Amazing Alternatives To Credit Cards
Almost everyone nowadays has a credit card. Young adults tend to get excited having one because it seems so convenient. What they don’t know is that as time goes by, they get older and wiser, they will realize how it is actually not that great because it puts them into debt. If you ask a person if they want to be in debt, no one, not even a single person, would say yes.
Yet, almost everyone has a credit card. That is one of the disadvantages of having a credit card, it is basically encouraging people spend money they don’t have, at first it may seem like free money that you could just always pay for at the end of the month, but then once your bill comes, you will realize you don’t just have to pay for what you owe but for the interest as well, which can be very big.
The worst thing is that credit cards can be stolen, not just the card, but the receipts as well, even online, although it can be prevented, you just have to take extra good care of it. That is why we have come up with the greatest alternatives for people who don’t want to use a credit card.
This first one is actually a good alternative to credit cards because it doesn’t necessarily put you into that big of a debt. Simply because debit cards are connected to your account, where your money is, that would then make you spend the money that you already have, unlike with credit cards, it makes you want to spend money that you don’t have, which is basically like a temptation device.
A debit card is like using a credit card, but without interest charges, annual fees, and of course, debt. It has its own disadvantages just like everything else, especially when it comes to protection. When your debit card gets stolen, you could lose every penny you have in your account if you don’t report it right away. Debit cards are good for shopping since you wouldn’t overspend, but it is not technically good for paying to hotels or rental cars etc.
Well, of course, you wouldn’t want to forget that you could just always bring cash. Before there is any form of credit cards and debit cards, there is cash. With cash, you could pay for everything, without having to worry about spending money that you don’t have and of course, no debts for you that’s for sure. However, one of the reasons why there are credit cards and debit cards in the first place, carrying around cash can be a hassle, since it’s bulky, especially coins.
PREPAID DEBIT CARD
This type of debit card is actually pretty convenient as well because what you can do is to just load it with a certain amount of money whenever you think you will be needing it and just simply use it. However, there are also fees that go with it, like monthly account maintenance fees, transaction fees, and even ATM fees.
For the benefit of the doubt, charge cards are different from credit cards. This has been a misconception for the longest time. It is actually similar to credit cards, but they don’t have a pre-set spending limit, what it offers is that it would prevent you from overspending. For instance, you have been spending money too much compared to usual, the company would then contact you if everything is fine and they could also let you know about things you should know as well.
ONLINE PAYMENT/DIGITAL WALLET
Last but definitely not the least, is probably the most convenient way in this generation when it comes to money. Online payment is so convenient, that all you have to do is to connect your account to your preferred app on your smartphone, and you can pay for things through there. Same goes with digital wallets where it is literally a wallet in your phone, where you could add some money in. Since everyone has a smartphone these days, this has become very convenient for everyone.
More in Debt
The Cute Story of How Prince William Finally Got Serious About Kate Middleton
William and Kate Middleton, Duke and Duchess of Sussex may appear to be the perfect royal couple, but there was a...May 21, 2019
According to Oprah, Anybody can Relate to THIS Thing that Prince Harry Does
Those who have witnessed the late Princess Diana’s parenting techniques would remember how she tried her best to let her kids live...May 20, 2019
This is the Reason Why JLo is Not Planning Her Wedding Just Yet
Jennifer Lopez and Alex Rodriguez were engaged in March, but the pressure is on the singer-actress to set a date for the...May 17, 2019
Adele and Husband Simon Konecki Announce End of their Three-Year Marriage
After seven years of being together, Adele and husband Simon Konecki are calling it quits. Of these seven years, the couple had...May 16, 2019
Chrissy Teigen Talks about How She Teaches Her Kids to ‘Give Back’
Chrissy Teigen is very active on social media, which makes her an easy target for detractors, especially the ones who question her parenting...May 15, 2019
You Won’t Believe who Jennifer Lopez and Alex Rodriguez Went Out on a Double Date with
When you see Jennifer Lopez and Joanna Gaines together, your first thought would be that the latter is a great fan...May 14, 2019
Queen Elizabeth’s Gift to Kate Middleton on Her Wedding Anniversary is Like No Other
Parents-in-law normally do not usually give out presents to their daughters-in-law or sons-in-law during wedding anniversaries, especially when it’s not a...May 14, 2019
KJ Apa Talks About His Close Relationship with the Late Luke Perry, His TV Dad
Even though quite some time has passed since the death of 52-year-old actor Luke Perry due to a massive stroke in March...May 13, 2019
Scott Disick Hopes Sofie Richie Is Not Offended With His Comments About Kourtney Kardashian
If you watched the latest episode of Keeping Up with the Kardashians, you may have heard the bomb that was dropped...May 13, 2019