A Beginner’s Guide to Using Debit Card



Cash no longer drives the world, as it has been replaced by plastic money. Many people use debit cards as these offer convenience and solve the problem of carrying cash all the time. A debit card lets you make easy purchases and secure transactions online and in person. It is a payment card where you are not borrowing from a line of credit, but debiting money that is saved in your bank account. If you have a savings account in a bank, you are eligible to get a debit card for any time money transactions at the merchant’s end or the ATM. If you are new to the world of debit cards, this post is for you. Let’s learn more about debit cards and their benefits. Read on.

How to Get a Debit Card?

Open a savings account

Almost every bank gives a free debit card when opening a savings account. You will also get instructions to set your PIN to use at the ATM and for making offline/online purchases.

More About Debit Card

One thing that’s universally true about a debit card is that it will never get you into debt because you spend the money that’s there in your bank account or current account. There are two most popular types of debit cards – Visa Debit card and MasterCard. Both have similar usage but are different in terms of features.


When you use a debit card, the money is deducted from the balance present in your bank account. In short, it becomes similar to paying by cash. A debit card is different from a credit card, wherein, you borrow money from a lender and payback the amount every month after the statement comes.


In addition, using a debit card instead of cash is safe. Carrying cash means being worried about losing it somewhere or to someone. But, with a debit card, you are sure that irrespective of how much amount is in your bank, it is safe. Also, a debit card comes with a security chip and many other features that make transactions secure. If the card is lost or stolen, you can block it right away to prevent any misuse.


Benefits of a Debit Card

A debit card comes with many benefits such as:

  • It is easier to carry than cash
  • It is accepted at almost every outlet across the globe
  • A debit card can be replaced, if lost or stolen
  • It can be used for online transactions
  • Some debit cards come with cashback and reward points benefits


Final Words

A debit card has many benefits over cash, that’s why banks provide them to every savings or current account holder. If you are yet to use a debit card, apply for a debit card in your bank. You will also receive a PIN along with the debit card that must be used for ATM transactions or making payments at merchant outlets. You can also get a debit card online with IndusInd Bank.

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