Debt Consolidation Credit Counseling In Phoenix

Debit cards in recent years have become a must have accessory for every modern day being. Not owning one is like living in the past where every purchase is tedious and painstakingly handled through a check book. These days, its just a swipe and pin number/ signature away and off you go with your next schedule of the day. In case you are still pondering whether or not to own a debit card, I have listed several reasons below to help you decide.

1. Ever experience stranded in the middle of nowhere with no cash at hand to even buy food? Having a debit card gives you the power to purchase anything almost everywhere. These days, every fast food outlet and takeaway places in town have the convenience of debit card payment. All you have to do is order your meal then swipe your plastic and off you go. You could even withdraw some cash at the same time just so that you dont get into the same predicament with an empty wallet again. Now this is something that credit card cant do. Most places even charge extra or demands you purchase a particular amount before letting you charge on credit.

2. No delays in transaction details. Unlike credit cards, most debit card transaction turns up immediately the day after your purchase. These days, you can easily check your transaction details from your online account. This will allow you to keep a closer track of your spending and potentially helping you to manage your financials.

3. Debit card cuts down on unplanned purchases as you can only afford to buy as much as you have in your account. It helps control your spending habit because it deducts the amount directly from your account. Unlike credit card, you dont get to buy now, pay later which most of the time translates to buy now, regret later.

4. You dont even need a bank account these days to own a debit card. A prepaid debit card allows you to pay as you go. (Yes, just like those phone cards!). You top up your card with a certain amount and you use it whenever you want. So now you dont even have to worry about emptying your bank account as you can easily assign a certain amount to spend. These days, debit cards are also internationally recognise and accepted as major brands like Visa and MasterCard have started offering debit cards as well.

5. Owning a debit card helps you to live within your means especially when you are the type of person that struggles to pay your credit card debt every month. With debit card, you only spend what you have. There are no major fees involved and certainly no interest repayments therefore your debt will not compound to a horrendous figure like what most credit cards do.

Debit cards are becoming a popular choice for most people nowadays due to its convenience of purchase. Before you run off to apply for a debit card, make sure you conduct a thorough research on the plethora of debit cards around. Different cards have their perks and letdowns so remember to always read the fine prints before signing on the dotted line.