People often complain that the wealthy get all the perks and yet won’t do the simple things that wealthy people do to stay wealthy.

Debit cards are the banks friend. They provide no miles, no rewards, no cash back, almost no protection, and payment comes out of your account immediately.

Now juxtapose this with a good credit card where you can get cash back on every purchase, shopping rewards, or miles. In other words, you can make money by spending on the exact same things you would purchase with your debit card. Not only that, you get purchase protection not typically provided by the debt card and you can get a grace period of up to 60 days before you have to transfer the money out of your account interest free. Imagine that, using the banks money to make yourself money.

Many people will balk at some of the best rewards cards out there because of the high interest rates. However, if you are paying off the card, what do you care what the interest rate is?

If you are a responsible individual who pays off their credit card each month, you should not even be carrying a debt card. Get a good cash back or rewards credit card and start getting some of your money back.