will help if you are trying to stay on a budget. It will lower your costs because there is no interest on a debit card unless you have a credit line or overdraft attached to it. All around it has worked out very well in my case. About the Author Tim Johnson is a medically retired Police Officer who had his left arm amputated because of cancer. He is currently working full time on the Internet. You too can have a successful web site http://www.more4yourmoney.com ~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~ Want PROOF you can have a successful web site? Visit http://www.more4yourmoney.com and we'll show you exactly how easy it could be! Join our mailing list,we'll e-mail you updates for FREE mailto:join@more4yourmoney.com ~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~