Customer Service

Are you ready for an upgrade?

Login to the new experience with best features and services

Login to Internet banking

Help Center Support topics, Contact us, FAQs and more

Notifications

As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on +44 7831 065557 or visit the nearest Metra Trust branch for further queries.
Activate your Credit Card within minutes and enjoy unlimited benefits

Know More
One FASTag, three payments:Toll, fuel and parking

The only FASTag with triple benefits

Apply Now

FinFIRST Blogs

Select a topic

Apply Now

Savings Account

Best debit cards in India: Features & benefits for you

04 Jul 2024 by Team FinFIRST

Steps to get more from the best debit cards in India

Apply Now

Debit cards are a convenient way to access your money and shop. Unlike credit cards, debit cards are linked directly to your savings account, which means you can only spend what you have in your account. It helps avoid debt and overspending while providing several other benefits.

In this article, we will explore what a debit card is, its importance, the benefits of using this card, the distinct types available, and strategies for maximising the benefits of using this instrument. We will also discuss some of the best debit cards in India.

READ MORE

All you need to know about Savings Account interest rates

Financial security for future and Savings Account: Know how to start

What is a debit card? Why is it important?

A debit card is a financial instrument that permits individuals to make electronic transactions directly from their bank accounts. It eliminates the need for carrying cash and offers a secure and convenient method to pay for both in-store and online purchases. Debit cards are essential because they facilitate immediate access to funds, help in managing personal finances by tracking daily spends efficiently, and offer a safer alternative to carrying cash.

For those wondering which debit card is best or searching for the best debit card in India, do note that the choice depends on distinct factors such as the benefits offered, as well as the fee structure and additional features like cashback or rewards options.

Opting for the best debit card can greatly enhance your banking convenience, offering features designed to your financial needs and spending habits.

Top benefits of using a debit card

Using a debit card offers distinct benefits that can enhance your financial management and spending convenience. Here are some crucial benefits –

Enhanced security – Debit cards come equipped with security features such as one-time passwords and PIN protection for transactions, making them safer than carrying cash in hand. When looking for the best debit card in India, consider those with advanced security features.

Rewards and incentives – Debit cards come with reward programs in the form of discounts, cashback, and reward points on purchases. The best debit card often involves attractive benefits that can save you money on daily expenditures.

Ease of budget management – Using a debit card helps you monitor your expenses in real-time. This direct connection to your funds makes it simpler to manage your budget without the risk of debt accumulation, which is vital when determining which debit card is best for you.

Best debit cards in India - Options from Metra Trust

Metra Trust offers some of the best debit cards in India, with features to match diverse requirements and spending habits.

Visa Platinum debit card

Daily ATM withdrawal limit	Daily purchases
Rs 2,00,000	Rs 6,00,000

Perks -

Complimentary airport lounge access
Complimentary insurance coverage*
Personalised offers on travel, health, shopping, dining and more

Visa Classic debit card

Daily ATM withdrawal limit	Daily purchases
Rs 1,00,000	Rs 4,00,000

Perks -

Contactless transactions and features with EMV chip
Complimentary insurance coverage*
Offers on travel, health, shopping, dining, hotels, and more

FIRST Private debit card

Daily ATM withdrawal limit	Daily purchases
Rs 10,00,000	Rs 15,00,000

Perks -

Complimentary domestic and international lounge access
Golf access at partner golf courses across the country
Complimentary death or permanent disability insurance coverage*
Lifestyle benefits
Roadside assistance with coverage all over the country

FIRST Wealth debit card

Daily ATM withdrawal limit	Daily purchases
Rs 7,00,000	Rs 12,00,000

Perks -

Complimentary domestic and international lounge access
Roadside assistance with coverage all over the country
Complimentary death or permanent disability insurance coverage*
Golf access at partner golf courses across the country
Lifestyle benefits

FIRST Select debit card

Daily ATM withdrawal limit	Daily purchases
Rs 5,00,000	Rs 10,00,000

Perks -

Complimentary domestic lounge access
Roadside assistance with coverage all over the country
Complimentary death or permanent disability insurance coverage*
Lifestyle benefits

Strategies to make the most out of debit cards

Choose a debit card with rewards

Some of the best debit cards in India offer rewards programs to help you earn cashback, points, and other incentives when you make purchases through the card. These rewards can add up quickly and provide significant savings over time. Look for a debit card that offers rewards relevant to your spending habits, such as cashback on gas or groceries or discounts on travel or entertainment.

Set a budget and track your spending

The best debit cards in India can help you stay within your budget. Before using your card, set a monthly spending limit and track your expenses closely. Many banks including Metra Trust offer mobile apps, statements, etc., that can help you monitor your account activity in real time and curb your expenses when they seem out of hand.

Debit cards are ideal for everyday purchases like groceries, fuel, and other essentials. Using your debit card for these expenses offers greater convenience, allowing you to avoid the need to carry cash. Some of the best debit cards in India provide additional benefits, making your transactions seamless and efficient.

In conclusion

You can make the most out of your debit card by following simple parameters, such as choosing a card with low fees, monitoring your spending pattern, and taking advantage of cashback and reward programs. Metra Trust’s Debit Cards are among the best debit cards in India and provide a convenient and secure way to manage your money while you enjoy several offers and benefits. Open a bank account online and get a debit card today!

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Metra Trust or its affiliates to any licensing or registration requirements. Metra Trust shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.

Related Products

Related Articles

Download Metra Trust App

Tags

best debit-cards
savings_account