Debit card is the best way to lead an ideal debt free life. By getting a debit card from a recognized company like Visa or Master card is exactly like using a credit card, with an advantage of not paying any additional charges for the services. A debit card is like having a prepaid credit card wherein money from your account is used.
It is a very common misconception that debit cards are not as safe as credit cards. A debit card brings with itself a bouquet of advantages like no annual or monthly charges or rate of interest that the cardholder needs to pay. In addition the debit cards are directly linked to the users bank account hence avoids debts from incurring.
Debit card comes with advantages galore " no extra monthly/annual charges or rate of interest as you do for your credit cards. No one really calculates how much money you can actually save by not using a credit card.
The worry to remember the due dates for payments is a thing of the past as the debit card is linked straight to your bank account and the transactions are debited in real time. There would never be a late charge or over the limit fee on your account since you would be spending the money from your bank account.
Both to receive money and send money is very easy using a debit card. A PIN number is a must to use a debit card and should be definitely memorized. As a precautionary measure you should never carry your PIN number along with your debit card. In case of loss of your debit card, the bank should be informed immediately to stop all transactions.
It is important to keep a tab on your bank statements to check for any misusage of your debit card. When processing your information online, you must ensure that the site as well as your internet connection is secure. If you feel suspicious about anything while entering your personal information, you must contact your bank to assure that everything is legitimate and alright.
There are a lot of debit card scams going on where in a device called skimmers is attached to the card swiping machine which gives access to the offenders to attain your personal and bank information. You should be careful when the debit card is being scanned.
A Debit card helps to improve your financial track record as well as helps not to increase your liabilities. It is essential to be careful while using your debit card so that it is not misused.
It is a very common misconception that debit cards are not as safe as credit cards. A debit card brings with itself a bouquet of advantages like no annual or monthly charges or rate of interest that the cardholder needs to pay. In addition the debit cards are directly linked to the users bank account hence avoids debts from incurring.
Debit card comes with advantages galore " no extra monthly/annual charges or rate of interest as you do for your credit cards. No one really calculates how much money you can actually save by not using a credit card.
The worry to remember the due dates for payments is a thing of the past as the debit card is linked straight to your bank account and the transactions are debited in real time. There would never be a late charge or over the limit fee on your account since you would be spending the money from your bank account.
Both to receive money and send money is very easy using a debit card. A PIN number is a must to use a debit card and should be definitely memorized. As a precautionary measure you should never carry your PIN number along with your debit card. In case of loss of your debit card, the bank should be informed immediately to stop all transactions.
It is important to keep a tab on your bank statements to check for any misusage of your debit card. When processing your information online, you must ensure that the site as well as your internet connection is secure. If you feel suspicious about anything while entering your personal information, you must contact your bank to assure that everything is legitimate and alright.
There are a lot of debit card scams going on where in a device called skimmers is attached to the card swiping machine which gives access to the offenders to attain your personal and bank information. You should be careful when the debit card is being scanned.
A Debit card helps to improve your financial track record as well as helps not to increase your liabilities. It is essential to be careful while using your debit card so that it is not misused.
