Debit Card Arlington VA

Debit cards are a good choice if managing money and your credit is a problem in Arlington for you. Debit cards are linked to your checking account. You can use them as credit cards if they contain a Visa or MasterCard logo on them. They don’t incur annual fees or interest charges like a credit card does because they use the money in your checking account to make payments. With that said, are debit cards as good a choice as they seem?

Kleger Jeffrey A
(703) 527-1125
3444 Fairfax Dr
Arlington, VA
 
Arlington Credit Card Debt Consolidation
(703) 574-2478
3118 Washington Blvd
Arlington, VA
 
Bad Credit Removal Services Inc
(202) 775-6932
1875 I St Nw Ste 500
Washington, DC
 
Consumer Credit Counslor Inc
(202) 223-2973
1875 I St Nw Fl 5th
Washington, DC
 
Debt AIDS Trade Africia
(202) 639-8010
1400 I St Nw
Washington, DC
 
Levine & Associates
(703) 524-8500
4001 N 9th St
Arlington, VA
 
Ana M Cuitino's Law Office PC
(703) 243-4600
2300 Clarendon Blvd
Arlington, VA
 
Debt Advisory International
(202) 463-2188
1747 Pennsylvania Ave Nw Ste 450
Washington, DC
 
Consumer Cr Cnclng
(202) 637-4851
601 Pennsylvania Ave Nw
Washington, DC
 
Consumer Credit Research Foundation
(202) 393-0012
730 12th St Nw
Washington, DC
 

Debit Card

Debit cards are a good choice if managing money and your credit is a problem for you. Debit cards are linked to your checking account. You can use them as credit cards if they contain a Visa or MasterCard logo on them. They don’t incur annual fees or interest charges like a credit card does because they use the money in your checking account to make payments. With that said, are debit cards as good a choice as they seem?

Debit cards teach you to manage money if you had trouble in the past with credit cards. They come complete with a safety net because they are tied to a checking account with a set amount of funds. Checks and cash are being pushed out of the way in favor of the “new plastic”.

However there are some pitfalls that do exist. Since debit cards are tied to a checking account, you need to keep track of your checking account balance. Just as quickly as that money was deposited in your account it can disappear if you are not careful. The checking account can become overdrawn without ever bouncing a check. Remember ATM withdrawals and buying something with a debit card all reduce your checking account balance.

Debit cards are also subject to “blocking” just like a credit card. This means that some merchants can block off a set amount of money in the account until your transaction with them is processed. Case in point: using a debit card to pay for a $20 visit to the gas station, but the store blocks off $50 on the card. If the extra $30 was earmarked for something else, you will run into problems until that block is removed.

Debit cards are a good choice for you if you have experienced credit card problems in the past. They are very convenient but remember to use them wisely or you could run into trouble with your checking account balance.

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