DEBIT CARDS

Debit Cards have recently become a popular choice for consumers. Debit Cards have the advantage of using your own money to fund purchases. You have the convenience of using your Debit Card for all purchases where MasterCard and Visa is accepted but without the interest charges.

Listed below are the top rated debit cards.

See below for More Information on Debit Cards

COMPARE DEBIT CARDS
Debit Card	Monthly Fee	Details	More Info	Apply Now
St.George Visa Debit Card	$7.00		More Info
ANZ Access Advantage	$5.00		More Info

 
Debit Cards are becoming increasingly popular with consumers. Many people apply for a Debit Card believing that it will be less costly than a credit card. However, be sure to understand that Debit Cards can in fact have other fees and charges which can be comparable to that of credit cards.

Advantages of Debit Cards

• Debit Cards can eliminate the need for carrying cash around
• Debit Cards can be used anywhere that MasterCard and Visa are accepted
• Debit Cards use your own money to fund your purchases. This means you will not pay interest on purchases as with credit cards
• Access your own money from ATM’s at any time of the day or night
• Reduces temptation of getting into debt with a credit card.

Disadvantages of Debit Cards

• Usually have monthly fees which range from $3/month up to $8/month (This can actually cost more than the annual fees of some credit cards).
• You need to keep a close eye on your available funds. (Overdrawing your account can result in a substantial bank fee).
• Accessing your funds by other ATM’s can result in extra charges

To sum up, Debit Cards have many advantages for consumers. However, if used without understanding, they can result in extra bank fees and charges which can end up more costly than a credit card.