Master & Visa Debit Cards

Benefits of Debit Cards over Credit Cards

Posted by visadebit under News

Debit cards have been very popular for many years now, and even though they don’t necessarily carry the benefits offered by credit cards, they also don’t allow you to create a debt you cannot pay.

This is why you should consider a Visa Debit Card instead:

1. Debit cards are interest free so you will immediately save your self lots of money. Due to the fact that you cannot spend your own money, you will only ever spend the money you have.
2. Visa debit cards can be used in most places that Visa and MasterCard are accepted. It can be used in shops and for online purchases.
3. Often credit cards offer protection on purchased items (great if you are traveling overseas) but it is also available on debit cards so if this is important to you, make sure that you check it out.
4. Some debit cards come with reward offers. The ANZ Debit Card Visa provides entertainment offers for its users and the NAB Gold Banking with Visa debit card offers free overseas travel insurance just like many credit cards have.
5. Using a debit card to withdraw cash is much cheaper than getting a cash advance on a credit card. Credit cards charge not only a fee for the transaction but also interest on the cash advance from the day it is taken out. With a debit card you can access cash at an ATM for a lesser fee and no interest to be paid.

If you want a plastic card for ease of spending, especially if you are looking to buy online, then consider a Visa debit card. Credit cards might sound flashier, but they also can be much more expensive overall. Compare all of the major Visa debit cards on offer.