How To Use A Credit Card As A Debit Card – Personally, I prefer to use a credit card than a debit card. A debit card ensures instant cash out from your bank account while the credit cards always delay cash out from your bank accounts.
The major difference between a debit card and a credit card is where the cards deducted the money. A debit card deducts money from your bank accounts while a credit card charges the money to your line of credit.
For instance, when you purchase an item from a retail store with a debit card, the card draws the money for the purchase directly from your bank checking account. It is very important to keep note of your checking account balance to avoid accidental use of money from your account.
Most times you won’t be allowed to use a normal credit card as a debit card, but you can also use a prepaid credit card like a debit card. A prepaid credit card works like debit cards, but are still accepted anywhere normal credit cards are accepted.
Reasons why you should use a Credit Card over a Debit Card
The only difference in using a credit card or a debit card is the time it takes the transactions to flow via your account. When you enter your card pin, money is either debited from or credited to your account and can be withdrawn in a few days.
There are actually different reasons why you should use a credit card over a debit card, and they include;
- To protect your bank account.
- To earn rewards.
- To build credit history.
- To make better purchase.
Use Credit Card As A Debit Card
Recently, an online digital finance tool was developed to enable credit cards mimic the features of a debit card.
The tool is a mobile app that helps to convert a credit card to a debit card. Credit card users can actually build credit and still get poi to take that comes with a credit card with landing into debts.
Credit card debt is something you should avoid Yes, but that doesn’t mean that you should avoid using credit cards. There are lots of benefits attached to using credit card, with a credit card you build a credit profile and earn valuable rewards.
To make use of this tool in converting your credit card to a debit card, first you need to make sure you have a checking account and a credit card. After which you register online with the digital finance company and then link both your bank account and the credit card to the digital finance company.
The digital finance company helps you pay off the credit card bill when it’s due time. But you have to bear in mind that the company earns referral fees when users open a recommended credit card.
Note; if you make sure to spend within your means and pay off your balance in full every month, you’ll avoid paying interest fees as well as debt.