Mastercard Debit Card: Benefits, Charges, Features & Eligibility

Key takeaways: 

• Mastercard is a payment network which is recognised globally. It operates secured transactions globally. 
   
• In mastercard transactions, there are three essential parties, the cardholder, the bank and the merchant. 
   
• The mastercard has mastercard secure code that protects all your transactions. 

Bonus tip: 

Do you know? There is a big advantage of being a mastercard debit cardholder. You are not responsible in case someone makes unauthorised purchases with your card. 

 You can use your mastercard debit card freely at places even where cash is not accepted like hotels, stores or online. It allows you to live the lifestyle that you choose. The mastercard debit card is linked directly to your bank account. 

The mastercard debit card is like your digital wallet which is linked to your bank account. You can make any payment using your mastercard debit card and it will be like opening your digital locker instantly. 

For example, in my savings account, I have a total amount of ₹25,000. I used my mastercard debit card for online payment of ₹4,000 to buy clothes. 

Now, my remaining balance is ₹21,000 as there is no interest rate, no EMI and no repayment stress attached to my mastercard debit card. 

What is a mastercard debit card?

Mastercard is a globally known payment network that operates secured transactions globally. It is directly linked to your bank account. You can easily access 24/7 banking services if you are a mastercard cardholder. 

In case your mastercard debit card gets stolen or lost, you can call their toll free number as they provide 24 hours support service to their customers. You can also use a Mastercard Platinum Debit card for a mixture of benefits like travel benefits, privileges and experiences. 

What is Maybank Mastercard Debit Card

Maybank mastercard debit card is an enhanced ATM card with added Maybank. This card can be used to withdraw cash as well as to make purchases as a debit card. 

Any person who has Maybank's savings or current account and is above 18 years of age can easily use a Maybank mastercard debit card. 

Mastercard Debit Card Prepaid

Prepaid mastercard debit card is used for all the things you pay for, with cash. Prepaid method gives you an effective and easier way to manage your money. Whether you want to pay your bills, shop or manage your spending in an effective way, mastercard debit card prepaid is the best option. 

Benefits of using the Mastercard debit card prepaid

Below table shows some of the benefits of using the mastercard debit card prepaid: 

Overall, using the prepaid mastercard debit card is beneficial. 

Mastercard Debit Card Banks

Below is the list of banks in India that offer mastercard debit card: 

• SBI Global International Debit Card
• HDFC Times Point Debit Card
• ICICI Mastercard World Debit Card
• Axis Bank Mastercard Classic Debit Card
• IDBI Mastercard Classic Debit Card
• BOB Mastercard Platinum DI Debit Card 

These were some of the best mastercard debit card providers in India. 

Difference between Visa and Mastercard debit card

Both visa and mastercard debit cards provide a wide range of benefits like travel benefits, zero liability protection etc. However there are some difference between Visa and mastercard debit card which are listed in the below table: 

These were some of the key differences between Visa and Mastercard debit cards. 

For example, Neha uses her HDFC Visa Platinum Debit Card to shop for ₹18,000. The daily shopping limit of the card is ₹1,50,000. 

Remaining shopping limit =  ₹1,50,000 - ₹18,000 = ₹1,32,000

By using her Visa card, she was able to make this high transaction because of the card’s transaction limits and it is widely accepted. 

Conclusion: 

Overall, you can use your mastercard debit card to access easy and secured transactions everyday. You can use your mastercard debit card to make payments in stores, merchant places, online and internationally as well. The maximum withdrawal limit is the balance which is available in your bank account. The mastercard debit card is linked directly to your savings account. This helps you to maintain your savings and avoid going into any debt. The key feature of using the mastercard debit card is that it offers benefits like contactless payments, accepted globally and security features to prevent any kind of fraud. The usage of mastercard debit cards is a reliable way to modern digital and cashless transactions. 

FAQs: 

Is Visa more widely accepted than mastercard? 

Visa and mastercard both are widely accepted at online stores, merchant places with little to almost no difference. 

Is mastercard debit card accepted everywhere? 

Mastercards are generally accepted at almost every merchant place that accepts mastercard debit cards.

What is a prepaid debit mastercard? 

Prepaid mastercard debit card is used for all the things you pay for, with cash. Prepaid method gives you an effective and easier way to manage your money.

Which are the best banks that offer mastercard debit cards? 

Many banks offer mastercard debit cards like SBI Global International Debit Card, HDFC Times Point Debit Card, Axis Bank Mastercard Classic Debit Card etc. 

Can you use the prepaid mastercard for any purchase? 

Yes, prepaid mastercard debit cards are used for all the things you pay for, with cash.