yes.. you have more than two choices. But you attacked me saying I didn’t understand those who choose to use a debt card (which pays them nothing back) instead of a credit card that gives you free money back for nothing.
If you want to make a different choice, I would ask what exactly that choice might be? Cash? that would be the same as a debt card. Paypal? Check? direct debit from a bank account? again, all of those are the same as a debt card basically.
Only a credit card pays YOU to use it. Assuming you are responsible enough not to spend more than you can pay off at the end of the month.
TIPS FOR KIDS
Credit Card, not debit, can create an excellent credit score history for kids as well.
An investment guy at our credit union showed my children a print-out of a the credit check record sheet. On that financial record, every on time payment has a * in column. Also, paid in full is recorded.
This is what creates a Credit Bureau high score for users. He told my kids that the amount of purchase monthly didn’t matter. He even told them “just to purchase a pack of gum with their credit card !” as they will earn the same asterisk * paid on-time & in-full despite the small or large amount spent!
My kids also took out a “secured loan” [at least $200 loan held “secured” by credit union within their savings that they would be unable to be spent until loan paid off!]
In this way, my teens were able to earn a excellent repayment history for their “thin” financial record!!