Having a debit card is the first step towards financial independence. A debit card is a physical card form of payment-meaning that you can hold in your hand-typically that is connected to a checking account. One can easily link their debit card to a money market account, savings account, or any other cash account. But the majority of people connect it to a checking account.
A debit card can be used to pay in person or online or to withdraw cash directly from your account via an ATM. Scroll down to learn more about the application process for Discover Credit Card.
Apply for a Discover Debit card
To get a Discover Debit Card for yourself, follow the mentioned steps:-
- Do your proper research – Multiple banks offer debit card facilities at different prices, ATM networks, and granted rewards. Thus, reviewing your options before apply for a Discover Debit Card is better.
- Open your account with a choice of your financial institutions – You can have a debit card without any sort of bank account, such as a checking or a money market account tied to your debit card.
- Activate your Debit card – After receiving your card, you will get a guide for instructions on activating your Discover Debit card. This procedure includes calling a phone number or going online.
How do Debit cards work?
Versatility is the second name for debit cards. It offers –
- ATM withdrawals – ATMs allow you to withdraw money from your account using debit cards. Put the card in, tap it, enter your PIN, and then choose how much cash you wish to withdraw. Make sure you are aware of which ATMs are free for you to use. Some banks and ATMs may impose fees if you use your card with an unaffiliated financial institution.
- Online Purchase – Online purchases can also be made with debit cards. However, you often need to submit more information because you can’t swipe your card when you place an order online. Your card number, expiration date, security code, billing address, and maybe other verification details are some examples of this data.
- In-person transactions – You may use your debit card at a cash register in person, just like you can with a credit card. You will either swipe, insert, or tap your debit card and enter your correct PIN to complete your purchase, depending on the type of card you are using. You’re likely accustomed to seeing debit cards used this way at establishments like restaurants and even cabs.
Perks of having a debit card
There are many reasons that debit cards have become a part of people’s lives. Some of the reasons are-
- Security – FDIC insurance normally protects your money. Please consult your bank. Additionally, many banks may notify you via a fraud alert if any questionable behaviour is discovered.
- Rewards – Credit cards have a history of offering better benefits than debit cards in the past. However, some debit cards have improved recently and now provide cash back in exchange for using the card.
- Convenience – Using a debit card to make purchases and cash withdrawals is far more convenient than writing checks.
Also Read👇
Conclusion
Getting a first debit card might look intimidating only when you know which one is right for you. The users might get numerous perks of debit cards, especially when they know how to get your benefits. Discover debit card will be the best option for you if you are looking for access to over 60,000 ATMs, no extra fees, and amazing rewards like 1% cash back.
