How does one choose between a credit card and a debit card?

The choice between a credit card and a debit card primarily depends on your financial habits and preferences. Here are a few points that can help you make a decision:

1. Spending habits: If you prefer to spend only the money that you have, a debit card is the better option for you. However, if you're comfortable spending money that you don't have and paying it back later, a credit card might be suitable.

2. Rewards and benefits: Credit cards offer reward points, cashback, and other benefits on purchases. If you're interested in availing these benefits, you may want to consider a credit card. Debit cards also offer rewards and cashback, but they may be lesser in value compared to credit cards.

3. Credit score: Using a credit card responsibly can help you build and maintain a good credit score. If you're looking to build your credit score, a credit card might be a good option. However, if you're worried about overspending or missing payments, a debit card may be a safer option.

4. Fees and charges: Credit cards often come with annual fees, late payment fees, interest charges, and other fees. Debit cards typically have lower or no fees. Before choosing a card, it's essential to read and compare the fees and charges.

Overall, it's important to choose a card that aligns with your financial habits and goals.