Debit cards have evolved as adaptable instruments in today's fast-paced financial scene, revolutionising transactions. With so many possibilities, recognising the various types of debit cards is critical for making educated decisions.
Below are some of their unique features, benefits, and applications, that’ll help you choose the right debit card for you.
Diverse categories of debit cards exist, each tailored to specific financial requisites. Here, we present a glimpse of the common types of debit cards preferred by well-known Indian banks:
Individual requirements and preferences must be carefully considered before purchasing a debit card. A careful review should include card features, fees, debit card details, incentive programmes, and minimum balance restrictions.
In a world bustling with debit card possibilities, it's best to look before you leap. Compare these card kinds based on rewards, security, fees, and other factors. You may pick a debit card that precisely meets your financial demands by learning its benefits and extra features.
The Fi-Federal co-branded debit card offers you several features, including zero Forex charges on select plans, the ability to make contactless payments using the 'Tap and Pay' feature, and transaction limits that you can set from the app. Moreover, there are no annual fees for the Debit Card — if you are on the Infinite plan or a Fi Salary Program user. If you are a Plus or Standard Plan user, it's ₹299+GST.
The card provides you with a range of offers from top brands in food, shopping, travel, and entertainment. You can also easily freeze or unfreeze your card from the app, making it a convenient option for those who may have trouble sticking to a budget.
The best type of debit card depends on your banking needs and preferences, including rewards, fees, and benefits offered by various banks.
Some basic types of debit cards include: basic, rewards, prepaid, and business, each catering to different financial requirements.
An ATM-only card is a type of payments cards that are limited to cash withdrawals and ATM transactions, excluding point-of-sale purchases.
To apply for a debit card, visit your bank's branch or website, fill out an application, provide the necessary documents, and follow their application process. You can also apply for a debit card online, from any bank’s website or mobile app.
If your debit card is lost, immediately contact your bank to report the loss, freeze the card, and request a replacement to prevent unauthorized transactions.
To order a new debit card, contact your bank through phone or online banking, follow their instructions, and provide the necessary information for the replacement card.
