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Debit Cards vs. Credit Cards — Which is Better?

by Alexander Malygin

3 min read

Bank plastic cards have come into use for a long time. Today they are a popular means of payment, gradually replacing cash. The main types are Debit and Credit cards. Both might seem to work the same when you’re at the register, but what comes after means two totally different things for you and your bank account.

In order to determine which one better solves certain problems, you need to understand the specifics of each of these products and the difference between them. Let’s do a deep dive into the Debit vs. Credit struggle and see who would emerge victoriously.

Why should I care?

People often use several cards at once, some of which are debit, others are credit. Each of them can have its own balance and terms of use. Spending money from one card can be beneficial, while writing off the other can bring additional costs, such as commission fees and interest. One should carefully consider which card and in which situation to pay with to avoid these misunderstandings.

Debit card

A debit card is a plastic payment instrument that uses your own money (pulled directly from your bank account) used for non-cash payments and savings. The card allows clients to spend funds only within the amount available in their bank account.

Credit card

A credit card is a plastic payment instrument that borrows money from a lender to cover a purchase, instead of using your own money. After a certain period, the borrower will have to pay that money back to the lender (bank). Otherwise, he’ll get hit with interest, late fees, and credit card debt.


Before we figure out how a debit bank card differs from a credit card, let’s find out what they have in common. The main thing is that both cards are payment instruments, meaning you can pay for goods and services, top-up, and withdraw from ATM terminals, make payments through a mobile application or Internet bank. In both cases, banks can provide special bonuses when you can get cash back, miles, and other privileges for making purchases with your card.


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It is also worth mentioning that there are different types of credit and debit cards out there. Depending on your country and bank, you might get special offers and terms of use. These circumstances and general financial policy may add additional differences between debit and credit cards.

Debit vs. Credit: What to choose?

Are you trying to get a loan? Do you want to get a line of credit in case of an emergency? A credit card can help with this. Do you need easy access to your checking account? Want to pay your bills online? A debit card is probably enough.

Debit and credit cards are everywhere today. However, it is worth understanding why you need this or that type of card. If you do not have a clear strategy for using a credit card, it is wiser to choose a debit card.

In a system built to make you owe more, using a debit card is a great way to take back control. Just make purchases by swiping your debit card. No delayed payments, no accumulating debts. No “90 days” with hidden terms. With a debit card, you can buy whatever you need and avoid unnecessary risks.

Whatever your choice is, Finscanner is ready to support you anyways. The Finscanner marketplace provides up-to-date access to worldwide financial products and services. Find the right solution already today!

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