December 02, 2022

Debit Card vs. Credit Card: Which Card Should You Use

35 minutes

Debit card vs. credit card, which card should you use when? It may feel like plastic is plastic, but when it comes to your money, there are some distinct differences between a debit card vs. a credit card. In this Shannah Shares episode, I’m talkin’ when you use which card, how to maximize your benefits, and some key distinct differences.

This episode was inspired by a question from Marcus who wrote: Shannah, thanks for the show. I’m learning a lot and enjoying actually hearing about money every week. Your guests are rad, so thanks for that. I got into this debate with my fiance the other night about credit cards vs. debit cards and at the end of the debate we both realized that we really didn’t know when we should use each card. I thought I would come straight to you and see if you can help us figure it out. I currently have 2 credit cards and one debit card but I never know which one to pull out for day to day purchases and then for big purchases. Thank you again!

LINKS

Investopedia - Debit vs. Credit Card

Bankrate.com - Which card is safer

Moneytransfers.com debt survey

Debt and Mental Health article

SPONSORS

Thanks to Ka’Chava for sponsoring the show. Ka’Chava is oﬀering 10% OFF for a limited time at Kachava.com/mymoney.

Thanks to Masterworks for sponsoring the show. To get priority access go to masterworks.art/mymoney.

Thanks to Chime for sponsoring the show. Get started with Chime today. Applying for a free account takes less than 2 minutes. Get started at chime.com/mymoney.

Thanks to Shopify for sponsoring the show. Shopify is more than a store. Connect with your customers. Drive sales. Manage your day-to-day. Go to http://www.shopify.com/mymoney for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features.

This episode is sponsored by/brought to you by BetterHelp. Give online therapy a try at betterhelp.com/mymoney and get on your way to being your best self.

This episode is sponsored by Planet Money. Listen now to Planet Money from NPR -- wherever you get your podcasts.

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