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Debit or credit?

Credit card backgroundThis was the question posed to me in a segment on Today this morning with Meredith Vieira. You might think these cards are one and the same – after all, it’s all plastic, and if you pay your credit card bill off every month, does it really make a difference? But the two payment options come with different rewards, different identity theft protections, and different psychological effects – credit cards can actually make you spend more.

Watch the segment below:

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