Credit or Debit: Pick Your Plastic

Debit cards help you budget, but credit cards are more likely to protect you from life’s little disasters.

In the debate over whether debit or credit cards reign supreme, there may never be a tidy conclusion. Some financial experts champion credit cards as the best payment method, citing their superior rewards and benefits and heightened fraud protection. Others say debit cards are the way to go, especially for certain types of spenders. “Some folks just don’t do well with credit cards,” says Alan Moore, a certified financial planner with offices in Milwaukee, Wis., and Bozeman, Mont. “They lose track of their expenses and seem to always be in debt.”

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%
https://cdn.mos.cms.futurecdn.net/hwgJ7osrMtUWhk5koeVme7-200-80.png

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription


Why am I seeing this? Find out more here

Lisa Gerstner
Editor, Kiplinger Personal Finance magazine

Lisa has been the editor of Kiplinger Personal Finance since June 2023. Previously, she spent more than a decade reporting and writing for the magazine on a variety of topics, including credit, banking and retirement. She has shared her expertise as a guest on the Today Show, CNN, Fox, NPR, Cheddar and many other media outlets around the nation. Lisa graduated from Ball State University and received the school’s “Graduate of the Last Decade” award in 2014. A military spouse, she has moved around the U.S. and currently lives in the Philadelphia area with her husband and two sons.