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An Insight into Types of Debit Cards
Posted on Monday, January 31st, 2022 | By IndusInd Bank
Even with a myriad of payment options available today, debit cards still seem to be one of the most popular payment methods. But why? Well, for starters, they’re accepted everywhere, from restaurants to merchant outlets and movie theatres. Plus, they also double up as an ATM card, allowing you to withdraw cash whenever you need it.
Moreover, with their growing popularity, banks have also started offering additional benefits like discounts, cashbacks, and reward points with their debit cards. Already convinced that you need a new card? Well, before you apply, it’s best to know the type of debit cards available.
1. Visa Debit Cards
Issued by the International Visa Payment System Network, the Visa debit card is one of the most popular types of cards available. Given its wide brand presence, it is globally accepted for both offline and online transactions. In fact, some cards even offer overdraft facilities. And that’s not all. Transactions made by the Visa payment gateway are exceptionally secure, and if you ever run into a problem, you have access to their 24/7 customer care.
Moreover, there are many varieties of Visa cards available – Classic, Platinum, Gold, Infinite, to name a few. Each card offers comes with a set of perks depending on the type of bank account you hold.
2. RuPay Debit Cards
Need a card to make domestic transactions exclusively? Consider getting a RuPay debit card. These cards are issued by the National Payments Corporation of India and have lower transaction rates when compared to the other cards in the market. What’s more, they are accepted across all POS terminals, ATMs and online merchants within India.
3. MasterCard Debit Card
If you perform domestic and international transactions with your debit card, you are looking for a card that offers a secure payment gateway and exceptional customer service. The Master debit card covers you on both these fronts. These cards also come with reward programs, depending on the card you get from your bank. Hence, they are just at par with Visa cards for people keen on making national and international transactions with them.
4. Contactless Debit Cards
As the name suggests, these cards don’t require you to physically touch the POS machine or enter the PIN to make a transaction. The reason? They use an attached radio-frequency module that initiates payments when you hover the card over the RFID reader machine. These cards are issued on all the networks i.e. VISA, MasterCard and RuPay.
Of course, this paves the way for contactless transactions, which are much-needed in these times of the pandemic. However, the technology also provides an added layer of safety against card duplication frauds. The only downside of these cards is that they can be used only at select multi-brand outlets in India.
Enjoy Fuss-Free Cashless Transactions with a Debit Card
If you have decided the type of card you want to get, the next step is choosing a trusted banking partner. Well, IndusInd Bank can help you out with that!
Along with providing you with a range of different cards – each with its own unique benefits –, we also offer an end-to-end online banking experience, allowing you to effectively monitor your savings, spendings, and rewards.
Additionally, you are insured against account losses, card theft and even consumer durables in some cases. The best part? You can get a debit card online with us in just a few simple steps!
So, why wait? Visit our site and apply for a debit card today.
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author 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.
