Free Debit Cards can be obtained from most Checking Account holders also. Debit card is part of the major MasterCard network. You can use your Free Debit card to make online purchases as well as pay for your daily expenses and the balance will be paid out to you in regular money within a few days.
Most stores accept the use of a debit card. You can also get the card from banks that do not accept it.
You can check with your bank if they offer a debit card. If they do not, you may want to check with a competing bank. Most large cities will have a bank that will accept it. The biggest problem is that many stores will refuse to accept it. It works best for those who use their card in-store, or pay for things with it online. This card is designed for frequent travelers.
A debit card may be issued at any time during the year for free by filling out an application form. They may not be issued every month, but there will probably be more than one given away each month. If you want to use them, you can pay any amount by direct deposit into your checking account and your balance will be automatically credited every month.
Like all other credit cards, there are limitations and requirements as to how much you can spend on them each month. You must be 18 years old to get a debit card.
These types of cards have been around for quite some time now and are used widely today. There are a few advantages to using debit cards to buy anything, but be careful not to overdo it. Remember, you are already responsible for paying your bills so don't just put more money into your account that you need.
This type of card works like all other credit cards, but the fees that are charged will vary with the store. The fees can be as high as a couple hundred dollars for each dollar that is charged on the card. This fee is to cover the cost of processing your purchases. It will not be added to your statement until you pay the charge.
Be aware that if you have more than one card and you are using it for more than one business purpose, you are charged an annual fee. That fee will only apply to the business that you have the card for. There is also a one time fee that is charged for each card that you have, so make sure that you pay that one off before you can get another one. if you plan on using it for business purposes. The charge card does not expire and you may not even have to pay it off after the first year.
If you are a student, you may qualify for a Student Card which will let you make purchases using only a small amount of funds each month. If you are a disabled, you may be able to obtain a Senior Card which is similar to a debit card. It has a low amount that you can use and is not very expensive.