In a life filled with borrowing money, there’s another world that we often misplace. A card that is a synonym for cash. Something so foreign yet strange. It looks and feels like a credit card. In fact, it works like one. But we are not borrowing money. We are using our own. Can you guess what it is, Rakstars?

Yes you’re right!

A Debit card. 

A versatile option that is more than just a plastic rectangle. An object that is a seamless transaction between your bank account and the items you desire to purchase. 

What is a Debit Card?

This is a card where you can pay using your funds that are in your checking or savings account whenever you make a purchase. This does not involve borrowed money like a credit card. Thus, allowing you to pay for an item, which simply is your own money. 

Pros

Debit cards offer a wide array of benefits:

1. Everyday Transactions

Whenever you are on the go, need a quick bite to eat or pay for that ride, debit cards can be your go to. It provides quick and hassle-free payments, allowing you to use it for those everyday transactions. 

2. ATM Access

Do you require cash? Well, if so, you can jump to your nearest ATM and withdraw the cash. Need to put cash in your account, well, you can even deposit funds. As a tip, try to go to the ATM machine that is associated with the financial institution of your debit card, to avoid any costs from other financial institutions ATM machines. 

3. Online Shopping

Yes, the area where you tell your online cart to take your money and check out before you can even think twice. Pay with your debit card online in just a few clicks. 

4. Budget Control

These plastic cards, not to be confused with credit cards, can actually help you budget your money wisely as you know you are working with a fixed amount of money. Your money. You can only spend what you have in your account or the lack of a better term, the amount you budgeted for. When you actually see money flow out of your account, you can understand why a debit card is like a cashwave card. It ripples and flows away. .

5. No Interest Charges

If I say so myself,  this is the ultimate benefit of a debit cards. You are spending your own money thus there will be no interest charges. You can save money on any interest, since you don’t forget that you owe money and since you used your debit card, you could actually afford it.  

Debit Cards are as secure as Credit Cards.

Don’t worry, Rakstars, no excuses. 

PIN Protection

Debit cards have a PIN number for transaction. PIN stands for personal identification number, which adds security as you are the only one that knows that unique code. 

Fraud Protection

If there is any unauthorized transaction, most banks offer fraud protection once you report them, depending on your account.

Just in Time Monitoring

Rakstars, you can stay in control of your spending habits by tracking your just in time monitoring as with the technology of today, banks have mobile apps where you can see your account balances and transactions whenever and wherever you want. So long you are connected to the beloved WiFi.  

Rakstars, remember that you can use your debit card aka cash card as a friend, someone who you can bring along to make purchases, manage your budget and simplify your fees. See you at your destination. 

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