Lately, I've been in the habit of swiping my debit card. I feel like it keeps me honest and I'll avoid incurring any credit card charges that might linger longer on my account. Still, there are those times when a credit transaction might just be the better option. Money Magazine gives us the breakdown on when to use debit and when your credit card is actually the savvy way to spend — take the quiz and see what you know.
Do You Know When to Go Debit or Credit?
Which is better for major purchases, like a home appliance?
Which offers the strongest protections on purchase disputes?
Which offers more customer rewards?
Which is the best option for purchases like gas, hotel rooms, and rental cars?
T or F: When you use a debit card for certain purchases, like gas, a merchant could put a freeze on your account for possibly more than you are actually spending?
Which has the potential for a higher security risk?