Debit Cards the new Credit Card?
Thursday, November 19th, 2009I recently read this article on walletpop.com that I found interesting relating to finance (http://www.walletpop.com/blog/2009/11/12/debit-card-donts-for-black-friday/). It seems for the first time ever debit card purchases are becoming more widely used then credit card charges. With “Black Friday” and the rest of the holiday shopping season rolling up it appears that consumers are “Trying to keep their credit card balances low.” Purchases in general are not expected to decline at all over this season but even with the economy in its current state people would prefer to pay cash.
Debit Cards do have their advantages to the mind since your payment is made instantly instead of a weight on your shoulders however, experts are recommending that while shopping online it is important to use care while using your debit or credit card. While placing orders it is important to check your cart before paying. Since using your debit card is essentially like wiring cash it makes it that much more difficult to return orders as well as pick up fradulent orders. Your bank does not moniter your spending habits like a credit card company would. It is important to moniter your account and report fraud usage immediately to your bank. It promises to be an exciting holiday season coming up so be smart and do your research and you can treat yourself as well as everyone you are shopping for!

