Advantages of Debit Card
30 Sep 2021

Advantages of Debit Card

Make banking more manageable with the plethora of benefits offered with debit cards.

Key Takeaways

  • You can easily procure a debit card by opening a bank account
  • You can go cashless since many establishments accept debit card payments
  • You can use the card to pay for shopping, entertainment, online payments, etc.
  • You must input the 4-digit PIN at retail outlets while making payment
  • The withdrawal or payment amount gets deducted instantly from your account

As more and more businesses go cashless, the modes of payments are also gradually changing. A debit card is one of the most preferred modes of transaction for most people because it is simple, quick, and safe. It has also eliminated the need to carry cash as most establishments accept debit cards for payment. There are many advantages of debit cards and knowing them will help you make better use of them. Keep reading and learn what you can do with your debit card.

Advantages of Debit Card


The introduction of debit has eased the mode of transactions. It is hassle-free, and the payment is directly debited or deducted from your account. As such, you do not have to worry if the transaction will or will not be processed. Moreover, you can withdraw money from an ATM using your debit card, eliminating the need to visit your bank for cash withdrawal.


Most banks offer rewards for using their debit card. You can earn points and redeem them in the same way as you would with your credit card. Additionally, some merchants also offer rewards for shopping with them on specific debit cards. You can either win points or get discounts on their products or services.


Debit cards come with a default PIN (Personalised Identification Number), which you can change. You will also receive SMS notifications whenever you make a transaction via your debit card. Also, you can make online payments by entering a One-Time Password (OTP) sent to your mobile number linked to your bank account.


Whenever you use your debit card, the amount gets debited directly from your account. Not only will you not go into debt for using your debit card, but you can also keep track of your spending to help you in your budgeting.


Some banks also offer EMIs on debit cards, especially on online, big-ticket purchases. To check whether you can avail of the EMI on debit cards facility, you need to contact the customer care helpline of your bank.

Easy Application

The list of debit card benefits includes the fact that it is freely provided to you when you open a bank account. You do not have to apply for a separate debit card. The bank gives you a welcome kit featuring your debit card, PIN, net banking details, and cheque book. You can visit the ATM of your bank to activate your debit card and set a new PIN.


With so many advantages of debit cards, you can truly enjoy a seamless banking experience without ever having to visit the bank. Ensure that you never reveal your secret debit card PIN to anyone to avoid fraudulent transactions. Also, check your bank statement each month, and if you find any unauthorised transactions, inform your bank immediately.

Happy shopping with the DBS Bank debit card! Download the app to open your digital savings account instantly.

*Disclaimer: This article is for information purposes only. We recommend you get in touch with your income tax advisor or CA for expert advice.