Debit cards are cards that are linked directly to your bank account and can be used to withdraw cash and do shopping
. Any money that you pay through a debit card automatically reduces your balance in the bank account with the amount spent.
Easy to carry
Debit cards work like cheque or cash. They are an easy alternative to carrying cash along with you. It is convenient to carry a debit card than to carry bundles of currency notes with you. When compared to cash, these cards are safer to carry as they have less chances of getting stolen. Even if they are stolen, you can get these cards blocked to avoid their misuse. Your money will be safe as the bank will block your card and not allow any payments to be made through it.
Easy payments
A debit card can be used to make payments through the internet and even over phone. All you have to do is to enter some important details that are given on your debit card and you can easily make a payment online or over phone. Shopping was not that easy before these cards came into existence. You can select the type of debit card that best suits your requirements. For instance, you can go in for a mastercard debit card or a visa debit card for your needs. These cards are accepted for payment at almost all places.
Overdraft facility
Prepaid debit cards allow you to make payments or withdrawals limited to the amount that you have in your bank account. However, if you require more money, you can easily refill the card over internet or phone and make payments. Moreover, you can also go in for a debit card with an overdraft facility. You can get a Mastercard debit card or Visa debit card with the facility to overdraw money for your urgent payments and that too at a low interest rate. Make sure that you enquire about the terms and conditions related to your card before you take one.