Originally Posted by ted1
If people are paying it off each month just stick with a debit card.,,,
I have a credit that I pay off each month. I use the credit more as I get cash back on KBC (1%). There are many benefits of using credit and paying in full than just using debit.
This is s niche use but if it’s a week from pay day and an appliance ****s the bed, do I wait for a week without a washing machine? No I lash it on the credit card and then pay off next month (this assumes I don’t have a rainy day fund to dip into which I do but most don’t).
My brother banks with BOI, they charge 20c for debit transaction, but free on BOI credit he spends on credit and pays off monthly with his debit. Whilst it’s not exactly the best it’s a way.
Also with credit you can buy something with purchase protection, buy something online with a debit card, the money goes right away before you get said item, if your debit card number gets compromised then you’re ****e out of luck, if your credit card gets compromised you’re pretty much covered.
Revolut/N26 are great and have their advantages (I.e. my Revolut is great abroad) but I feel like they can’t replace a traditional credit card. I think it’s crazy people using the premium cards from Revolut/N26 for the guts of €9.99 a month and actually getting zero or close to zero in return.