As more and more banks offer Visa debit cards with their accounts, the choices are quickly becoming overwhelming.
All Visa debit cards come with similar features available through Visa, including:
- Worldwide access to money through ATMs and EFTPOS
- A zero liability policy
- Emergency card replacement
- Greater online security through Verified by Visa
- Membership to Visa entertainment for exclusive discounts and promotions
More recently, Visa debit cards have also been issued with the option of contactless payment processing through payWave.
With a new Visa debit card, people simply have to tap their card to an eligible contactless payment machine and wait for it to be approved, which means no more swiping or inserting the card, a no need to sign or enter a PIN for smaller purchases.
But what really makes a Visa card the best possible option is how much flexibility the bank account it is linked to gives you.
A basic bank account, for example, could provide a Visa debit card but limit you to 15 free transactions per month before charging a small fee for debit card use, while a competitive bank account will offer something like unlimited free transactions.
Some Visa debit card accounts may even offer extras, like the NAB Gold, which offers complimentary overseas travel insurance, purchase protection and extended warranties.
Gold account holders at Citibank also get complimentary extras through their Visa debit card, like a free bottle of wine at restaurants in the Citibank Dining Program when the pay for their meal with their Visa card.
Visa Debit Card Checklist
If you are at a loss as to which bank account to choose for your Visa debit card, it is a good idea to consider a few things about the card first. Factors could include:
- How often the card will be used
- What kind of purchases it will be used for
- How frequently it will be used online or overseas; and
- What fees you want to avoid
By considering these factors when you are looking at different debit card options, you will be able to narrow down your search to a few select accounts. Then it is just a matter of looking at the finer details so that you can apply for the best Visa debit card for you.