What are debit cards with interest accruals?

The most important difference between debit cards and credit is that debit involves the use of own funds, and credit - bank funds.

Debit cards are something like a modern savings book. Replenish the balance, and money is saved in the bank account. If required, it is possible to withdraw funds or, conversely, to deposit.

Debit cards do not differ in their functionality from other types of bank cards. They enable you to pay for goods and services, withdraw cash, make money transfers, track your bills when using online banking.

How do you accrue to the balance of funds

Debit cards with interest calculation, as a rule, assume an accrual of 0.01 percent per annum. That is, if you have hundred thousand rubles in one account for one year, your account will be replenished by 10 rubles. This rate is very low. But for today between banks there is a rigid competition for each client, therefore they try to offer rates much more favorably. Even so much so that debit cards with interest accrual become a serious substitute for a simple deposit in a bank. For example, some banks offer interest rates up to eleven percent per annum.

After you perform any operation on a debit card, do not forget to check your balance. This will save you from surprises and troubles.

How are debit cards issued with interest accruals

In order to issue a credit card with interest accrual, you need to apply to the bank and file an application. Each bank issues cards on its own terms and with its own tariffs. The difference is sometimes significant. Annual card service can cost up to two thousand rubles. The minimum balance on the account in order to accrue the maximum interest, ranges from 5 to 50 thousand rubles.

How to choose

All debit cards with interest calculation should be chosen with the mind and take it very seriously. It is important to calculate how much and how you spend money in cashless or cash way you pay, how far are ATMs and much more. Correctly selected debit card can become for you not only a very convenient payment instrument, but it will also allow you to save your funds, and also bring additional income. Some banks also have various bonus programs that allow you to accumulate bonuses from purchases. These bonuses can be paid in shops, at gas stations, in the end, to pay for a mobile phone.

Which bank is better

Here everything will depend on you. But a few tips can still be given. First, carefully look at what tariffs, as well as how much is the annual maintenance. Secondly, pay attention to the availability of commissions, whether there are hidden payments or whether everything is transparent.

You will also have to choose a payment system. If you like to travel, then ask what payment system, in which country it operates, what it will be more convenient for you to use, etc.

We wish you a successful choice of the card!