Shay, I am in the IT industry 31 years now. I started before PC's even existed

. In my view the degree is the better option.
But, let me also add, over time I have found all these qualifications to be smoke and mirrors, meaning, when companies hire IT staff, they do not care what qualification you have, they are only interested in can you do the job, or can you not.
The qualification and degree, helps you to get the job, but does not guarantee you you will be able to do the job.
I have seen many graduates that came in with huge chips on their shoulders, demanding huge pay and thinking they will be up and running and doing the job immediately. Take it from me, a rude awakening awaits you as to what you study, and how it is in the real world.
I have seen IT people with no qualification outperforming guys with degrees.
In my view it is depressing to have to study for 3 to 4 years, to get that degree and then only start your IT career. I have seen guys, with no qualification, started immediately, yes, got terrible pay, and had to do the dog work for years, but by the time the degree guys came in, these dudes had already 3/4 years experience, and they could outperform the degree guys easily.
With that I am not saying don't go study, all qualifications are good, and it is simple fact that most companies will simply throw your CV in the trashcan if you don't have a qualification, won't even consider you.
But, in the end, your question, if you are going to do the qualification, in my view the degree is the better route to go.
One last thing, I hope you are sure this is the career you want to do, as it is not for everybody, I have seen many who could not cope with this career and rather moved on to other careers. It is brutal if you or your parents paid for your studies for 3 or 4 years, and supporting you, and then you find out this is not the correct occupation for you. So be very very sure this is what you want to do. Don't get sucked in by it is a good paying job, yes it is, but, believe me, you pay back for the salary you receive.