27 May 2018
#BusinessBytes: All about the top 7 debit cards in India
Debit cards are payment cards linked to one's savings account. Customers can conveniently withdraw money at ATMs, deposit cash, shop offline/online, etc.
It allows them to spend their saved money from the linked bank account, but there's more to it. There are several types of debit cards having different requirements, offering various services and rewards.
Here are 7 popular debit cards. Take a look!
Burgundy Debit Card
The premium Burgundy World Debit Card by Axis Bank
Axis Bank's Burgundy World Debit Card is one of the best premium cards available to Burgundy Account holders.
With zero issuance/annual fee, it has a daily withdrawal limit of Rs. 2L, Rs. 6L purchases limit, Rs. 6L lost-card liability, Rs. 15L accidental insurance cover.
It offers free ATM withdrawals, zero fuel-surcharge, four movie-tickets (BookMyShow.com), eDGE loyalty rewards, 15% off on dining, airport lounge access.
This premium HSBC debit-card offers some of the finest privileges
The HSBC Premier Platinum Debit Card comes with no issuance or annual fees and a daily cash withdrawal and purchases limits of Rs. 2.5L each.
It has a Rs. 1L lost-card liability and Rs. 5L accidental insurance cover. It gives customers access to 24x7 concierge services, dining privileges, VISA Platinum Offers, and spend rewards.
However, it has no fuel-surcharge waiver and entertainment offers.
Coral+ Debit Card
This ICICI card is packed with premium benefits, convenience, rewards
ICICI Bank's Coral+ Debit Card has a daily cash withdrawal limit of Rs. 1L and purchases limit of Rs. 2L. It has no issuance fee but Rs. 2,998 annual fee.
Joining bonuses include SRL Diagnostics discount-voucher and Kaya Skin Clinic gift-voucher.
Customers receive complimentary Ola Select subscription, MakeMyTrip cashbacks, buy-one-get-one-free movie tickets (BookMyShow/InoxMovies/CarnivalCinemas), airport lounge access, 15% off at select restaurants, PAYBACK points.
SBI Debit Card
The basic debit card from SBI with minimal charges
SBI's Classic Debit Card is one of the best available basic options with zero issuance fee and Rs. 125 annual maintenance charges.
It offers a daily cash withdrawal limit of Rs. 40,000 (5 free ATM-transactions monthly) and purchases limit of Rs. 50,000. Cardholders can earn Freedom Rewardz points.
However, there's no fuel surcharge waiver; also, entertainment and travel offers and dining benefits aren't provided.
The HDFC Woman's Advantage Debit Card exclusively for women
HDFC EasyShop Woman's Advantage Debit Card is India's first debit-card for women. With a Rs. 150 renewal fee, it has a daily withdrawal limit of Rs. 25,000 and purchases limit of Rs. 1.75L.
Customers receive cashback for every Rs. 200 spent on groceries, utilities, online purchases, dining, apparel, and entertainment; 50% off on locker fees; fuel surcharge waiver. It provides Rs. 5L death cover.
Online Rewards Card
A good option for those who prefer online shopping
Axis Bank Online Rewards Debit Card is a great option for those who frequently shop online as it offers additional rewards on online purchases.
With Rs. 500 annual fee, the card has Rs. 50,000 daily withdrawal limit, Rs. 4L purchase limit, Rs. 1L lost-card liability, Rs. 5L personal accident-cover.
Customers can earn eDGE points, enjoy 15% off on dining, 10% discount on movie-tickets (BookMyShow).
Titanium Debit Card
The HDFC EasyShop Titanium Debit Card
HDFC Bank's EasyShop Titanium Debit Card with an annual fee of Rs. 250 offers a daily withdrawal limit of Rs. 50,000, Rs. 1.75L purchases limit, and up to Rs. 5L lost-card liability.
Customers can avail interesting online shopping offers, SmartBuy deals, and fuel-surcharge waiver.
They can enjoy free airport lounge facility, too. However, the debit card is available only for salary account holders.
- 's Advantage Debit Card
- 's Burgundy World Debit Card
- Advantage Debit Card
- Axis Bank
- Axis Bank Online Rewards Debit Card
- Burgundy Account
- Burgundy World Debit Card
- Classic Debit Card
- Coral+ Debit Card
- EasyShop Titanium Debit Card
- Freedom Rewardz
- HDFC Bank
- HDFC EasyShop Titanium Debit Card
- HDFC EasyShop Woman
- HDFC Woman
- HSBC Premier Platinum Debit Card
- ICICI Bank
- Kaya Skin Clinic
- Ola Select
- SRL Diagnostics
- VISA Platinum Offers