Is It Safer to Use My Credit Card Rather Than My Debit Card?

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It is generally safer to use a debit card over a credit card so that you are not spending money that you don't have. Avoid having to pay interest on credit card purchases by using debit cards instead with advice from the owner of a debt settlement company in this free video on credit cards.

Part of the Video Series: Credit Card Debt Information
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Video Transcript

Hi, my name is Peter Repak. I'm the owner of Clear Financial LLC, a debt negotiation company. Is It Safer to Use My Credit Card Than My Debit Card? Short answer is, no! The long answer is this; the more you use your credit card, is the more money you use that you simply don't have. Using your debit card, what you're going to accomplish with that, you only use money that you actually have. So you're not going to go into debt. Using a credit card, when you use a credit card, you're going to pay interest on that credit card. That means you're going to pay back more money that what you actually spent. So if you have money on your debit card, use your debit card. Use it wisely, don't give it just to anyone. But, using a debit card rather than a credit card is much, much better, because just having excessive debt can have a negative impact on your credit. My name is Peter Repak. I'm the owner of Clear Financial LLC, a debt negotiation company. Thank you for watching.

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