Debit Card vs. Credit Card: Which Card Should You Use
Explicit content warning
12/02/22 • 35 min
1 Listener
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’ 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!
LINKS
Investopedia - Debit vs. Credit Card
Bankrate.com - Which card is safer
Moneytransfers.com debt survey
Debt and Mental Health article
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.
Thanks to Shopify for sponsoring the show. Shopify is more than a store. Connect with your customers. Drive sales. Manage your day-to-day. Go to http://www.shopify.com/mymoney for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features.
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.
LEAVE US A REVIEW
Leave us an honest rating and review, pretty please. Head to the podcast player you’re listening to this episode in to leave us a review or you can click here to leave a review for Everyone's Talkin' Money podcast on Apple Podcasts.
Love this episode. Share it with a few friends so they can learn these valuable money concepts as well. Be sure to FOLLOW and SUBSCRIBE to never miss an episode!
GOT A QUESTION?
Have a Shannah Shares question? Submit your question here https://bit.ly/shannahshares
MORE MONEY TIPS
Follow Me on Instagram for more money tips and behind-the-scenes information https://www.instagram.com/shannahgame
FREE GUIDES + RESOURCES
- Download our FREE Top 25 Episode Guide
Download a FREE BONUS podcast episode 5 Minutes to Unlock a New Money Mindset
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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’ 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!
LINKS
Investopedia - Debit vs. Credit Card
Bankrate.com - Which card is safer
Moneytransfers.com debt survey
Debt and Mental Health article
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.
Thanks to Shopify for sponsoring the show. Shopify is more than a store. Connect with your customers. Drive sales. Manage your day-to-day. Go to http://www.shopify.com/mymoney for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features.
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.
LEAVE US A REVIEW
Leave us an honest rating and review, pretty please. Head to the podcast player you’re listening to this episode in to leave us a review or you can click here to leave a review for Everyone's Talkin' Money podcast on Apple Podcasts.
Love this episode. Share it with a few friends so they can learn these valuable money concepts as well. Be sure to FOLLOW and SUBSCRIBE to never miss an episode!
GOT A QUESTION?
Have a Shannah Shares question? Submit your question here https://bit.ly/shannahshares
MORE MONEY TIPS
Follow Me on Instagram for more money tips and behind-the-scenes information https://www.instagram.com/shannahgame
FREE GUIDES + RESOURCES
- Download our FREE Top 25 Episode Guide
Download a FREE BONUS podcast episode 5 Minutes to Unlock a New Money Mindset
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Previous Episode
How to Enjoy Sports Without Going Into Debt
Alright, who are my sports fans? There are few things we all love more than sports. Being in a crowd at a game or having friends over and rooting for your fav team is simply the best feeling. And if you’re a sports fan you know that sports can be downright budget-breaking. According to a Lendingtree.com survey, sports fans will shell out an average of $664 this fall and 33% may take on debt to do so. Our guest on this episode is Matt Shulz, chief credit analyst for LendingTree, and he’s here to break down how to enjoy sports without going into debt and if you’re a parent, how to afford the sports your kid wants to play. He’s even got a super cool credit card tip that you need to know if you are in debt. As Matt says, “there are few things we love more than sports and in good times and bad times, we’re willing to spend money on sports as an escape to bring us together. Nothing quite unites like the love of sports.” So here’s to loving sports but doing so while balancing your money goals. Let’s start talkin’.
LINKS
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 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.
Thanks to Shopify for sponsoring the show. Shopify is more than a store. Connect with your customers. Drive sales. Manage your day-to-day. Go to http://www.shopify.com/mymoney for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features.
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.
LEAVE US A REVIEW
Leave us an honest rating and review, pretty please. Head to the podcast player you’re listening to this episode in to leave us a review or you can click here to leave a review for Everyone's Talkin' Money podcast on Apple Podcasts.
Love this episode. Share it with a few friends so they can learn these valuable money concepts as well. Be sure to FOLLOW and SUBSCRIBE to never miss an episode!
GOT A QUESTION?
Have a Shannah Shares question? Submit your question here https://bit.ly/shannahshares
MORE MONEY TIPS
Follow Me on Instagram for more money tips and behind-the-scenes information https://www.instagram.com/shannahgame
FREE GUIDES + RESOURCES
- Download our FREE Top 25 Episode Guide
- Download a FREE BONUS podcast episode 5 Minutes to Unlock a New Money Mindset
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Next Episode
Inflation: How It Impacts You & How to Prep Your Money for 2023
Let’s talk about the elephant in the room - inflation. You hear about inflation everywhere and feel it every time you fill up your car at the gas station or pop into the store to buy some food. Inflation is currently around 7.7%, which is the highest it has been since the early 1980s, and it looks like it’s here to stay much longer than Pumpkin Spiced Lattes. You might be asking, who benefits from inflation and where’s my inflation relief? It’s not all bad though - higher inflation typically means higher interest rates on your savings accounts which will have your emergency fund singing hallelujah for a change. So I went to my fellow podcaster, Chris Browning, host of the award-winning short-form podcast Popcorn Finance to join us for a conversation all about inflation. This episode isn’t filled with boring stats, instead, Chris shares thought-provoking details like the psychology behind inflation, a deep dive into potential pros for inflation, and the exact steps you need to take to set your money up in 2023 to help combat inflation. Grab a beverage, sit back, and let’s start talkin’.
LINKS
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.
Thanks to Shopify for sponsoring the show. Shopify is more than a store. Connect with your customers. Drive sales. Manage your day-to-day. Go to http://www.shopify.com/mymoney for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features.
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.
LEAVE US A REVIEW
Leave us an honest rating and review, pretty please. Head to the podcast player you’re listening to this episode in to leave us a review or you can click here to leave a review for Everyone's Talkin' Money podcast on Apple Podcasts.
Love this episode. Share it with a few friends so they can learn these valuable money concepts as well. Be sure to FOLLOW and SUBSCRIBE to never miss an episode!
GOT A QUESTION?
Have a Shannah Shares question? Submit your question here https://bit.ly/shannahshares
MORE MONEY TIPS
Follow Me on Instagram for more money tips and behind-the-scenes information https://www.instagram.com/shannahgame
FREE GUIDES + RESOURCES
- Download our FREE Top 25 Episode Guide
- Download a FREE BONUS podcast episode 5 Minutes to Unlock a New Money Mindset
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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