Personal Loan vs Credit Card vs Debit Card: When to Use Each
Dumb Little Man
NOVEMBER 4, 2019
Meanwhile, a credit card is a revolving form of credit that allows the owner to repeatedly access funds. Since credit cards have higher rates and risks of carrying a high balance, they are best used for short-term purchases that you can pay off in full. Both debit cards and credit cards are accepted when purchasing in-store and online and they both offer the same convenience. When travelling, it’s also best to use a credit card for bookings, flights, and hotel accommodations.