Debit Card Centereach NY

Debit cards are a good choice if managing money and your credit is a problem in Centereach for you. Debit cards are linked to your checking account. You can use them as credit cards if they contain a Visa or MasterCard logo on them. They don’t incur annual fees or interest charges like a credit card does because they use the money in your checking account to make payments. With that said, are debit cards as good a choice as they seem?

Local Companies

Mlc Debt Management Inc
(631) 396-2213
734 Walt Whitman Rd Ste 308
Melville, NY
Credit & Debt Counseling
(718) 731-1709
1775 Grand Concourse
Bronx, NY
Debt Consolidation
(914) 723-2015

Scarsdale, NY
American Credit Alliance
(516) 752-2272
137 E 56th St
New York, NY
Consumer Credit Counseling Service of Southern New York
(718) 261-3888

Flushing, NY
Castiglia-Rubinstein Attorneys at Law
631-845-7222 Ext. 2010
445 Broadhollow Road
Melville, NY
Cambridge Credit Corp
(631) 673-4900
3001 Expressway Dr S
Hauppauge, NY
Debt Reduction Services of New York
(631) 727-4540

Riverhead, NY
Weber John
(718) 833-3880
9412 4th Ave
Brooklyn, NY
Debt Consolidation
(914) 235-1708

New Rochelle, NY

Debit cards are a good choice if managing money and your credit is a problem for you. Debit cards are linked to your checking account. You can use them as credit cards if they contain a Visa or MasterCard logo on them. They don’t incur annual fees or interest charges like a credit card does because they use the money in your checking account to make payments. With that said, are debit cards as good a choice as they seem?

Debit cards teach you to manage money if you had trouble in the past with credit cards. They come complete with a safety net because they are tied to a checking account with a set amount of funds. Checks and cash are being pushed out of the way in favor of the “new plastic”.

However there are some pitfalls that do exist. Since debit cards are tied to a checking account, you need to keep track of your checking account balance. Just as quickly as that money was deposited in your account it can disappear if you are not careful. The checking account can become overdrawn without ever bouncing a check. Remember ATM withdrawals and buying something with a debit card all reduce your checking account balance.

Debit cards are also subject to “blocking” just like a credit card. This means that some merchants can block off a set amount of money in the account until your transaction with them is processed. Case in point: using a debit card to pay for a $20 visit to the gas station, but the store blocks off $50 on the card. If the extra $30 was earmarked for something else, you will run into problems until that block is removed.

Debit cards are a good choice for you if you have experienced credit card problems in the past. They are very convenient but remember to use them wisely or you could run into trouble with your checking account balance.

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