Do you use a Credit card or Debit card?

For some people, credit cards can present a serious problem when it comes to spending control. Students and young people are especially susceptible to this, as they can often have poor spending habits when they first head off to uni and gain a measure of freedom. In order to help people control their bad spending habits, banks are offering debit cards so that people can access their money using a card using Visa instead of the Eftpos.

The best thing about this a debit card is that you can set your spending limits. Customers are only able to spend as much money as they have in their bank account, so this can really help to suppress frivolous spending a great deal. Really this is a pre-credit approach to spending where the consumer only spends what they have instead of the “buy now and forever be in debt” model that so many of us now operate under.

Many banks offer Visa debit cards to their customers, including ANZ, BankWest, St. George and smaller regional building societies such as Newcastle Permanent.

Take for example the St. George Visa Debit Card, its accepted almost everywhere because Visa. It gives you the ability to make purchases everywhere that Visa is accepted, and this includes making internet purchases. Along those same lines, the card has special protections to make internet purchasing a little bit safer than it might have otherwise been.

One of the excellent aspects of this card is that it will take cash out of the equation for travelers. If you are going on a trip, you don’t want to be carrying lots of cash on your person. This can be dangerous and it is really unnecessary, given the fact that there are acceptable options at your disposal.

Lots of these debit cards have popped up recently, but that doesn’t mean that they are all the same. The St. George Visa Debit Card stands out from the crowd because of its wide spread access across the world. When you are working with the power of Visa, you can be reasonably sure that you are going to be able to get money out of an ATM or make an important purchase no matter where you find yourself. In addition, you will get 10 free email or text message alerts to keep you up to date on the important details that matter to your account.

What do you have in your pocket? Credit or Debit?

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