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9 common mistakes to avoid with a debit card
A swipe for a cup of coffee at one’s favorite cafe and a tap at the mall for a new gadget or movie tickets are just a few benefits of a debit card in addition to withdrawing cash on the go and international usage. However, the card is linked to one’s bank account and could affect finances if misused. So, here are some common mistakes to avoid with a debit card. Not paying attention to the balance An individual who uses their debit card for credit-based transactions may notice it takes a few days for the purchase to show up on the account. If one relies only on the account balance figure when they log into the account online, they may risk transactions getting declined. This may occur when the balance does not reflect the money present in the account in real-time. So, one should keep a close eye on each transaction and make a note of it, if needed regularly, to ensure they are always aware of their bank balance. Transacting at a hotel Many people use their debit cards to pay for the room costs and security deposits. The deposit usually holds an amount on the card to cover unexpected costs or expenses that do not immediately show up on the itemized bill.
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