#debitcard #creditcard #moneymanagent

How to Decide When to Use Debit (Cash) or Credit

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)