Debit cards for cashback transaction purchase

Nowadays it is hard to imagine life without a bank card. There are two main types of bank cards: credit and debit.

A debit card is a banking product used for cashless payments with the cardholder’s funds. Unlike a credit card, a debit card does not allow you to borrow from a bank. A debit card is compared to a wallet containing money. The most important advantage of debit cards is that it is possible to deposit money to the card account at any time, this payment instrument does not require monthly deposits and interest payment for the use of bank funds.

Key features of debit cards:

– Each citizen can dispose of any number of such cards;
– when issuing a card to his account – zero;
– Cards can be opened using different currencies;
– The card can be opened even for a child;
– Debit card can be used to pay salaries.

So, the main functional purpose of a debit card is convenient and affordable storage of funds, while the financial management of the card is easy using modern online services. You can top up your account, withdraw cash through the terminal, or just buy goods or pay for services using an account.

You can apply for a debit card online on the website of the bank of your choice or in person at the bank branch. However, the online method will be faster and easier in time.

In addition, many debit cards have a cashback.

Cashback is the return of a certain portion of the amount spent on purchases from a debit card account. Card returns are made for debit card use for cash purchases, but currently the most popular cashback option is to credit points for debit card purchases. In addition, points earned can be exchanged for cash or discounted for future purchases.
Umico Cashback is a refund of part of the money spent on goods and services to the bonus account in the Umico and BirBank mobile apps https://kapitalbank.az/cards/simpleCards/birkart-umico-debet. . Cashback bonuses are equal to real money – they can be paid for when buying in Umico’s network of partners. To credit Umico and Kapital Bank partner bonuses, two cards must be presented at the time of payment – BirCard Umico Bank Card and Umico Bonus Card.

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Published: 03.02.2022

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source: Freelance Job