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![Why Credit Cards Are Preferred Over Debit Cards](https://fortunetelleroracle.com/public/index.php/upload/media/posts/2022-10/21/why-credit-cards-are-preferred-over-debit-cards_1666353970-b.jpg)
There are numerous reasons why credit cards are preferred over debit cards. With Swipe4Free, processing credit and debit cards are much more affordable.
Why Credit Cards Are Preferred Over Debit Cards
Credit and debit cards have been in individuals’ wallets and pocketbooks for decades, but the former mode of payment is older than the latter. With a credit card, an individual can make a purchase using the card issuer’s money. The cardholder will have to pay this money back within 15 to 45 days, or else they’ll start paying interest on the outstanding balance.
A debit card, on the other hand, is linked to a bank account. When one spends with a debit card, the amount spent is immediately deducted from their bank account. While both modes of payment are effective and useful, credit cards reign superior.