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Credit Or Debit: Pick Your Plastic

Sunday, July 7, 2013 - 6:33 AM
From Kiplinger
Some financial experts champion credit cards as the best payment method, citing their superior rewards and benefits and heightened fraud protection. Others say debit cards are the way to go, especially for certain types of spenders.

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For savers, it seems the only reason to choose debit cards is for reward checking. The article did mention reward checking (along with DA for finding top-yielding ones!)
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
1. Sunday, July 7, 2013 - 6:48 AM
For large purchases I opt for a credit card not only to accumulate airline miles but for added warranty protection, ease of returning an item and sometimes a hefty discount is offered.  For gasoline purchases I use the PenFed Platinum Cash Rewards Visa credit card to obtain the 5% discount per gallon.  I rarely make any purchases with a debit card due to security concerns. Instead preferring cash for groceries and small purchases.
11
ShorebreakShorebreak2,608 posts since
Apr 6, 2010
Rep Points: 14,135
2. Sunday, July 7, 2013 - 8:04 AM
Congratulations on the mention in Kiplinger's, Ken!
11
pearlbrownpearlbrown1,431 posts since
Nov 2, 2010
Rep Points: 6,249
3. Monday, July 8, 2013 - 10:13 PM
First time I heard of Ken's site was when I saw it mentioned in the Wall Street. It was called Bank Deals then. It was before I had internet. I wrote the site down and thought when we have internet offered where I live I would check it out. SO GLAD I DID!!!.
2
Ally6770Ally6770911 posts since
Jan 16, 2010
Rep Points: 2,651
4. Saturday, July 13, 2013 - 3:33 PM
The hidden advantage lies in prepaid cards as well as Bluebird (BB) cards. One can buy pre-paid cards or reloadable cards with reward-earning credit cards and "cash" them with BB cards. 
1
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,426
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