'Are Credit Cards better than Debit Cards?
better than Debit Cards?
Credit cards and
debit cards have reduced the dependency on hard cash and have eased online, contactless
Thereby, most
of us, whether salaried or self-employed, have at least one of these cards
While debit
cards are used to access the funds available in your bank account, credit cards allow
Additionally, credit
cards offer multiple advantages like rewards, cashback, lounge access, insurance covers, etc
To understand
the benefits of credit cards over debit cards, let us first understand the basic differences
Based on
the comparison between credit cards and debit cards, you must note that credit cards can
Since a debit
card grants you the access to the funds in your bank account, it is
For credit
cards, instead of a bank account, you must have a good credit score and history
Some card
issuers also offer credit cards to those who are new to credit
Credit cards
give you additional purchasing power, which allows you to make purchases even when you do
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