Houston Credit Repair Expert, Vanessa Perry explains when to use your credit card vs. your debit card in a recent article.
When to Use a Debit Card
Typically it is best to use a debit card for daily purchases. By using a debit card with your day to day purchases you are able to track your spending better. You can use a debit card for everyday purchases—especially if you think that using a credit card all the time would lead you to overspend. “I️ suggest using debit cards for your everyday expenses except high-risk situations,” says Vanessa Perry in an article from Real Simple.
Points and promotions can be a reason to use credit cards as well.
When to Use a Credit Card
Use credit cards to utilize your credit, but not to go on a shopping spree. A credit card is not free money. Make sure to use credit cards in high-risk situations such as a high ticket item or something simple as gas or online purchases. Make sure you have the money to pay for the items you charge on your credit card. Some credit cards have benefits such as 0% for 6-12 months. This is also a tool to utilize for high ticket items. Make sure that you pay off the promotional balance within a timely manner to avoid a high-interest charge.
Houston Credit Repair
Impeccable Credit Services has been in business for over 17 years. With two physical locations Impeccable is able to accommodate your credit needs in person or virtually. Owner, Vanessa Perry, makes a custom plan for each client curated by their scores and goals. Our motto is repairing credit, changing lives. Our goal is to educate our clients about credit in order for them to achieve financial success. If you have any questions regarding your credit please feel free to contact us at 713-378-1500.