The Debit Card, from Mastercard, is the smart new way to pay. The Debit Card is much like a prepaid credit card and is more versatile than ATM card because you can use it online or over the telephone. It is your check book and ATM card rolled into one, linking multiple accounts to just one card and it is much safer than carrying cash. Debit Cards are ideal credit cards for students who may have little credit history.

You can use your Debit Card at merchant locations paying directly from your checking account, or obtain cash when you need it from ATMs worldwide. This is a credit card with no annual fee and record keeping is simple as all transactions appear on your monthly statement. Returning goods or canceling services purchased with a debit card is treated as if the purchase were made with cash or a check.

Even though a Debit Card may display the Mastercard symbol, it is not a credit card so there are no high interest rate charges. Because your purchases are completely secured by your account even an applicant with a poor credit score will be approved. A Debit Card does not access a line of credit the way your Mastercard credit card does; it withdraws money directly from your account to pay for purchases.