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Choosing Wisely: A Look at the Various Types of Debit Cards

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October 18, 2022


What’s Inside

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.

Types of Debit Cards in India

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:

Sr. No.

Debit Card Type




Visa Debit Cards

Various electronic transactions and online purchases. Each type has its own features.

Widely recognised, with a vast ATM network that includes both domestic and foreign sites.


MasterCard Debit Cards

Global acceptability, SecureCode payment platform, rewards and perks programmes.

Globally accepted, with exceptional service and solid customer support.


RuPay Debit Cards

Domestic debit cards for a range of domestic activities such as online shopping and utility bill payments.

Can only be used within India, primarily distributed in tier 2 and 3 cities, and smaller villages.


Contactless Debit Cards

Enables payments without physical swiping, reducing the possibility of card duplication or data theft.

Widely accepted in India.


Visa Electron Debit Cards

Similar to Visa debit cards but without an overdraft feature, reducing overspending.

Not accepted in some countries including Australia, Canada, the United States, and Ireland.


Maestro Debit Cards

Global acceptance, including ATM withdrawals, internet purchases, and PoS transactions.

Widely accepted by Indian banks, providing ease and global accessibility.

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.

Opt for the Right Types of Debit Cards, with Fi Money

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.

Frequently Asked Questions

1. Which type of debit card is the best?

The best type of debit card depends on your banking needs and preferences, including rewards, fees, and benefits offered by various banks.

2. How many types of debit cards are there?

Some basic types of debit cards include: basic, rewards, prepaid, and business, each catering to different financial requirements.

3. What is an ATM only card?

An ATM-only card is a type of payments cards that are limited to cash withdrawals and ATM transactions, excluding point-of-sale purchases.

4. How to apply for a debit card?

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.

5. What to do when a debit card gets lost?

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.

6. How to order a new debit card?

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.


Fi Money is not a bank; it offers banking services through licensed partners and investment services through epiFi Wealth Pvt. Ltd. and its partners. This post is for information only and is not professional financial advice.
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