More and more people are choosing to store money electronically. A plastic card is used for this. Varieties of such banking products are offered by all banking institutions. What is a debit card and what are its features? We will consider this topic further.
We reveal the concept of a debit card
A debit card is a type of banking product that allows you to use your own money at your discretion. A distinctive feature of this option of storing electronic finance compared to a credit card is, in most cases, the inability to receive additional financing in the form of bank funds.
What are you for?
A debit card reveals additional opportunities for a person. With this banking product you can successfully:
- Borrow finances online immediately after placing an order.
- Refill debit with your credit card.
- Link to online payments over the Internet.
- Accumulate finances and get interest for it.
- Use for investment.
- Organize the withdrawal of cryptocurrency, money transfers, payment of bills.
Features of the use of such a banking product
A debit card has several varieties of variations. Depending on the purpose of use, the client can choose a debit:
- Instant. It can be received by mail.
- International. It can be used abroad. These are types of Visa, MasterCard, American Express cards.
- Local type of payment. Allows you to carry out financial transactions in the domestic space.
- Standard, with a magnetic strip. It should be immediately noted that this method of protection is quite unreliable, given the level of professionalism of modern scammers.
- With the presence of a chip. This feature is necessary to further protect the card from scammers.
- Type Paypass. It is used for instant payment without the need to enter a PIN code.
- Overdraft. It makes it possible to use the card, even if there is debt.
- Cumulative. A card with a function for calculating interest on an amount that remains unspent.
- Free debit card, which is not always the most profitable.
When is it profitable to issue a debit
Making a debit card will be needed for a number of good reasons:
- If the client wants to use electronic money, but does not want to get a credit card and get into debt.
- To keep finances not in a wallet, but on a plastic card in electronic form.
- For convenient cashless payments, when you need to pay for goods and services via the Internet.
- To use your funds abroad.
- To charge social payments and other systematic payments to the card.
Each banking organization offers benefits to attract customers. It is important to look at offers from several of these institutions to get the most out of it.
Tips for choosing a bank by experienced customer reviews
It is important for a practical client to get an opportunity to use a bank debit card without paying for its services. The convenience of plastic cards is highly appreciated by users, which is repeatedly noted in reviews on various forums. Bank customers share their impressions and give recommendations to beginners. The following suggestions will help you make the right choice:
- You need to make sure that the financial condition of the bank is at a high level. There is no financial institution that is 100% bankruptcy protected.
- Turning to the bank, carefully listen to the terms and conditions. Do not rejoice when everything is extremely simple and profitable. There may be pitfalls. Consider the state in which the assets of the bank, and which have a level of net income.
- Carefully study what experienced customers say about a financial institution in reviews. You can consult with friends who have committed a similar deal.
- Find out if the bank has a deposit insurance system. If he is one of such organizations, then even in the event of bankruptcy, you can count on compensation.
- Consult with a bank specialist, let him advise the best option for you. Choosing a debit with a chip will ensure reliability even in the event of a card falling into the hands of fraudsters.
- Learn what conditions the bank offers. It is important that you can connect a mobile application, the department had polite and friendly representatives, and a sufficient number of ATMs around the city.
To select a financial institution, we offer an overview of the three most popular banks.
Tinkoff
Tinkoff debit card is a product from a banking institution offering services directly online. So you do not need to waste time going to the bank branch. Perform all operations over the Internet. After filling out the application and obtaining consent, the card will be delivered to the address indicated by the client by the courier of the bank.
On what basic conditions can I get a debit:
- Interest may accrue up to 7% per annum if funds remain on the card.
- For cashless payments with banks that have entered into a partnership agreement with Tinkoff, there is the possibility of a refund of finances.
- Card may be issued free of charge.
- Cashback returns are offered in the amount of 1 - 5%, which depends on which category.
Sberbank
Sberbank debit card is an opportunity to cooperate with the largest financial institution, which is the leader in our country. Developed conditions for comfortable service. The bank's product line consists of 10 varieties of debits, which differ depending on status and conditions. Of particular note is the Visa Platinum Card, which offers great features.
Successful registration and active use of a debit card allows you to benefit from free service. The conditions for this are simple: the size of the monthly amount of financial transactions must exceed 30,000 rubles.
VTB
The VTB debit card is several types of plastic for different categories of customers. This bank takes the second place among the financial organizations of our country. Among the thousands of offers from this structure, one of the most popular is the provision of a debit card.
The most common types of plastic:
- A simple card of the same name type, with the MasterCard service system. Its maintenance will cost 150 rubles annually. Such a debit does not have many features, but they are enough for the average user. Up to one hundred thousand rubles can be withdrawn daily, no more than six hundred thousand rubles each month. Such plastic is serviced only in our country, not designed for foreign operations.
- A standard-type MasterCard type card has an average optional package. You have to pay 750 rubles annually for using plastic. The withdrawal of funds is limited to six hundred thousand rubles per day and not more than a million per month. The card is designed for use abroad.
- VISA Gold and MasterCard Gold are privileged cards that are more expensive to maintain than the first two options. With their design, the client receives a range of advanced features.
"Alfa Bank"
Alpha debit card is offered in the following options:
- Standard plastic, which has minimal functionality, the possibility of a basic set of services.
- Gold - premium gold deposits.
- Platinum is an even more prestigious type of plastic with a lot of additional features.
- Black platinum - with lots of privileges.
To summarize
A debit card is an advantageous offer from financial institutions that allows you to store money not in a wallet, but in electronic form. If you choose a well-known bank and carefully study its offers, you can get the maximum benefit from debit. The review of the four most popular banks proposed in the article will help to find the best option.