Visa Debit cards are becoming popular as they are a secure and convenient way to make payment for your purchases. It is important that you are careful when using your debit card for any online transaction due to increase in the cases of identity theft across the world.
You should ensure that the debit card is used where your personal information is safe and there is no risk of it being misused. Online shopping is a rising trend but you should be careful when and where you use your debit cards to make a payment for a purchase.
In this article we will discuss some important reasons why using a debit card is a smart option, especially for online purchases.
1) Debit Cards are increasingly Secure
Debit card is a safe and secure option to make payments for online purchases or pay online bills. Credit cards can be a risky option when it comes to making online purchases especially due to the amount of money that they have which can be misused by a hacker in case you are a victim of an identity theft.
2) You Can Control Your Spending
One of the best things about using debit cards is that you can easily control your spending. People often go for impulsive buying when using a credit card and end up spending more than they intended to. You can easily avoid this when using your debit card and prevent yourself from buying things that aren’t particularly essential.
3) Great Convenience
Debit cards provide great convenience as you don’t need to carry cash if you are making purchase at a local store and don’t even have to move out of home if you are making an online purchase. You can even pay your utility bills from the comfort of your home. It is also a great way to stay out of debt as you cannot spend more than what you have in your bank account. It is also called plastic money as you don’t need to carry cash and use your debit card for your purchases.
4) No Interest or Fees
Debit card transactions have no extra fee or interest that needs to be paid. When you spend from a credit card you are liable to pay an interest on those charges if you fail to pay your credit card bill within the due date.
Visa Debit cards have no such extra fees or interests and you pay the exact amount for which you purchased any items or paid any of your bills. This makes debit card an obvious choice for people who want to keep their budget and finances under control.
5) Build Up Your Credit
Debit card can also help build your credit history and improve your credit score. People who have a poor credit history are generally ones who have a debt and have been late on their bills.
Debit cards will help you curve your expenses as you can only spend the money you have in your bank account. This would mean you can avoid getting into debt and as you start paying your bills on time it would gradually improve your credit score.