What are interest debit cards?

The main difference between debit and credit cards is that debit involves the use of own funds, and credit - using bank funds.

Debit cards are a bit of a modern savings book. Replenish the balance, and the money is saved in a bank account. If required, you can withdraw funds or, conversely, deposit.

Debit cards in their functionality are no different from other types of bank cards. They make it possible to pay for goods and services, withdraw cash, make money transfers, track their accounts when using online banking.

How are the accruals on the cash balance

Interest debit cards, as a rule, imply the calculation of 0.01 percent per annum. That is, if there is one hundred thousand rubles in the account for one year, your account will be replenished by 10 rubles. This rate is very low. But today, there is fierce competition between banks for each client, so they try to offer rates much more profitable. Even so, that interest-bearing debit cards become a serious substitute for a simple bank deposit. For example, some banks offer interest rates up to eleven percent per annum.

After you make any operation on a debit card, do not forget to check your balance. This will save you from surprises and troubles.

How interest debit cards are issued

In order to get a credit card with interest, you need to contact the bank and submit an application. Each bank issues cards on its own terms and with its own rates. The difference is sometimes significant. Annual card maintenance can cost up to two thousand rubles. The minimum balance in the account in order to accrue the maximum percentage ranges from 5 to 50 thousand rubles.

How to choose

All debit cards with interest are worth choosing wisely and take this very seriously. It is important to calculate how much and how you spend money, by cashless or cash, you pay, how far are the ATMs and much more. A correctly selected debit card can become not only a very convenient payment tool for you, but also allow you to keep your funds safe and also bring additional income. Some banks also have various bonus programs that allow you to accumulate bonuses from purchases. These bonuses can be paid in stores, at gas stations, in the end, pay for a mobile phone.

Which bank is better

Everything will depend on you here. But a few tips can still be given. Firstly, carefully look at what tariffs and how much annual maintenance costs. Secondly, pay attention to the availability of commissions, whether there are hidden payments or is everything transparent.

You will also have to choose a payment system. If you like to travel, take an interest in which payment system, in which country it operates, what will be more convenient for you to use, etc.

We wish you a good choice of card!