Both debit and credit cards have their benefits and disadvantages depending on the personal spending habits and lifestyle of the cardholder.
Consumers face a choice when selecting which type of plastic card they want to use; a debit, credit or charge card.
Debit cards are growing in importance and are now used more frequently than credit cards by Australians, and this trend is likely to continue. Often they are seen as simply an alternative to other payment methods, such as cash from an ATM or cheques. However, some people do use a debit card as an alternative [...]
Debit cards are often seen as an alternative to credit cards. This is partially true, but there are some things that credit cards do that debit cards do not.
Many people have trouble getting credit cards, either because they have a poor credit record, they can not show a steady income, they are too young or they have recently moved to Australia. This could mean that they have trouble using credit cards and so find themselves reliant on cash and unable to purchase items [...]