When it comes to shopping, be it your monthly expenditures, or an occasion-driven splurging, it is important to keep track of your expenditures. After all, you would not want to be in a position where you splurge your savings or even miss out on an important saving deal.
So how to financially make the most out of your expenditures, with the right finance tool? The right tool, such as the debit card will make the ideal choice. Furthermore, with the government pushing to financially digitise the country, this makes it an ideal time to shift to this financial tool.
As a shopper, here is how you can benefit from the debit card:
Debit cards are linked to your account: Love to splurge or over – indulge on your shopping spree? Debit cards will be the ideal choice for your to protect yourself from over indulgent expenditures. As they are linked to your bank account, any expenditure you make on your account will be deducted from your account. The more you splurge, the less of saving you will have. Thus to reduce your expenditures, using a debit card will go a long way to curb any unnecessary expenses.
Debit cards can be used as an ATM card: Not all retail or merchant outlets may have the means to possess a banking card swiping machine. In this case, you can always opt to make your purchase or transaction with cash. You only need to withdraw cash from the ATM, with your debit card, as it also functions like another ATM card. This is also one way to curb excessive expenditures by only withdrawing the amount you want, as compared to a large amount.
Debit cards linked to loyalty or reward points: Plenty of banks and financial institutes offer incentives to promote healthy expenditures on debit cards. This is when the special types of debit card come into place. These debit cards are linked to selected brands, allowing you to collect points if you make a purchase of any product from that brand. These points can be collected and redeemed for more incentives.
Debit cards now come with a security upgrade: With the country slowly financially digitising itself, it becomes more of easy targets for scammers and phishers to collect data about your card and use it to access your bank account. However, in order to combat an unauthorised access to your card or stealing of your data, all the latest types of debit card come equipped with an embedded chip. This chip encrypts your transaction data as soon as it is swiped in the card machine. This prevents any skimmers from collecting data from your card.
So how to financially make the most out of your expenditures, with the right finance tool? The right tool, such as the debit card will make the ideal choice. Furthermore, with the government pushing to financially digitise the country, this makes it an ideal time to shift to this financial tool.
As a shopper, here is how you can benefit from the debit card:
Debit cards are linked to your account: Love to splurge or over – indulge on your shopping spree? Debit cards will be the ideal choice for your to protect yourself from over indulgent expenditures. As they are linked to your bank account, any expenditure you make on your account will be deducted from your account. The more you splurge, the less of saving you will have. Thus to reduce your expenditures, using a debit card will go a long way to curb any unnecessary expenses.
Debit cards can be used as an ATM card: Not all retail or merchant outlets may have the means to possess a banking card swiping machine. In this case, you can always opt to make your purchase or transaction with cash. You only need to withdraw cash from the ATM, with your debit card, as it also functions like another ATM card. This is also one way to curb excessive expenditures by only withdrawing the amount you want, as compared to a large amount.
Debit cards linked to loyalty or reward points: Plenty of banks and financial institutes offer incentives to promote healthy expenditures on debit cards. This is when the special types of debit card come into place. These debit cards are linked to selected brands, allowing you to collect points if you make a purchase of any product from that brand. These points can be collected and redeemed for more incentives.
Debit cards now come with a security upgrade: With the country slowly financially digitising itself, it becomes more of easy targets for scammers and phishers to collect data about your card and use it to access your bank account. However, in order to combat an unauthorised access to your card or stealing of your data, all the latest types of debit card come equipped with an embedded chip. This chip encrypts your transaction data as soon as it is swiped in the card machine. This prevents any skimmers from collecting data from your card.
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