Credit Card vs. Debit Card
 Advantages/Disadvantages

CREDIT CARDS

ADVANTAGES
Better Protection
Reports to the Credit Reporting Agencies
Money Float
Defer Payment
Rewards

DISADVANTAGES
Easy to Use and Incur Debt
Lake Payments can Damage Your Credit
Pay Interest on Unpaid Debt
Easy to Use by Thieves

Debit Cards

ADVANTAGES
Pay as You Go/Stay Out of Debt
Easy to Budget
PIN Number for Protection

DISADVANTAGES
Less Protection for Errors or Disputes
Money Not Returned until Investigations Completed
Short Timeframe to Inform Bank of Disputes
Does Not Report to the CRA’s or Help Build Credit
Can Be Charged Excessive Overdraft Fees
PIN Number can be Stolen