3 reasons to have a bank card
A bank card has many advantages. It has a free maintenance and an accumulation of interest on the balance of its account. Withdrawing money from other banks' ATMs without commission is the main interest of having a bank card.
Choose the bank of your choice
Public banks or some "private merchants" are always well known. On the bank's websites, check whether the credit institution has a working licence and whether it participates in the deposit insurance scheme.
In addition, it is important to study other information about the bank. Scroll through the news feed for at least the last two years.
The lack of a rating can also serve as a kind of signal. Either the bank has no money for the services of a rating agency, or it did not like the rating and did not publish it.
Deciding what the card will be used for
The main difference between cards is who owns the money in the account. The bank or the cardholder himself. They only give access to the customer's money. You can't spend more than that.
In fact, an overdraft is the same as a customer can use if the account runs out of funds. Discovery cards are a cross between debit and credit cards. The amount of the overdraft is usually determined by the bank itself.
Thus, the interest is traditionally higher than for consumer credit. It is also higher for traditional bank cards. It is a loan product in its own right and gives access not to your money, but to the bank's money.
Contact the bank directly
It is necessary to soberly evaluate the options. Bonuses in the form of miles are unlikely to be beneficial for those who rarely travel. Firstly, it is better to use electronic aggregators, which offer a choice of parameters.
Regular use of a bank card increases the interest on a savings account in the same bank. If you are looking for offers on cards and not on savings accounts, you are unlikely to discover these terms with the help of an aggregator.