Using a Debit Card is a Good Thing
Have you heard or read of the debit card? I am quite sure you know that there are two basic ways by which you can make payment these days. Of these two, the most popular and most old fashioned is the conventional payment. However, a more common method which is rapidly becoming popular is the form of payment through debit cards. I would like to introduce you to the whole new concept of the use of debit cards, and why they might be the kind of payment solution you are looking for. You see, the use of the debit cards ensure that you make the rudimentary payment, and also come with the added advantage of helping you manage your expenditure so you do not fall into unnecessary debts.
You might be wondering how this can be done, seeing that more and more people are falling prey to the wonderful credit cards. Well, first things first: the debit card works just like the credit cards. This means that you can make payment with them, without the inconvenience of having to carry the actual cash along and around. Instead, the cost of the item is charged to the card directly.
If it works like the normal credit card, how then is it different, you might be wondering still. Well, the debit card works thus. You can pout in a pre planned amount of money into the debit card, which stops your expenditure when this limit is reached, so you do not have to fall prey to the temptation of compulsive buying, and winding up in virtual debts. This means that it is what no less is in the card that is spent, no more,. When the limit is reached, your card stops being able to pay for items you charge to it. This is a very effective way to save you the stress of going over the top.
Well, when you have gone through this, I am sure you would agree with me that these cads are quite nice, but like credit cards, they also have some flaws too. Since your debit cards have a certain amount of cash in them which can be spent until the limit is reached, in the case of theft, the money in the cards can be spent without drawing too much attention. Once you make a purchase, the amount is immediately removed from your own personal account.
Therefore you have to be very careful with the way you handle the card, taking care to guard against theft of the card. You can also monitor the history of your debit card online daily to catch any anomaly in the expenditure curve. This can help you ensure that any amount being deducted was done explicitly by you and by no one else, without your permission.
If there happens to be some problems you can report the case to the appropriate office. In over all, the use of the debit card can be really good, even better than the credit cards.
You might be wondering how this can be done, seeing that more and more people are falling prey to the wonderful credit cards. Well, first things first: the debit card works just like the credit cards. This means that you can make payment with them, without the inconvenience of having to carry the actual cash along and around. Instead, the cost of the item is charged to the card directly.
If it works like the normal credit card, how then is it different, you might be wondering still. Well, the debit card works thus. You can pout in a pre planned amount of money into the debit card, which stops your expenditure when this limit is reached, so you do not have to fall prey to the temptation of compulsive buying, and winding up in virtual debts. This means that it is what no less is in the card that is spent, no more,. When the limit is reached, your card stops being able to pay for items you charge to it. This is a very effective way to save you the stress of going over the top.
Well, when you have gone through this, I am sure you would agree with me that these cads are quite nice, but like credit cards, they also have some flaws too. Since your debit cards have a certain amount of cash in them which can be spent until the limit is reached, in the case of theft, the money in the cards can be spent without drawing too much attention. Once you make a purchase, the amount is immediately removed from your own personal account.
Therefore you have to be very careful with the way you handle the card, taking care to guard against theft of the card. You can also monitor the history of your debit card online daily to catch any anomaly in the expenditure curve. This can help you ensure that any amount being deducted was done explicitly by you and by no one else, without your permission.
If there happens to be some problems you can report the case to the appropriate office. In over all, the use of the debit card can be really good, even better than the credit cards.