Go for the best Debit Cards in Australia

Visa Debit and MasterCard are household names in Australia and also other parts of the world, when someone is referring to debit cards. Debit card plays an important role in today’s tech savvy customer and most of them prefer to carry plastic money instead of carrying currencies, exposing them to all kinds of risks and it works almost the same way. Debit cards are used with the purpose of buying products and services from the market without carrying money. The customer instead used the debit card to make payments, by signing a slip at the point of sale or entering their secret code at the customer’s place which results in his account being debited. It is also used for withdrawing...

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Make Use Of A Debit Card To Avoid Debts

A Debit Card is utilized in the similar way as a credit card, but only if there are existing funds in the bank account. Debit cards have often been perceived to be a substitution for cheques. Debit cards access money in your savings account so they provide most of the flexibility and handiness of a credit card and also put you to be in command as you can’t dig up into debts by exercising them. When making use of this card you have to confirm your identity by signing an acknowledgment at the time of sale or by entering your PIN. The debit cards exploit your own funds, as you can simply purchase things that cost less than your existing bank balance. Australian debit cards are issued by MasterCard...

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Debit Cards – A Mode To Keep A Check On Your Expenses

Debit cards have turn out to be more and more famous as banks started offering them on an extensive scale. If you are not recognizable with how debit cards work, well, they unite three elements into one simple payment arrangement. You get the advantage of a personal account, ATM card and credit card all in one, a trouble-free exercise card that is accepted almost the world over. One of the most excellent elements regarding using a debit card is that you don't have to fret about the interest rates. The sum is subtracted automatically from your bank account on funds that you already comprise of. You can never splurge more than you have and it is a lot easier to maintain your expenses in check...

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A debit card- a handy financial assistance

A debit card is a card which is used as a substitute to ready money while purchasing something. Though, when purchases are made with a debit card, the money is withdrawn directly from the purchaser's recent cheque or savings account at a bank or credit union.Debit cards are also like stored-value cards as they show a fixed amount of money allocated by the card issuer to the card possessor. They are different in that stored-value cards are usually unidentified, whereas debit cards are normally linked with a person’s bank account.Debit cards generally present some security in opposition to loss, robbery, or unlawful use. In Australia you will usually find Visa debit cards and debit MasterCard....

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History of Debit Cards in Australia

Debit Cards date back to about the date of the introduction of e-commerce. The first ‘Switch card’ transaction took place in 1988. By 1995, Debit Cards had overtaken credit cards in popularity, and by 1998 Debit Card transactions were more common than cheque payments. In 1990 there were already over 19 million Debit Cards in circulation. Rapid growth continued through to 2006, when circulation reached 27.8 million. Although growth has slowed a little because of the market reaching saturation point, it is expected that 34.4 million cards will be in circulation by 2016.The most significant driver of growth in the Debit Card market was the advent of ‘chip and PIN’ technology,...

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