Quoth the Drook (a while ago):
Yes, a debit card actually isn't exactly a "prepaid credit card"; it's a credit-less -- and therefore by necessity "an always-backed credit card": You don't have to pre-pay all the month's purchases, just make sure you have the funds in your account as and when the purchases occur. But the difference is so infinitesimal it's just quibbling.
(Which actually means I should be using my CC, not my DC, all the time. YTF aren't I? Dang my parents and the stupid Puritan way they brought me up!)
So are you saying given the choice between a credit card and a debit card you'd prefer the cc? That only (maybe) makes sense if you assume you'll pay it off every month.To use a debit card you have to have the funds in your account. If you have the funds in your account, you can just as well use them to pay off the credit card in full. The only difference is, you get a month (or a month and a half) of free credit... So, what's not to like?
Yes, a debit card actually isn't exactly a "prepaid credit card"; it's a credit-less -- and therefore by necessity "an always-backed credit card": You don't have to pre-pay all the month's purchases, just make sure you have the funds in your account as and when the purchases occur. But the difference is so infinitesimal it's just quibbling.
(Which actually means I should be using my CC, not my DC, all the time. YTF aren't I? Dang my parents and the stupid Puritan way they brought me up!)