Are Debit Cards & ATM Cards the Same Thing?

Credit Cards

Are Debit Cards & ATM Cards the Same Thing?

Are Debit Cards & ATM Cards the Same Thing?

You may think of ATM cards and debit cards as the “you say tomato, I say tomato” of personal finance. And, at one point, they may have been considered the same thing. But, nowadays, there’s an important distinction between the two. “An ATM card is used at an ATM machine to get money,” Jason Oxman, CEO of... Read More

Can I Use My Debit Card to Get a Credit Card?

Credit Cards

Can I Use My Debit Card to Get a Credit Card?

Can I Use My Debit Card to Get a Credit Card?

Don’t be fooled by your debit card’s appearance. It may look and even swipe (or dip) like a credit card, but your debit card isn’t helping you build credit. As such, you’re not necessarily going to be able to score an actual credit card just by using yours responsibly. “Debit cards are essentially plastic checks,”... Read More

4 Tips for Protecting Your Debit Card

Personal Finance

4 Tips for Protecting Your Debit Card

4 Tips for Protecting Your Debit Card

You may think you know all about debit cards, but they can be dangerous and leave you vulnerable to scammers. In fact, they may feel safer than credit cards since you are spending your existing money instead of borrowing. But if someone gets access to your debit card, they can get access to your checking account. And... Read More

What Happens If I Swipe My Debit Card as ‘Credit’?

Personal Finance

What Happens If I Swipe My Debit Card as ‘Credit’?

What Happens If I Swipe My Debit Card as ‘Credit’?

It’s a question we’ve all heard when shopping: “Credit or debit?” It seems straightforward, just the cashier asking you what type of payment card you’re using, but there’s actually a lot more history to that question than you might think. Debit and credit transactions are processed differently: Here’s how MasterCard explained it in an emailed... Read More

7 Times to Use a Debit Card Instead of a Credit Card

Managing Debt

7 Times to Use a Debit Card Instead of a Credit Card

7 Times to Use a Debit Card Instead of a Credit Card

Credit cards are renowned for their convenience and security, but they are not the best tool for every job. The biggest problem with credit cards is the fact that cardholders can easily use them to get them into debt, which results in costly interest charges. Other potential drawbacks of credit cards include the high fees charged to merchants and... Read More

4 Reasons Not to Use Your Debit Card at a Bar

Identity Theft

4 Reasons Not to Use Your Debit Card at a Bar

4 Reasons Not to Use Your Debit Card at a Bar

You’ve watched enough Tarantino to know you should only bring a knife to a gunfight if you’re Uma Thurman. Bringing a debit card to a bar is like the proverbial knife at a gunfight: a shoot-ready script for getting killed by the bill. Bar = party, but you don’t want to run up debt and... Read More

3 Parent-Friendly Debit Cards for Kids

Credit Cards

3 Parent-Friendly Debit Cards for Kids

3 Parent-Friendly Debit Cards for Kids

As children grow up, we expect them to take on more and more responsibilities before they become adults. For example, teenagers are often asked to purchase meals and pay their own way when going out with others. Although children cannot open their own credit card accounts until they are 18 (or can prove they have... Read More

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