In working with clients, I’ve often encountered those who are hesitant to use their credit cards and opt for debit cards most of the time. These days, a great deal of people use debit instead of carrying large amounts of cash around. And while using debit cards can be a good practice in some cases, there are few key instances when it is typically best to use your credit card.
When It's Better to Use Debit Cards
- For small purchases under $20
- When buying something that you know you won’t need to return
- When paying in person (with a reputable merchant)