If you are not good at paying your monthly bill, then, it will be advised to select a debit card rather than a credit card. Debit cards function like a credit card, except the fact that for the debit, which you have spent directly deducted from your savings account. It’s like a bridge between your savings account and your expenses, so paying monthly credit card bills is not needed.
It’s like a form of modern examination, but instead of paper checking plastic cards used. This card can also be used in withdrawing cash in various automatic transaction machines because it is connected directly to your savings account.
After acquiring a debit card, it is a must you have a savings account so that the expenditure will be reduced directly from it. In some banks, they usually offer this application after opening a regular savings account. This card can also be a multiple purpose card; Every time you use it in buying items, you will be asked whether you want it as a debit or credit. Choosing for discharge means that the number of items will be directly deducted from your savings account and selecting credit will mean that the number of items will be added to your monthly credit card payment. In the case that the savings account runs out of money and you have activated the bank to connect a credit card to your card, you can still make a transaction with your card because unpaid expenditures will be concluded at the end of your month credit card bill. This regulation will give you more strength in managing your expenses and transactions.
There are three types of discharge reduction systems: offline discharge, online debit and e-purse system. In offline discharge, online transactions are not needed, thus, the pin is not requested. The amount of money used for purchases will be deducted to the account after two to three days. This kind of discharge system usually has appropriate costs in the discharge reflection process. Online debit type, on the other hand, requires a personal identification number when using a card in each transaction. It is necessary to connect cards safely in online card processing. The amount of money used is immediately reflected and deducted on your account. Finally, in the e-purse system, separate electronic savings are connected to your card. This can be refilled through the funds you have in your account.
Choosing a debit card has many advantages. First, if you have a bad credit history and be difficult to apply for a new credit card, then you can find the application for the cards debited easily. Banks are usually not too strict in approving card applications debited as long as they find your account enough from funds. Second, the risk of unpaid debt is reduced because your expenses reflected automatically to your account. And finally, even though the card functions like an inspection system, transactions are faster and simpler than when writing. So, if you want to have flexibility in managing your expenses and finances, choosing a debit card will definitely give you the power to monitor your cash flow!