Why credit may be the best way to pay

When it comes to protection for your purchases, credit is king. There’s no need to rack up debt, though. My trick? Record the purchase in your checkbook or whatever record-keeping tool you use to track your checking account balance. Stop spending before you’d “overdraw,” and then transfer over the balance owed each month. For more reasons to pick credit versus debit or prepaid, watch the video below or on CNBC.com.