It's true that credit cards have many
advantages over debit cards (security being one of them), but I prefer to limit my credit card use in order to manage my debt.
Secured cards do allow you to build credit and that is
their advantage over debit cards and cash.
Not exact matches
+1 This is the huge
advantage of a credit
card over a
debit card.
While a credit
card can get you into a lot of trouble if you don't know how to use it properly and don't have the discipline to pay your balance to zero each month, there are many important features a credit
card has which can be an
advantage over using a
debit card.
That's the
advantage it has
over debit cards or cash.
What
advantage will a secured credit
card have
over debit cards or prepaid
cards if payments are not reported to credit bureaus?
The biggest
advantages credit
cards have
over debit cards are the benefits and rewards you can earn with.
Lydia Page shares a nice cautionary tale: she did fine with her money and budgets but didn't take
advantage of things like opt - in protections from her bank and the added security that credit
cards have
over debit cards, and her bank accounts were drained.
Using a
debit card has one major
advantage over a credit
card — you're paying with money you already have in the bank and avoiding debt.