Debit Cards
Want the benefits of a Credit Card with the security and peace of mind knowing you are only spending your own money?
Then check out the showcased Debit Cards below.
| Card | Interest Rate | Balance Transfer | Annual Fee | Free Days | Info |
|---|---|---|---|---|---|
WoolworthsWoolworths Reloadable Prepaid MasterCard
|
NA |
NA |
$0 annual fee $2.95 purchase of card fee |
NA |
|
St.George BankSt.George Visa Debit Card
|
NA |
NA |
NA |
NA |
The two main features of a debit card are: the ability to withdraw your cash from ATM and to purchase goods at stores that have automated debit card machines. This type of card immediately transfers money from the client’s account to the business account so no interest is paid by the cardholder.
An obvious benefit of a debit card is that you do not have to carry cash around with you. Debit cards are widely accepted by stores worldwide; however some merchants require a minimum purchase.
This banking product is a good solution for those who have bad credit history and experience difficulties in obtaining credit cards. Some banks do not require a credit history from applicants. However, a debit card will not help you to build your credit score.
Most debit card issuers offer free of charge account management services and unlimited number of transactions. Some banks have no requirements on monthly balance or even do not introduce age restrictions for setting a debit card account.
In the recent years banks have expanded the line of debit card offer adding some more useful features. These are: access to money online or over the phone, SMS alerts helping you to control you finances, limited time purchase protection, international money transfers, complimentary overseas insurance or other perks, like cinema & event tickets.
With a debit card account you can even be allowed overdrafts, but overdraft fees are usually very high.
Disclaimer: Credit-Cards.net.au showcases credit cards available in Australia and has no direct affiliation or with any financial institutions. The information displayed on this website is to assist you with finding the best credit card to suit your means, however you should always seek the advice of a certified financial advisor and read the Product Disclusore Statements before making your final descision.