Funancials

The Funny Money Blog

Credit vs. Debit

Personal Finance ·

Back to the Basics:

When checking out, should I choose CREDIT or DEBIT?

Answer:

CREDIT

Why:

  1. If you have a Visa or Mastercard logo on your debit card and choose credit, you’ll be asked to sign for your purchase. All signature transactions go through the Visa or Mastercard Network. These networks provide fraudulent protections and Zero Liability Policies.
  2. Banks receive a larger fee from a merchant when you swipe as credit. Banks typically offer rewards and incentives to do so.

**Only choose DEBIT if you’re receiving cash back (or if it’s your mom and dad’s store)

A Blinkin

Hunter, aka A. Blinkin, is the blogger behind Funancials. His experience in banking, lending, payments and investments has earned him the title of "Personal Finance Guru." In addition to helping people with their finances, Hunter enjoys crunchy tacos, open mouth kisses from his 2 baby boys and writing in third person.

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I'm a big believer in transparency. As such, you should know that I make money from this blog. Weird, I know. The way I make money is simple: I occasionally link to products and companies that I believe provide tremendous value. If you choose to sign up, I may receive a small payout. This payout comes at no additional cost to you and, trust me, it's small. I'm in no position to quit my day job. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.