Payments and financial transactions dated as long as human existence. This is one of the reasons why the human race has been improving incessantly in its methods of exchanging values and services. Payment, business transactions, and trade by barter are major ways of exchanging goods and services for their equivalent valuation and are part of our daily activities that keep us going while helping everyone achieve their desires. A debit card is also known as a bank card or a check card or a payment card used in place of cash in making certain transactions. It is a type of ATM card. An ATM card could either be a credit or a debit card. However, unlike a credit card, the money to be used with the card has to be only your bank account balance. Another aspect of this is the prepaid card which carries a stored value and can be used for particular transactions that are above the account balance. Know what is the best prepaid debit cards.
The question of the best debit cards is a very unique one as every card is best in its qualities but depending on the criteria of classification will it depend on which is best to be used for certain transactions.
Below is a list of the TOP 6 best debit cards in the United States of America
- MasterCard
- American Express
- Capital One
- Netspend
- FamZoo Inc
The list of the best cards is not limited to the aforementioned but are some of the selected best within the United States of America.
- MasterCard
MasterCard International is an international American financial solution company established in 1979. Their major job description is to process payments between banks and issue cards through the banks and provide financial services to customers through their banks. Master cards have three variations which are prepaid cards, credit cards, and the debit card which we are discussing in this article. Also, this company uses a prepaid debit card to issue payments in the 19th century to people who don’t have an account with the bank, and the money involved in such transactions is called the unbanked. One major well-known fact and benefit of using a mastercard is it is well recognized worldwide and it can be used for any type of transaction anywhere in the world, even outside the United States of America. The prepaid master card is reloadable for receiving transactions with a tax refund or other means.
- American Express
This Company is also an American multinational financial institution specializing in card payment services. Founded in 1850, the company has grown beyond expected as it has occupied a top space among the best card companies in the US. With its headquarters in New York City, this company has been able to serve the entire world and claim its space in the world. Moreover, the charges from this company are relatively low even though it is one of the best in the United States.
- Capital One
Capital One is a financial Corporation in America that specializes in credit cards, debit cards, loans, and banking. With its headquarters in Virginia, it claimed its space on the list of the best debit card companies in the US. This company has up to 750 branches and up to 2000 ATM locations which makes it easier for users to access financial transactions from within the US. Another thing about this company is that they offer a teen account for children above 8 years with a free debit card to the account and characteristic parental control.
- Netspend
This is a global payment company that is a registered agent of The Bancorp Bank, Metabank, and the Republic Bank and Trust Company. This company specializes in issuing debit cards and other financial services. With its headquarters in Texas, it has been able to provide financial services worldwide and can also boast thousands of employees. This company is ranked number 4 on the list and they also render certain debit card transactions for free. It can be used every day and it is very convenient to use.
- FamZoo Inc
This is a private family banking company specially designed to help parents teach their children how to earn, save and invest their money wisely. Founded in 2006, it has grown subsequently providing prepaid card services around the world.
Conclusion–
Making payments and doing business transactions during this 21st century has become very easy and encouraging that you can even go to a place where you would spend money. This has really helped in boosting the economic sector in the United States and beyond. Also, the debit card played a large part in the enforcement of cashless transactions and the prevention of money laundering.
FAQ
- What are the benefits of using my debit card?
Debit cards came along with numerous benefits for users that make it attractive to them and ensure continuous use of the payment and spending scheme initiative. Using your debit card makes it easy for a direct deposit from your bank account, it makes it easy to shop online, and it is highly safe and secure for every user with no chance of risking your money. This type of card also makes it easy for you to get cash back when making transactions on some websites.
