{"id":4764,"date":"2021-08-31T08:18:32","date_gmt":"2021-08-31T08:18:32","guid":{"rendered":"https:\/\/polamfcu.com\/?p=3704"},"modified":"2021-08-31T08:18:32","modified_gmt":"2021-08-31T08:18:32","slug":"choosing-between-credit-and-debit-while-shopping","status":"publish","type":"post","link":"https:\/\/polamfcu.com\/pl\/blog\/choosing-between-credit-and-debit-while-shopping\/","title":{"rendered":"Choosing Between Credit and Debit While Shopping"},"content":{"rendered":"

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\u201cCredit or debit?\u201d If you\u2019re a regular card user when you shop, you\u2019re likely used to hearing this question at the register. But when it comes to your spending and your budget, which option is the right option? There\u2019s definitely a difference between the two choices and it\u2019s important to know which choice to make.<\/p>\n

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  1. What\u2019s the difference between credit and debit?\u00a0 <\/strong>Depending on which option you choose, your transaction will be processed a certain way. When you choose debit, the funds are immediately withdrawn from your account and sent over to the vendor. When you choose credit, it takes a little longer to complete because the vendor has to settle the funds with the credit union or credit card company. You\u2019ll see a hold on your account that is usually settled within two to three days.<\/li>\n<\/ol>\n

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    1. When is the best time to choose the \u2018debit\u2019 option?\u00a0 <\/strong>By choosing debit, you\u2019re required to enter a PIN. Because your money is withdrawn immediately, this option is similar to using cash.<\/li>\n<\/ol>\n