Here’s the thing about the question, “Credit or debit?” — most of us don’t know the answer. Generally speaking if people have cash, they pay with debit. And if they don’t, they use credit and pay it off later.
Those are okay reasons but there’s more to credit than just increasing your spending power. Credit can offer protection and rewards when you use it wisely. Read this simple guide at Business Insider on when to use credit or debit. And make sure to check out our very own Kalpesh Kapadia’s advice on the matter below: