Features and benefits of different types of debit cards

Gone are the days of carrying cash or writing cheques for every purchase. Debit cards have revolutionised how we shop, making transactions quick, easy, and secure. But with so many types of debit cards available in India, it can take time to pick the right one.

Each offers unique features and benefits, from entry-level cards to premium ones. Understanding the types of debit cards and their features can help you make an informed decision and maximise your savings.

So, let's dive into the world of debit card offers and find the perfect card for you!

Debit card types 

· Visa debit card
 

The Visa debit card is popular in India. You can use it at any merchant store that accepts Visa payments. You can also link Visa debit cards to your bank account to withdraw cash from ATMs, make purchases, and pay bills.

Debit card features include cashback offers, reward points, and discounts when travelling or shopping online.

Also read - Make overseas payments easier with international debit cards

· Mastercard debit card
 

The Mastercard debit card is another widely accepted debit card in India. It is valid at any merchant that accepts Mastercard payments, both online and in person. Mastercard debit cards come with features like cashback offers, reward points, and purchase discounts. Some banks may provide  cashback on select categories like dining, travel, and shopping, while others offer reward points for every Rs 200 spent. 

· RuPay debit card
 

RuPay debit cards are a type of debit card indigenous to India. All merchant outlets and ATMs in the RuPay network accept them. RuPay debit cards include cashback offers, reward points, and purchase discounts.

· Virtual debit card
 

A virtual debit card is a digital version of a traditional one that allows you to make online transactions without physically presenting the card. These cards often have a temporary card number, expiration date, and security code that a person can use only once. 

Features of such debit cards include instant issuance, enhanced security, and easy management through mobile apps or online banking. They are also convenient for online shopping and can be linked to a specific account for better budget control.

How can you choose the right debit card?
 

· Compare features and benefits of debit card
 

Different types of debit cards offer various features and benefits. For example, some debit cards offer cashback on purchases, while others may provide travel benefits or discounts on dining. It is essential to compare the features and benefits of various debit cards to choose the one that suits your needs.

· Consider fees and charges
 

Debit card charges can vary from bank to bank and may depend on the types of debit card. Some common charges include ATM withdrawals, balance inquiries, transactions, and annual maintenance charges. Evaluating these charges and choosing debit card offers with the most benefits and the least charges are essential.

· Evaluate the bank's reputation and customer service
 

Choosing a bank with a good reputation and excellent customer service is crucial. This is especially important in any issues or disputes with the debit card. Research the bank's customer reviews and ratings to understand its customer service and reputation.

· Look for additional benefits
 

Many debit cards come with additional benefits, such as insurance coverage, travel benefits, and dining discounts. You should look for debit card offers with benefits relevant to your lifestyle and needs.

Also read - Manage all your payments seamlessly with IDFC FIRST Bank​​

Conclusion
 

Debit cards are a convenient way to access bank accounts and make payments. With the right type of debit card, you can make cashless transactions, save money, and enjoy a hassle-free payment experience.

IDFC FIRST Bank provides Visa and RuPay debit cards. The Visa cards include enhanced ATM withdrawal, POS purchase limits, and complimentary insurance coverage. The RuPay cards by IDFC FIRST Bank have features like greater control on setting card limits, personal accident insurance coverage, and many more.

IDFC FIRST Bank Debit Card offers customers complete control, allowing them to block or limit their cards instantly to prevent fraudulent transactions or unauthorised use. The features of debit cards are intended to make day-to-day transactions hassle-free and safe for customers. Click here to know more about the various debit cards IDFC FIRST Bank offers!

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.