Why experts recommend always using a credit card instead of a debit card

Despite the fact that young people are totally hooked on Bizum to pay for everything we buy on a day-to-day basis, credit cards continue to weigh heavily on our domestic economy. After all, these allow us to pay in any business, while Bizum does not.

For this reason, many hesitate between taking out a credit card or a debit card from the bank. And, if they have both, they hesitate between which one to use. This is logical and for many years there has been no consensus on the part of expert economists.

For those who do not know, the debit card is one that makes payments by withdrawing money directly from our account. So if we have 1,000 euros in the account we cannot make payments greater than €1,000, since there would be no money for it.

While what the debit card does is pay by drawing on a bank loan that has no interest (as long as we don’t stay in the red). In this way we can pay for goods and services for a value greater than our bank account, and at the end of the month we are charged.

Each card, as you can see, has its differences, large enough for any user to know which of the two is better for their economy and use. But there is a key question here: which is the safest when paying?

Matt Schulz, a bank card expert who works for the US loan company LendingTree, explains in BI that: “If someone gets hold of your debit card information and uses it fraudulently, they are stealing real money from a real account“.

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On the other hand, when someone steals your credit card information, they are not taking the money directly from your account, but it appears as a charge in it that you can investigate and cancel as the issuer of the card. This is faster and safer.

Expert Matt Schulz also explains that choosing the debit option isn’t necessarily a bad thing. For example, it can help you save money, since it does not allow you to generate debt in the same way as credit cards.