Debit Card Lindenhurst NY

Debit cards are a good choice if managing money and your credit is a problem in Lindenhurst 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

South Shore Credit Consulting
(631) 226-9116
208 N Wellwood Ave
Lindenhurst, NY
Scient Debtor In Possessions
(917) 368-8433
405 Lexington Ave
New York, NY
Debt Consolidation
(518) 463-3106

Albany, NY
Creative Credit Counseling
(718) 845-3330
15911 Linden Blvd
Jamaica, NY
Unhs
(315) 724-4197
1611 Genesee St
Utica, NY
Castiglia-Rubinstein Attorneys at Law
631-845-7222 Ext. 2010
445 Broadhollow Road
Melville, NY
South Shore Credit Consulting
(631) 226-9100
208 N Wellwood Ave
Lindenhurst, NY
1 2 3 Credit and Debt Counseling Service
(914) 664-2107

Mount Vernon, NY
United Auto Credit Corp
(518) 869-0297
5 Pine W Plz
Albany, NY
Ahern & Ahern
(631) 269-9500
1 Main St
Kings Park, 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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