Accounting 101 : Credit and Debit

my dad told us the following over a dinner, which i find rather interesting.. so want to share with u all..

"aiyah.. wat so good about credit card? ppl always show off their credit card.. some will say, i have platinum card, i have gold card.. but so wat??

but i (the i here refer to my dad) prefer debit card! use debit card more 'seh'.. so wat if u can buy an expensive diamond necklace with credit card? ultimately, it is on credit, it is not fully yours until u pay your credit card bill.. the bank own the necklace till u pay the bill..

think again, if someone can buy an expensive necklace with debit card, it means tat the person have the actual amount of cash in the bank to pay for the necklace.. he dont need to own the bank first.. he can straight away own the necklace.. no need to take 'credit' from the bank..

so which is better credit card or debit card? of course is debit card lah.. if u can buy something with debit card, it means u have the money!!!"

well, the above is kinda true.. so next time u heard ppl arguing on whose credit card better, go and tell them u have debit card.. :)

hope u all can learn something from this!!! hhahahahah