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When to Use Your Credit Card

Do You Know When to Go Debit or Credit?

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?

Join The Conversation
skigurl skigurl 7 years
I got one wrong but i went against my better judgment on it. We don't necessarily have this same problem in canada. I find the US system a little wonky. For me, I use my credit card almost always except small purchases like lunch. Then I pay it all off at the end of the month. But we don't use the same card for credit/debit so it's never a question I'm asked, EXCEPT when I shop in the States.
Happsmjc Happsmjc 7 years
i use my debit card, but AS credit. never as debit. so i still always have the money, but it is so much better (even when using your debit card) to swipe as credit.
onlysourcherry onlysourcherry 7 years
The only time I've ever used my debit card for purchases was after I lost my credit card and was waiting for a new one. But I have my bills paid automatically every month so debt isn't an issue for me.
SFCA SFCA 7 years
6/6 but debit is just so easy...
pharm_chick pharm_chick 7 years
haha 6/6. ive got a problem with using debit cards alot too.. its just like using cash, without actually carrying cash. but i know its not safe to use everywhere, so i try to keep cash on me as much as possible to avoid fraud and all that
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