Cash, debit card or credit card?

[Fan of Big Tone]

Which do you use when buying goods. I use debit card a lot but when possible I use credit card which gives me points and cash back. I have a direct debit set up to pay the full amount every month so that I don't have any interest payments.

I rarely use cash these days.

What's your preference?

[Dripsey3]

Debit card and cash. Cashback from my debit card so no need for a credit card. My debit card works in most countries as well.

[Feral Fox]

debit card and once cash. Don't use credit cards at all now.

[Cobby]

Credit Cards whenever possible, paying it off in full each month.

 

If it's a company I like, I might use the debit card as I understand they have lower costs for the company.  So for my Notts season ticket I'd put it on my debit card.

[Chris]

Debit card and cash, I don't deal in credit because the whole principle of the idea behind it is to allow people to overspend, with the idea of making further money from off the interest. You see people approach credit cards like 'It's my money' and 'Oh I'll just get it on the card'. If you have the money pay for it outright, don't apply interest to a purchase because you will soon find it's the banks money in which are using.

Obviously I am referring to the extreme cases but it's very common.

In fact come Christmas, I am sure I will hear more comments about purchasing presents via credit cards than I will people who have started early and paid with cash.

[Joshua]

I use cash but because of my age.

[Fan of Big Tone]

Debit card and cash, I don't deal in credit because the whole principle of the idea behind it is to allow people to overspend, with the idea of making further money from off the interest. You see people approach credit cards like 'It's my money' and 'Oh I'll just get it on the card'. If you have the money pay for it outright, don't apply interest to a purchase because you will soon find it's the banks money in which are using.

Obviously I am referring to the extreme cases but it's very common.

In fact come Christmas, I am sure I will hear more comments about purchasing presents via credit cards than I will people who have started early and paid with cash.

I agree credit cards can be very dangerous for people who have no self control on their spending but if you budget to pay off the amount in full it won't cost you a penny in fact if you get a cash back card they actually pay you for using it! Credit cards also have the benefit of insuring your purchases should something go wrong.

[Chris]

I agree credit cards can be very dangerous for people who have no self control on their spending but if you budget to pay off the amount in full it won't cost you a penny in fact if you get a cash back card they actually pay you for using it! Credit cards also have the benefit of insuring your purchases should something go wrong.

You get the same benefits with debit cards, provided it's a card which pays for the purchase you have the proof to back up your problems.

The worst case is paying for electrical items via cash and losing the receipt.

[Countyman]

Debit card for the simple reason as even Martin Lewis recommends its use, not just @notts-joe LOL

[Fan of Big Tone]

You get the same benefits with debit cards, provided it's a card which pays for the purchase you have the proof to back up your problems.

The worst case is paying for electrical items via cash and losing the receipt.

No you don't @notts-joe, if you make a large purchase (say a TV) with a credit card and the company goes bust the bank will reimburse you but not if it's a debit card. Likewise you have more protection with a credit card if goods are faulty, you will be reimbursed by the bank.

We had a problem with some bunk beds which were damaged when they were delivered, the company refused to take them back but luckily we had bought them with a credit card so we contacted them and we were reimbursed, I think it's section 75 of the sale of goods act.

[Countyman]

People with debit cards, just read this!

https://www.citizensadvice.org.uk/consumer/different-ways-of-buying/buying-goods-and-services-on-credit-or-by-debit-card/extra-protection-when-you-buy-on-credit-or-debit-card/extra-protection-when-you-buy-with-a-debit-card/

[Fan of Big Tone]

People with debit cards, just read this!

https://www.citizensadvice.org.uk/consumer/different-ways-of-buying/buying-goods-and-services-on-credit-or-by-debit-card/extra-protection-when-you-buy-on-credit-or-debit-card/extra-protection-when-you-buy-with-a-debit-card/

Thanks for that @Countyman here is a link about buying things with credit card and the extra protection you get.

https://www.citizensadvice.org.uk/consumer/different-ways-of-buying/buying-goods-and-services-on-credit-or-by-debit-card/extra-protection-when-you-buy-on-credit-or-debit-card/extra-protection-when-you-buy-with-a-credit-card/

[liampie]

no comment from me, i think putting into plastic is daft. i cant wait for paypal to become so widely accepted, so i can just use that when i go out.

i buy everything online anyway, you are protected better that way.

[upthepies]

Credit card but also debit, as I find I use that more.

[AmericanPie]

I try not to use my credit card, as it does encourage spending and I am wary but it is so easy to use. Also, I only shop at reputable stores so I don't worry about returns etc.