Good Lifestyle

Having a debit card in your wallet is a major convenience. Small pieces of plastic can safely replace bundles in cash while avoiding some of the risks or excessive expenditure costs associated with a credit card . But just because technology has facilitated sliding in more places than ever, they don't necessarily mean that they are always the best option. Read the rest for the times when using your debit card will cost you more, according to financial experts.

Read this then: Never use automatically for these 6 invoices, according to financial experts .

Even if you have a budget, spending money on necessities is always a reality. This is why experts say that you should be sure that you see the advantages of money using the right payment to recover something potentially. AE0FCC31AE342FD3A1346EBB1F342FCB

"The use of a debit card on a credit card to pay a purchase could make you fail to win precious awards in the form of cashback, points or aerial miles", " General public Andrea Woroch recount Better life . "Review your spending habits to determine where you spend the most and find a credit card that gives you more rewards for this category to maximize your gain potential."

One of the advantages of using a debit card on a credit card is that you can avoid excessive expenses. But although this is true for long -term budgeting, you can also go to pay much more if you slip while you are little funds.

"When you spend more than you have in an account, the bank can charge overdraft costs, ranging from a few dollars to dozens of dollars," warns Riley Adams ,, Founder and CEO from WealthUp.com. "Make a few purchases that exceed your affiliate account and this could lead to hundreds of dollars in expensive costs."

Fortunately, there is a relatively easy way to avoid this situation.

"Take the habit of regularly checking the balance of your current account and spending money savings money before starting expenses," said Courtney Alev , financial defender of consumers to Credit karma . "You can also withdraw from any discovery protection that your bank puts on your account so that your card is refused if you do not have enough money to make a purchase."

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Executing your debit card during a purchase is undoubtedly a convenience for the customer. But for the company that accepts your payment, it means that they can make less sale when you slip or type.

"Small retailers, public service companies and other companies may charge processing or convenience costs when paying with flow rather than cash or checks," explains Woroch.

Before agreeing to eat the additional cost, review the potential costs before paying to decide if it is worth it. "Otherwise, find an automatic counter nearby which is associated with your bank or which appears in a large pharmacy or a grocery store to request a money back to save," she suggests.

At its nominal value, the use of your debit card and your credit card can be practically identical. But in the same way as the loss of money in your wallet, your debit card often has relatively limited protections compared to credit cards - which means that you may be in the catch for purchases that you do not ' didn't even have done.

"If you report your missing debit card before unauthorized costs are made, you are not responsible for unauthorized transactions," explains ALEV. "But, if you point out that it has lost or stolen within two working days of loss of loss or theft, your maximum financial loss is the least of $ 50 or the total amount of unauthorized transfers", adding that If you wait even longer, you could be responsible for $ 500 or more.

And when it comes to expensive purchases TO DO Make, you can miss the additional guarantees or other advantages by sliding the bad card. "Many credit cards offer additional consumer protections such as the protection of purchases that you probably do not get from a debit card," she said

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Balayage to spend outside the United States has the immediate advantage of avoiding costly currency exchanges. However, using the wrong type of card could remove your travel budget faster.

"Certain debit card transactions will lead to transaction costs or foreign transaction costs to use it abroad," explains Adams. "Likewise, trying to withdraw money from an automatic counter abroad could also obtain high costs."

Instead, Adams suggests using credit cards that do not charge foreign transaction costs. "And in addition to saving money, they are safer from fraud and theft," he adds.

Best Life offers the most recent financial information of high -level experts and latest news and research, but our content is not supposed to replace professional advice. Regarding the money you spend, save or invest, always consult your financial advisor directly.