Whom To Marry? Debit Card Or Credit Card?
The world is divided in many countries and continents, but the financial world is divided in just two parts, Debit and Credit. The recession might have affected in many sectors heavily, but one of the harsh effects seen in routine life is on the Plastic Money. The Debit Cards and Credit Cards are the major Ruling Parties of the world. People these days meet and immediately after sharing greetings, just start asking, “Hey, are you belonging to the Debit party or Credit?” And, my dear, almost all people are speechless.
The selection of debit card and credit card is as tough as selecting a typical Bride in an Indian Culture. You better know yourself first, before coming in the Matrimonial market for knowing prospects!!
While selecting a Bride, the most important question is, “Does the girl’s attitude matches with your own, family and surrounding’s nature?” If the answer is yes, go for it. It’s just simple. Same way, if you are searching for the appropriate card for you, the procedure stuck at the same point. Know you’re self and ask a simple question, “Does the Card usage conditions suits habit, living style and spending of you and your family?” If yes,
Go for it!!!
There are certain norms and nature of both the cards. Before knowing those natures, let’s dig out our nature. According to the
Experts, there are certain groups of Card holders. Let’s study them first.
- Those who buys a little or a lot, carries a balance and pays on time.
- Those who buys a little or a lot, carries a balance but doesn’t pay on time.
- Those who buy a lot, no balance, pay on time and uses credit to get rewards.
- Those who buy a little, no balance, pays on time and uses credit to get rewards.
So, these are the four groups of the card users, now first of all make sure what your group is. If you are amongst the first group, you are wasting your money if you are possessing Credit cards. The banks and Credit Card companies’ charges annual fees for the Credit Cards, since you are the perfect pet of the companies, you must escape from those annual fees. Switch out from the Credit Card; Get the Debit Card right now. If you are paying on the time, you are among the very few of the pride customers of the companies, get the benefit of it. Either you ask for waive off of the annual fees, or switch to the Debit Cards for the plastic money usage.
If you are among the second group, instead of changing the card, change your habit first!! People are starving for a single penny and so many have left their vehicles and surrendered to the public transport to save just a few dollars!! If you have the balance in your account and still you are paying, dear, are you aware that the Card companies could charge late fees and all the rubbish charges they desire? Why jumping on the axe? Even after the recent harsh amendments made by President Obama to demolish all the unfair tactics of Card companies, the companies can still charge you for the non-payment on time. So, get a habit to pay the dues on time to the companies, for the sake of your financial goodies.
The third and forth groups are the sincere guys. Especially, if you are in the third category of the group, you just learn first as what you are doing. You have a lot buying, you make the payment to the shopkeepers by a credit card, you pay them on the right time to earn around 2% reward( the percentage may differ a bit) but you carry no balance, so the companies are charging you 15% interest on your expenditure. How’s that? Is it fair, you think? Instead, suppose you have Debit card, you have certain amount in your account, you change your spending habit and start making only those expenditure that you can afford, and you pay by card. How’s this? Think.
The forth Group are those whom I feel Credit cards are just a prestigious and status symbol. They just believe somewhere that “how would it seem if I don’t have a credit card?” That could be the only reason to have the cards in pocket. Fine, as they are not spending much, doesn’t bother too much. But, if you can live without cards, you’ll definitely save at least the annual fees and also the interest in your spending.
These days even the Debit Card companies have changed and they also have started to repay some amount, be lesser than the Credit Card Companies. Suppose, Banks generally offer one point for every $1 spent with a credit card, compared with one point for every $2 spent with a debit card. But, still everything doesn’t matter too much.
The basic thing we should learn is that the Banks and Companies must be stopped to charge us more than what is basically chargeable. But, for that you need to make a home work of your spending habits and groups and should shop well to have the most economical plastic money company for you. Let it be the Credit Card or the Debit Card. We are in the party of savings, who ever can help us are the ones whom we should vote!!
Select the (plastic) Bride, which gives you relief from extra financial burden ad let you save for your future.
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