6 Reasons Why Debit Cards Are Better Than Cash and Credit - We have compiled 6 reasons why you should have a debit card connected to a bank account or a prepaid debit card.
1. Cash back at a store – most large retailers and supermarkets allow you to receive cash back with your purchase, giving you needed cash for emergencies.
2. No surprises as to where your money went - A debit card provides a detailed description of your spending, unlike cash that is hard to follow and budget.
3. Debit cards deduct your money from your account immediately upon a purchase - This will greatly reduce any spur of the moment spending as you can’t afford to spend what you don’t have.
4. You don’t even need a bank account to own a debit card. A prepaid debit MasterCard allows you to pay as you go, you re-load your prepaid card with a certain amount of money and you use it whenever you want. You don’t have to worry about emptying your bank account or bouncing checks in the event of fraud or losing your card.
5. Owning a debit card helps you to live within your means especially when you are the type of person that struggles to pay your credit card debt every month. With a debit card, you only spend what is in your card purse, and there are no interest rates involved so your debt will not compound.
6. Use prepaid debit cards instead of checks, avoiding those expensive overdraft charges. Enter your prepaid debit card number online in the same method you would use your credit card to pay a bill or purchase merchandise. Use it to pay recurring automatic debits like insurance payments or cell phone bills, so you don’t risk any insufficient fund fee’s from your bank account.
There are other good reasons to own a prepaid debit card, like card to card money sharing for family members, quick bill payments over the phone, and ATM cash withdrawals. |
