A
recent study found that over 60 percent of consumers prefer using debit cards
to credit cards as a payment vehicle, why? because debit feels more like
"real money."
When using a credit card, the credit card provider is essentially extending
you a loan for the amount purchased. You typically sign for the purchase,
and when they send you a bill, you are obligated to pay your balance. If you do
not, the credit card company will charge you interest rates and fees.
A debit card is associated with your bank account. When you make a
purchase, that exact amount of money is taken out of your bank account within
days. When you use a debit card, you typically use a PIN number.
The cards look the same, are scanned the same, but are very, very,
different.
Which suits you? Some things to consider when deciding: Card
protection, interest, fees, avoid debt, spending money that you don’t have etc.
More recently we are seeing a lot of rewards and benefits associated with
Credit and Debit Cards. How do you find the best reward structure for you?
Don’t look any further than
LuckyBuys
BonusCash VISA Debit card…
www.luckybuysbonuscash.com.au
The LuckyBuys BonusCash
Card is an all in one shopping card, you shop at your favourite participating
stores and receive Cash back – real cash!
Receive up to 30% cash
back from thousands of outlets online and instore that’s hundreds of $ credited
directly to your card each year. Spend it where and when you want, even as cash
withdrawals. Your card is available to use 24 7 via our website, mobile app and
special deals sent to you.
Some
of the top participating retailers instore and online:
Click here to find out more!
