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debit card pros and cons

Debit Card Pros and Cons

Debit card is the plastic payment card offered by the bank which is used instead of cash when doing some purchases. It is different from credit card as it uses money directly from your account. As debit card deducts money from your own account, you need to consider the pros and cons of debit card before issuing them. Let’s take a look at the pros and cons of debit card.

Debit card pros and cons

Pros of Debit Cards

  1. Convenient

You no longer have to keep cash when you have a debit card. You can easily do you purchase by taking out the debit card. There is no need to count the cash or write a paper check. Unlike credit card, the payment you do with your debit card is the money from your bank account so there is no need of paying the bill in the respective bank.

  1. Cash-back

The debit card is more even more convenient as it allows you to take out cash from the ATM of respective bank. This mean that you can take out cash whenever there is an emergency or else you have to do cash payments when you’re out and about.

  1. No debt

You won’t be able to go into debt when using a debit card. The limit of spending money depends on the balance available in your bank account. You card automatically stops to work when you run out of money unless you sign up for optional overdraft protection.

  1. Easy to obtain

The application process for credit card is very lengthy and also you need to have a credit check to ensure you are eligible. However, in case of debit card, bank offers a debit card linked to the account. There is no need of filling application or going through any sort of preliminary check.

Also Read: Chase Bank Pros and Cons

Cons of Debit Card

  1. No reward points

In case of credit card, there are different reward schemes for its customers. You can earn points to spend on travel and other purchases. However, cards do offer their own set of incentives, such as various travel insurances or other benefits but do not offer any reward points.

  1. More risky

There is a high risk when disputing a charge on your debit card as the money is transacted from your account. When you want to dispute a charge if any item is damaged, may refund it happily however some may not return your money back. So, it is better to check store and product reviews online before making a purchase.

  1. No improvement in credit score

There is no credit score feature in debit card whereas you can build up a credit score using a credit card. It can be earned by paying credit card bills on time. A high credit score is important if you need to borrow money which can’t be using a debit card.

Hence, these are few of the pros and cons of debit card. Debit card is an easier alternative of carrying money. You can go shopping, buy online, pay on the go and many more just like credit card. It has very less hassle and works when you have money balance. Compare the debit card pros and cons and decide if you want one for yourself.

GoDaddy Pros and Cons

GoDaddy Pros and Cons

GoDaddy is probably the best known domain registrar however, it is also largest web hosting provider whose services include web hosting, web security, online marketing, DIY website building tools, and professional email hosting. Though it is not a perfect choice for a user, the recent updates in GoDaddy’s web hosting plans has made their products and services worth consideration. Below are few pros and cons of GoDaddy that can help you to figure out if it is good for you or not.

GoDaddy Pros and Cons

Pros of GoDaddy

  1. Very affordable price

GoDaddy offers a number of discount very often, so for it is incredibly affordable for a customer to start and maintain a web presence. They offer the deal which allows the customer to register at only $0.99. Also, they offer many other coupons and discounts.

  1. GoDaddy supports different payment options

The payment that needs to be done when choosing GoDaddy as a hosting platform can be in any currency. A customer can use their current payment processors or any digital buttons from PayPal to do the payment.

  1. A solid reputation.

GoDaddy has earned a very strong reputation. It is famous provider of domain registration and web hosting services. Also, you can easily access your account by an easy-to-use dashboard and the customer service center if any problem occurs,

  1. Numerous bonuses available

GoDaddy offers numerous advertising credits for customers who create new accounts for domain registration. This bonuses includes $100 for Google AdWords, $50 for Bing or Facebook, and many other to increase traffic levels to your site.

Also Read: Amazon Prime Pros and Cons

Cons of GoDaddy

  1. Slow problem solving

GoDaddy is quick to install but if a problem occurs then to solve that, it may take up to 48 hour or long to receive a response to submit the trouble ticket. Also, the follow-up response takes more 48 hours and many weeks to solve that issue.

  1. Supports no live chat

Customers have a very less interaction with the customer service. To contact representatives, you must follow the ways which are not always convenient, which leads to user frustration more than anything.

  1. Restoration fees.

GoDaddy takes a restoration fee which is up to $300 whereas many companies do not take any fees. Thus, it increases a pressure on a person so that there are no mistakes in a site and it is exact the same as you want.

Hence, these are few of the pros and cons of GoDaddy. GoDaddy is a popular name in web hosting and domain registration. Be sure to follow up on the GoDaddy pros and cons if you plan on using its service.