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I am exactly the opposite. I use a debit card, but I've never used a credit card. Why would I want to borrow money (and risk owing interest), if I already have

by srssays 10y ago

I am exactly the opposite. I use a debit card, but I've never used a credit card. Why would I want to borrow money (and risk owing interest), if I already have money readily accessible via my debit card?

pdonis 10y ago
> Why would I want to borrow money (and risk owing interest), if I already have money readily accessible via my debit card? Because if your credit card is used fraudulently, you tell the credit card company, they disallow the charges, and nothing comes out of your pocket. If your debit card is used fraudulently, the money comes direct from your bank account, and you get to find out how much work it is to get that money back--and in the meantime, you don't have it.
jonknee 10y ago
- Very good rewards deals (cash back, points, free checked luggage, etc) - Free perks like rental car insurance and extended warranties - You never have to worry about your bank account being cleared out If you pay your bill this all comes for free. It's a pretty amazing deal actually.
- ipsi 10y ago
  In the UK, at least, Credit Cards also have much better protection under the law: http://www.money.co.uk/current-accounts/is-debit-card-protection-the-same-as-for-credit-cards.htm http://www.money.co.uk/current-accounts/is-debit-card-protec... - Debit Cards are not _required_ to have any protection.
mrec 10y ago
I don't use a credit card instead of a debit card, I use cash instead of a debit card. I mentioned the credit card just to emphasize that this isn't out of some weird card phobia.
tshibley 10y ago
The biggest reason I can think of is safety. With a good credit card you are not liable for any fraudulent charges, which definitely isn't the case for debit cards. https://www.nerdwallet.com/blog/credit-cards/credit-card-vs-debit-card-safer-online-purchases/ https://www.nerdwallet.com/blog/credit-cards/credit-card-vs-...

by srssays 10y ago

pdonis 10y ago

> Why would I want to borrow money (and risk owing interest), if I already have money readily accessible via my debit card? Because if your credit card is used fraudulently, you tell the credit card company, they disallow the charges, and nothing comes out of your pocket. If your debit card is used fraudulently, the money comes direct from your bank account, and you get to find out how much work it is to get that money back--and in the meantime, you don't have it.

jonknee 10y ago

- Very good rewards deals (cash back, points, free checked luggage, etc) - Free perks like rental car insurance and extended warranties - You never have to worry about your bank account being cleared out If you pay your bill this all comes for free. It's a pretty amazing deal actually.

ipsi 10y ago
In the UK, at least, Credit Cards also have much better protection under the law: http://www.money.co.uk/current-accounts/is-debit-card-protection-the-same-as-for-credit-cards.htm http://www.money.co.uk/current-accounts/is-debit-card-protec... - Debit Cards are not _required_ to have any protection.

mrec 10y ago

I don't use a credit card instead of a debit card, I use cash instead of a debit card. I mentioned the credit card just to emphasize that this isn't out of some weird card phobia.

tshibley 10y ago

The biggest reason I can think of is safety. With a good credit card you are not liable for any fraudulent charges, which definitely isn't the case for debit cards. https://www.nerdwallet.com/blog/credit-cards/credit-card-vs-debit-card-safer-online-purchases/ https://www.nerdwallet.com/blog/credit-cards/credit-card-vs-...