Debit Card vs. Credit Card: Which Card When

Debit Card vs. Credit Card

Debit card vs. credit card, which card should you use when? It may feel like plastic is plastic, but when it comes to your money, there are some distinct differences between a debit card vs. a credit card. In this Shannah Shares episode, I’m talkin’ about when you use which card, how to maximize your benefits, and some key distinct differences.

This episode was inspired by a question from Marcus who wrote: Shannah, thanks for the show. I’m learning a lot and enjoying actually hearing about money every week. Your guests are rad, so thanks for that. I got into this debate with my fiance the other night about credit cards vs. debit cards and at the end of the debate, we both realized that we really didn’t know when we should use each card. I thought I would come straight to you and see if you can help us figure it out. I currently have 2 credit cards and one debit card but I never know which one to pull out for day-to-day purchases and then for big purchases. Thank you again!

EPISODE LINKS

Investopedia – Debit vs. Credit Card

Bankrate.com – Which card is safer

Moneytransfers.com debt survey

Debt and Mental Health article

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SPONSORS

  • Thanks to Ka’Chava for sponsoring the show. Ka’Chava is offering 10% OFF for a limited time at Kachava.com/mymoney.
  • Thanks to Masterworks for sponsoring the show. To get priority access go to masterworks.art/mymoney. 
  • Thanks to Chime for sponsoring the show. Get started with Chime today. Applying for a free account takes less than 2 minutes. Get started at chime.com/mymoney.
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  • This episode is sponsored by/brought to you by BetterHelp. Give online therapy a try at betterhelp.com/mymoney and get on your way to being your best self.
  • This episode is sponsored by Planet Money. Listen now to Planet Money from NPR — wherever you get your podcasts.

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GOT A QUESTION?

Have a Shannah Shares question? Submit your question here https://bit.ly/shannahshares

MORE MONEY TIPS

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FREE GUIDES + RESOURCES

FAV MONEY APPS + TOOLS

Favorite budgeting apps – You Need a Budget & Monarch

Best High Yield Savings –  Marcus & Ally Bank

Favorite online bank account – Chime

Best climate-conscious online savings & bank account – Aspiration

Best Business bank account – Novo 

Personal loans – Upstart 

Affordable Life Insurance – Ladder
DISCLAIMER: This podcast and money content are for educational purposes only. Always consult with your financial advisors prior to making money decisions. Please do your own research to figure out whether a financial product, tip or suggestion will work for your money goals. You can find a Certified Financial Planner in your area here.

Any product or financial recommendations provided by Everyone’s Talkin’ Money and Shannah Game are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

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