Smart Ways To Choose Your Debit Card

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Debit cards play a vital rose in new age payment system. Individuals use debit cards for most of the financial transactions such as online payments, offline payments, paying bills etc.

There are different types of debit cards such as Visa, Master Card, Rupay Card, and a Contactless Debit Card where individuals can choose based on their needs. Debit cards vary when it comes to features, using it internationally and limitation of usage.

Also, read: 8 Things To Know About Your International Debit Card

Here are some points to consider when choosing a debit card:

Smart Ways To Choose Your Debit Card

ATM presence

As there is a limitation on the number of transactions one can undertake on debit cards, make sure your debit card has a number of ATMs presence or else you will be charged extra for using other bank ATMs.

Annual Fee

Most of the banks charge one-time annual fee on debit cards depending on the type of account. Charges and fees also vary with the type of card you hold such as Platinum Card, Gold Card etc. Check with your bank for the types of debit card available with them.

Daily Withdrawal limit

Note that daily withdrawal limit varies with the type of card and the account you have. Check with your banker for withdrawal limits. If there is a lower limit on your card, you will have to use it frequently. One can also make a request for the bank to increase the withdrawal limit.

Loss or damage

There are different conditions applicable when it comes to loss or damage on the card. In case of loss, it is better to report to the bank immediately and request for a new card. This will protect you from illegal use on the card and you will not be made liable to pay any amount after reporting the loss.

International Usage

Check if your debit card is eligible to use internationally and charges related to it. Click here to know more.


Most of the banks allow their customers to apply for debit through internet banking any phone banking. Note that debit charges and services vary with each bank and the type of account and debit card as well.

Make sure that you go through the terms and conditions before applying for the same. Also, there are various charges applicable on the transactions such as debit card used at petrol pumps.

Read more about: debit card, banks
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