Released: August 01, 2008

Weigh before you pay: Debit or credit?

Source: Kathy Chu, USA Today

Among the debates that tend to vex shoppers — paper bags vs. plastic, plasma TVs vs. LCD — there’s one standby: Credit or debit?

The decision isn’t a trivial one. When you shop, how you pay for your purchase can determine how much protection you’ll have should the merchandise prove defective, how quickly you’ll get your money back and whether you’ll be digging yourself out of debt years later.

Yet there’s no one right answer for everyone. If you have the discipline to pay off your purchases on time each month, consider using your credit card, because you generally get more protection against faulty merchandise and fraud.

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