As a human, we all are habitual to spend either for our necessity or luxury. But, when it comes to spending its never rewarding. It's a barter trade wherein you give something to get something in exchange. Usually money in exchange for some product.

How would be your life, if you could get more from this trade or deal? Will you be delighted?


debit card vs credit card


Credit Card vs Debit Card

Today most people are confused to decide whether they must spend using a credit card or debit card. Which card is more beneficial for them?  

When you need to decide which one you should choose between the two - ALWAYS COMPARE. 

What is a Debit Card?

In Simple Term, as the name suggests a debit card is a card issued by a bank to its account holder for executing a transaction by debiting their account. 

When a transaction is executed on a debit card, the requisite amount is instantly debited from your account. So, your hard working money is transferred to another person account to work for them. 

What is a Credit Card? 

I have already explained about credit card in my previous post: How to make Money by using a Credit Card?

Today we are going to understand the benefits of Credit Card vs Debit Card. 

Benefits of Credit Card vs Debit Card

  1. When I shop or spend using Credit Card, instead of an instant redemption of money from my bank account. I get 50 days credit (depending on card and billing cycle) while my money is earning interest in my bank account.  If you are smart you can even earn higher interest using short term FD, liquid funds or even higher interest saving account. 
  2. I get loyalty points and additional discount (card tie-up partners or preferred partners) at the brand store or online shopping website for my spend.
  3. I get reward points on my credit card which I can redeem for gifts, cashback, bill payment, etc (depending on my credit card).
  4. I even get free lounge access, enjoy the lowest foreign currency mark up of 2% on all your foreign currency spends, a convenience fee waiver of 1% on all fuel transactions, etc (Depending on my credit card). 
  5. Final to top it all, I pay using Cred (How to Become Cred App Club Member and Make Money on Credit Card Payment) and again get rewarded with coupons, cash back, event tickets, etc. 

Will you still spend using a Debit Card? - Comment below. 

Share your good and bad experience with a Credit Card in the comments below.  

Check other posts on Credit Cards here.


Keep Enjoying the Life of Stressfree Investor ðŸ˜ƒ

Enjoy the best value for your money.

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