Why Cards And Not Cash
The modern world is ruled by technology and every effort is being made by people across the world to make life simpler and more comfortable with the use of technology. In the fast paced life, people do not have time and want convenience in every factor of life. This is why more and more people are drawn to the benefits and convenience of using debit cards and credit cards rather than cash or checks. Cards are easy to carry and can be easily swiped anywhere and everywhere making shopping easy and very convenient. There are different kinds of cards made by banks for the convenience of their consumers. Each card has its own privileges and benefits. Few of the popular cards are listed below:
- Visa Debit Card – With the latest financial crisis, people across the globe have realised the consequences of credit and credit cards. With these Visa debit cards have become more popular. Ordinary people with limited income and budgeted expenses prefer visa debit card over credit card as they can spend within their earning limits and do not fall prey to the interest and late payment fees attached to credit cards. Hence all major banks and financial companies are including this type of debit card in their list of products.
- Debit Master Card – Master debit card are not like traditional debit or credit card and are not tied up with banks. This is highly beneficial for people who do not have checking accounts or whose debit card has been suspended of any reason. Master debit card is accepted anywhere Master is and this gives consumers the option of buying things across the globe. Master debit card are best to carry while travelling as they are safer than carrying cash and offers similar protection to a credit card.
- Westpac Debit Cards – Westpac debit cards are issued by the Westpac Bank of Australia and are highly recommendable for people in Australia as they are very secured and regulated. However, the charges of the Westpac debit cards are more than cards issued by smaller banks and financial institutions.