According to the Federal Reserve, credit and debit payments surpassed check payments last year. Between credit and debit transactions, debits have been gaining popularity.

A Reuters article states that for those with financial discipline, credit cards are the best option for every day purchases. The Citibank Dividend Platinum Select MasterCard is mentioned as a great deal for those who have the ability to pay their balance in full every month.

The card offers 5% cash back to the purchaser for supermarket, drug store, and gas station purchases, as 1% back on every thing else, up to $300 a year.

For those who use debit cards, according to the article, there is a risk of someone wiping out your entire checking balance before the owner notices the card is missing. Different banks offer different options for protection, so if this is an issue that concerns you, make sure you compare features before choosing a bank.

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