Credit or Debit Card? Ultimate guide

Credit or Debit Card? Ultimate guide

May 14, 2018 by Ohood Awayes

Financial technology has come a long way in the last few years. What used to be a hard procedure that required waiting a long queue at the bank is now an easy task that requires merely five minutes of your time, thanks to the option to pay with your debit and/or credit card. Although credit and debit cards have been there for a while now, there are many people who avoid using one due to the stories of people who misused a credit card and ended up with a huge pile of debt over their shoulders. Therefore, we took it upon ourselves to explain the concept of credit and debit cards and the right way to use them.  

Debit Cards


To put it simply, you can consider your debit card as a magical card that has all the cash you have in your bank account stored in one thin card. This means that whenever you use this card at the mall to pay for your items, the payment gets deducted from your account. Besides saving the time of counting your coins and banknotes or looking for a place where you can get change for your 50 JD, you can also sometimes use your debit card to make a payment online!  

Credit Cards


While debit cards had many people’s blessings, credit cards have been quite unwelcome since their onset. Why? A credit card allows you to borrow an amount of money that you can pay back later. However, later means within a specific period of time, after which you will have to start paying an interest rate determined by the card issuing bank. This is where many people stop thinking wisely and eventually get dragged into an accumulating pile of debts.  

Debit Cards vs. Credit Cards


  1. When you use your debit card, you’re paying from your money. But using a credit card means borrowing money.
  2. A debit card comes along with your bank account. You can get your credit card along with your bank account by requesting the bank to do the same. You can also buy a credit card from other banks without having to open an account that the salary is transferred to (a credit card without salary transfer).
  3. You can use your credit card to pay for any item online, while some websites do not accept debit cards for specific items, especially when an installment plan is underway.
  4. Based on the card-issuing bank, your credit card has more benefits and rewards than you can count. When the card is used wisely, such benefits can be availed just as easy!

So, how can you make the best out of your Credit Card without getting into debt?


There is a wide variety of options to choose from when it comes to getting a credit card. If you are overwhelmed, check http://amwalcom.com/ar/credit-cards to learn which credit card available in Jordan suits you best. Needless to say, it is your job to act in a responsible and smart way whenever you get to use the card in order to stay out of debt!

Last but not least, it is important to realize that no matter how useful you find debit and credit cards, they still have their disadvantages. You are the one who decides which category you want to discover, the upside or the downside. The only tip we can leave you with for now is to thoroughly read the product details that come along the card and understand the terms and conditions in order to use it smartly and stay away from debt!

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