While some Australians still rely on cash for everyday purchases, bank cards are a much more common form of payment. There are a number of different types of cards available, including debit cards. But what’s the difference between a debit card and a credit card? And can you use a debit card when shopping online or paying bills?
When it comes to your wallet, it's easy for all of the cards to start to blend together. If you've got yourself a debit card, you might start to wonder what makes credit cards different, and whether you need one or the other - or both!
We tend to hear talk about debit cards and EFTPOS used interchangeably, but it’s important to know what each term actually means (and that you’ve got the right one in your wallet).
Most of us use debit cards on a daily basis. They even seem to be becoming the norm over physical cash, with the takeaway shop lady reaching for the eftpos machine before she even asks me how I’d prefer to pay.
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Picture this: you’re out to grab a few groceries - you pick up your milk, bread, veggies and a sneaky chocolate bar - and head over to the counter. How are you going to pay?
Stay on top of the fast-paced debit card game with breaking news from the finance geeks you trust.
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