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Visa Platinum Debit Card: Benefits & How to Apply 

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Created on
May 3, 2022

Summary

What’s Inside

During the fiscal year 2023, India witnessed more than 3.4 billion debit card transactions, totaling a value of over seven trillion Indian rupees. Projections indicated that this figure was expected to surge to over 10.8 trillion Indian rupees by the fiscal year 2027. In contrast, credit card transactions were anticipated to exceed 46 trillion Indian rupees in the same year.

In this article, we'll explore the Visa Platinum Debit Card benefits and help you determine if it's the perfect debit card for your needs. Let's dive in and find out! 

Benefits of Visa Platinum Debit Card 

India, at large, is a credit-starved economy - which means most people don’t have access to credit cards. This is mainly due to the unavailability of a credit history or credit score. 

On the other hand, debit cards are given out by banks much more quickly because they’re linked to the savings you hold in your account. Here are some benefits of the Visa Platinum Debit Card: 

Better Finance Management 

You pay from what is available in your bank account with a debit card. This means your finances can be planned and managed, and you’re less likely to make impulse purchases.

No Debt

Since you’re paying directly from your bank account, paying back or the risk of accruing interest on any bill is not questioned.

Ease of Use

Almost any big or small place of business accepts cards, so you need not carry wads of cash if you’re going out shopping. At the same time, withdrawing money using your debit card is hassle-free from ATMs. 

Online Use

Debit cards can just as quickly be used to carry out online transactions on domestic and international merchant sites. And they’re secure as they employ security features like one-time-passwords (OTP), etc.

Features of the Visa Platinum Debit Card

Here are some of the amazing features available on Visa Platinum debit card:

Visa Platinum Concierge

This 24x7 service assists with various activities such as flight reservations, trip planning, car rental reservations, hotel reservations, restaurant reservations, etc. 

Secure Network

VISA’s secure network infrastructure is built with multiple security and authentication protocol layers, ensuring safe transactions across physical stores and online e-tailers. 

Global Customer Assistance

This round-the-clock service is convenient when travelling abroad and if you lose your debit card, or it stops working or if there are any other related concerns.

Global Acceptance  

Feel right at home wherever you go. With your Visa Platinum Debit Card, you'll be warmly welcomed by millions of global merchants.

Extensive ATM Network 

No matter where your adventures take you, rest assured that your Visa Platinum Debit Card grants you access to over 1.9 million ATMs worldwide, ensuring you can withdraw cash whenever necessary.

Exciting Perks 

Prepare to be delighted! Explore a range of exclusive offers, incredible discounts, and special privileges with your Visa Platinum Debit Card. Discover endless opportunities to save and indulge in unique experiences across categories, such as lifestyle, shopping, dining, and online services.

Check for yourself whether the Visa Platinum Debit Card is the right choice for you:

Check for yourself whether the Visa Platinum Debit Card is the right choice for you.

In Conclusion 

The Visa Platinum Debit Card is a premium offering provided by banks in India, and it is issued by Visa, one of the globally recognised payment platforms that issue debit and credit cards worldwide. It is designed to elevate your banking experience by providing enhanced features, privileges, and perks. To apply for a Visa Platinum Debit Card, you can visit your bank's website or branch office and fill out an application form. The eligibility criteria for obtaining a platinum debit card may vary from bank to bank. However, most banks require you to have a savings account with them and maintain a minimum balance to be eligible for a platinum debit card. 

Here Comes the Fi-Federal co-branded Debit Card

The Fi-Federal co-branded Debit Card offers you several features, including zero Forex charges on select plans, contactless payments using 'Tap and Pay', and customisable transaction limits. In addition, the card provides you with a range of offers from top brands across various categories, like food, shopping, travel, entertainment and more

‍Frequently Asked Questions

1. What is a Platinum Debit Card?

‘Platinum’ is a category of debit card issued by Visa. Visa is a globally recognised payment platform that issues debit and credit cards. The Platinum Debit Card is among the most widely accepted card types worldwide, which lets you withdraw cash from almost any ATM.

2. Who qualifies for a Visa Platinum Debit Card?

Different issuing banks have other criteria for Visa Platinum Debit Cards. With Fi, the requirements are pretty simple to meet - you only need a full KYC account on Fi, and a physical card will be couriered to your registered address. 

3. What is the benefit of using a Visa Platinum Debit Card?

  • It’s globally accepted
  • Customer assistance anywhere in the world
  • Access to a global ATM network 
  • Deals and offers

These benefits aside, the card also gives you a tap-to-pay feature, making your payments contactless. With the Fi-Federal co-branded Debit Card, you get the benefit of no forex charges on your transactions.

Disclaimer

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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