Debit vs Credit (Video)

Which form of plastic makes more $ense for you?

For many consumers, debit cards and/or credit cards have become the choice for paying bills, buying groceries, purchasing clothes and other accessories, and for withdrawing money from their bank accounts. What many people don't consider is the high overdraft fees that are charged each time a debit card is used when there are insufficient funds in the account. Those fees can add up over time and make banking more expensive.

2006 was the fist year that saw debit card purchases top the 1 trillion dollar mark. When you head to the store, which kind of plastic is best for you...debit or credit? According to money reporter Stacy Johnson, it's a question of significant interest.

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