{"id":21115,"date":"2023-03-11T21:00:00","date_gmt":"2023-03-11T20:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/?p=21115"},"modified":"2023-03-07T11:17:39","modified_gmt":"2023-03-07T10:17:39","slug":"debit-credit-card-clear","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/debit-credit-card-clear\/","title":{"rendered":"Debit or credit card? It\u2019s clear!"},"content":{"rendered":"
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If you ask us at 11Onze which is better, debit or credit cards, there is no debate: debit cards. We explain why we should ban credit cards from our wallets.\u00a0<\/b><\/h3>\n

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What are the differences between the two? The first is that <\/span>debit cards are linked to the customer\u2019s account balance<\/b>, while credit cards are intended to operate with money lent by the financial institution. Thus, when you pay with a debit card, the amount is automatically deducted and, in fact, if you do not have enough money in your account, you will not be able to pay. This is why experts say that debit cards give you more control over your finances.<\/span><\/p>\n

On the other hand, when you pay <\/span>with a credit card, the financial institution is effectively lending you money that you will have to pay back<\/b> the following month or in instalments, with the interest set by the institution. This is why financial institutions make sure that only solvent customers can have a credit card. And, even then, they have a balance limit.<\/span><\/p>\n

In addition to the interest on spending, <\/span>credit cards have a higher cost than debit cards<\/b>, and they are usually paid in three different ways: at the end of the month, through a percentage each month or with a fixed fee that the entity establishes and that turns it into the so-called \u2018revolving\u2019 cards, which are not at all recommendable.\u00a0<\/span><\/p>\n

In fact, <\/span>there are many types of cards<\/b>: obviously, debit and credit cards, the most common; <\/span>virtual<\/span><\/a> cards, which can be both debit and credit, but do not exist in physical form and are very <\/span>secure<\/span><\/a>; the dangerous \u2018revolving\u2019 cards, the interest on which must be monitored, as we have said; prepaid cards, where you top up the balance as you wish; and those that allow you to accumulate points in certain shops, among others.<\/span><\/p>\n\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n

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