Grace Period:

When you make a debit card purchase, your money is gone instantly but when you make a credit card purchase, your money remains in your checking account until a couple of weeks later when you pay your credit card bills. Hanging on to your money for this extra time can be helpful in two ways. First, if you pay your credit card from a high-interest checking account and earn interest on your money during the grace period, the extra interest will eventually add up to a meaningful amount. Second, when you always pay with a credit card, you don't have to watch your bank account balance.

Global Acceptance:

Certain purchases are difficult to make with a debit card, For E.g. - when you want to rent a car or stay in a hotel room, you will almost certainly have an easier time if you have a credit card. Rental car companies and hotels want customers to pay with credit cards because it can be easier to charge customers for any damage they cause to a room or a car.

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