These days, it looks as though there's a slew of debit cards within our fingertips. Whether it's just signing up for that basic checking or savings account, purchasing a prepaid debit card or filling out an application for one online, there are a ton of debit card options for the everyday consumer – yet only the savvy ones take the time to question which debit card truly outshines the competition.
If you've found yourself pondering this very same issue, then you're in luck: we've gathered information on a few of the best debit cards out there – including some which do not even require a credit check to obtain!
Of course, no article about the best debit cards would be complete without mentioning two major brands: Visa and MasterCard.
These mega-companies have earned reputations for providing consumers with debit cards that are both flexible and convenient, as they allow you to make purchases all over the world, avoid carrying cash and control spending habits. With the usage of credit cards quickly on the decline due to the current economy, debit cards are now taking over as the plastic of choice for customers worldwide – and Visa and MasterCard have taken notice!
The best debit cards are also the ones that carry no hidden fees. Unlike credit cards, debit cards carry no high interest rates, since it's your money that's being spent, and not a loan from a credit card company. Additionally, the best debit cards carry overdraft protection plans.
Due to the fact that banks tend to charge large overdraft fees, debit cards that are worth your while will be linked to another one of your bank accounts or credit cards. This is done so that in case you spend more money than what is in your bank account, the purchase will be made through your backup account or credit card – therefore, you'll never have to fork over your hard-earned money to bank's overdraft fees again!
The best debit cards are also catching on to credit cards in another arena: protection. Visa offers zero liability in case your prepaid debit card is compromised in any way. You will not be liable for any fraudulent charges on your Visa debit card account.