When you are making purchase with your credit card, your card issuer is loaning you the amount of purchase upto your credit limit. Naturally you are expected to pay an interest on the amount you owe. When you are making a transaction with your debit you are actually taking the money from your own account. So debit cards are electronic form of checks. So you should check with your bank to see if it offers a debit card option.
Debit cards are a convenient, safe, and widely accepted alternative to cash and checks.
Back to Top My credit card has been lost or stolen. Notify the financial institution that issued the credit card. They will cancel the card. Even if you are not absolutely sure if the card is missing or you just misplaced it somewhere, it is good to cancel the card. You can always get new card within a week, usually without any additional charges.