If you listen to personal finance experts, you might hear conflicting advice when it comes to using credit cards or debit cards. Dave Ramsey thinks credit cards are evil, and the cause of all financial pain. Countless others will espouse the value of rewards or warn you never to use debit cards online or at gas stations because of the security risks.
We created Debitize to finally answer the question whether you should use debit or credit. In our first few blog posts, we touched on how to improve your credit, and why credit cards are good for you – but we haven’t yet explained to our blog readers what exactly Debitize is, and why we started it. So let’s take a closer look at the actual differences between credit and debit: