What are the Advantages and Benefits of Debit Card – Why Should You Get A Debit Card?  

In case you are wondering, why you need a debit card, and the benefits will help you, here are some pointers that you need to go through:  

Secure

The bank itself issues the debit card which makes it safe and secure. A card comes with multilayered protection with CVV and ATM PIN.  

In ATMs or cash counters, CVV is automatically read, but to complete the transaction, you need to enter the PIN. And it is private to you only.  

Similarly, during the online transaction, users have to manually enter the CVV to authenticate the card, and an OTP is sent to the registered number. Only by entering the right OTP, one can complete the transaction.  

So, your money is safe even if you have lost the card. Just inform the bank to block the card if it is theft.  

Instant Update  

A debit card is very useful for users, who are unable to control their expenses, especially who have a shopping spree. After each transaction, it notifies the remaining amount. So, the users get aware of the balance and understand when they have to stop. A debit card allows setting limits as well to prevent overspending.  

No Headache of Credit 

A debit card has no credit system, so it saves users from huge credit amounts at the end of the month. Users can spend as long as they have insufficient balance – as soon as they will run out of money in the account, their transactions will automatically get canceled.  

Convenient for both Online And Offline Payment 

A debit card is like the entire bank account in the pocket. It gives the opportunity to withdraw cash anytime from ATMs. Be it an emergency or paying for something purchased – a debit card ensures easy and cashless payments everywhere.  

At the same time, one can go for prepaid online purchases with a debit card. These cards are widely accepted on almost all shopping apps as well as their websites. So, you can put your order, pay for it and wait for its delivery instead of managing cash for the items. Similarly, debit cards can be easily linked to the UPI apps to make easy instant transactions.  

Easy To Obtain  

One more plus point of a debit card is you don't need to bear any trouble to get a debit card. You can apply for a debit card simply by filling up a form. Apart from the bank account details (A/c number, name, customer ID, IFSC, etc.), - you need nothing else to apply for a debit card. You do not need to go to the bank again and again – the bank will send it directly to your address on approval from bank's side.  

Overdraft Option 

Some debit cards also come with the overdraft option where the users can continue their transactions even when they are on a low account balance.  

Reward Points  

Holding a debit card opens a bunch of rewards in several apps – while paying with the card, users can automatically unlock discounts, cashback, and much more.  

Apart from this, different cards like VISA, MasterCard, RuPay, American Express, Discover - each holds some specific benefits from specific sellers.

Factors To Remember While Using Debit Cards  

Now, as a debit card user, you need to take care of a few factors to ensure that the hard-earned money in the account is safe:  

• Check balance daily  
• Keep an eye on suspicious/unknown deductions  
• Never share the CVV or PIN 
• Use HTTPS sites or original apps to make the transactions 
• Know the limits of out-of-network ATM usage to avoid charges  

Learned The benefits, But Thinking How Safe A Debit Card Is? 

A debit card is a completely safe yet very handy alternative to cash. It is because no one can withdraw money using your debit card from ATM without your PIN.  

Moving on to online transactions, no one can transact with your debit card unless the person has access to your registered mobile number. Payment gateways or any other money transfer systems do not have the permission of saving your CVV, so, payment requests will get rejected for not entering CVV or entering wrong CVV.

So, Should You Get A Debit Card to Get Its Benefits?

Yes, obviously you should get a debit card because it's not very safe to carry cash today. As you already know, that debit card has diverse use, so get one for you. Right now, a debit card is not a luxury at all; rather, it is a necessity. It saves you from standing in a queue for hours at the cash counters to withdraw money with withdrawal slips/cheques. Just go ahead and apply for a debit card.  

Just remember that your PIN is private to you - beware of sharing it with anyone, unless you trust the person. Only share it with the person whom you want to access your account on your behalf.