Becoming a Smart Consumer When Shopping Online
Online shopping can indeed be very fun. However, before making online transactions on international sites, there are several things to consider. One of them is choosing the payment method that suits you best. Among the available options, debit cards and credit cards are the most commonly used options. Both types of cards have their own advantages and disadvantages. We will discuss this further in the following article.
Debit Card: Advantages and Disadvantages
A debit card is a payment instrument that is directly connected to your bank account. By using a debit card, you can make transactions without having to borrow money from the bank. Another advantage of a debit card is that you don’t have to pay interest or administration fees like with a credit card.
However, there are also disadvantages to using a debit card. Some international sites may not accept payments via debit card. In addition, if an error occurs in the transaction process, the money is immediately deducted from your bank account and will take time to be returned.
Credit Cards: Pros and Cons
A credit card allows you to borrow money from a bank for a certain period of time. By using a credit card, you can buy more items than you could actually pay for with cash. Credit cards also provide many benefits, such as cashback and reward points, which you can exchange for attractive prizes.
However, credit cards also have disadvantages. In addition to the interest that must be paid if you do not pay your bill on time, credit cards also charge administration fees such as annual fees and late payment fees. If you are not careful, using a credit card can also put you in debt that is difficult to pay.
Conclusion
So, which is more suitable for online shopping on international sites, a debit card or a credit card? The answer depends on your needs and financial capabilities. If you want to avoid fees that must be paid, a debit card can be the right choice. However, if you want to get additional benefits such as cashback and reward points, and buy goods in installments, a credit card can be a better option. Before deciding, make sure to read the terms and conditions of each card and the site you visit, and make sure to manage your finances wisely. Happy shopping!