Banks.com.au - Australian Banking, Finance and Investments

The thought of buying items on credit does not suit everybody. It's very easy to find yourself in debt just charging shopping trips on your credit card and then quickly finding yourself with a bill you can't repay.

Debit Cards are available for people who don't like getting into debt but would still like to have some of the same benefits that a credit card offers.

There are two types of Debit Cards available through Australian banks. You can choose either a Mastercard Debit Card or a Visa Debit Card.

Debit Cards works just like a normal everyday Credit Card with the one notable exception. A Debit Card charges purchases against your savings account so that you don't have to worry about making repayments.

Another of the benefits associated with Debit Cards is the ease it provides for people who make purchases on the internet. Online shopping is a booming business and a Debit Card will give you the same advantages that a Mastercard or Visa Card holder will enjoy when buying online.

You can find the different Debit Cards available in our Tools section with a comparison chart also available for each of the credit, debit and charge cards offered by Australian Banks and financial institutions.