{"id":4653,"date":"2013-04-12T00:23:20","date_gmt":"2013-04-11T16:23:20","guid":{"rendered":"http:\/\/www.imoney.my\/articles\/?p=4653"},"modified":"2014-08-06T17:02:08","modified_gmt":"2014-08-06T09:02:08","slug":"about-debit-card","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/about-debit-card","title":{"rendered":"Things You Should Know About Debit Cards"},"content":{"rendered":"

\"dedit<\/p>\n

Over the years, bank cards (or debit cards) have started to gain more popularity. Besides the obvious reasons of convenience, the wide acceptance towards this facility also lie chiefly in the people\u2019s confidence in the security (due to the Personal Identification Numbers, or PIN) they come with.<\/p>\n

If you\u2019re planning on switching from other types of credit facilities to a debit facility, here are some information and tips that you might find interesting:<\/p>\n

<\/span>You could already own one<\/strong><\/span><\/h2>\n

Yes, take your ATM card out of your pocket and have a look.\u00a0 If it bears any of these words \u2013 VISA or MASTERCARD \u2013 it is a debit card.\u00a0In Malaysia, a normal ATM card with Malaysia Electronic Payment System (MEPS) facility can be used to carry out debit transactions but only with merchants that display the MEPS logo.<\/p>\n

<\/span>You won\u2019t get into debt with it<\/strong><\/span><\/h2>\n

Your card uses the money available in your bank account to make payments. So what you\u2019re doing is basically spending money you already have. To put it simply, there\u2019s no chance you\u2019ll get into debt with it.<\/p>\n

<\/span>You can still get into debt with overdraft facility<\/strong><\/span><\/h2>\n

However, if\u00a0your card comes with an overdraft facility (which allows you to spend more than what\u2019s in your account), that gives you the freedom to spend beyond your savings.\u00a0That, of course, means you\u2019ll still have a chance of getting into debt.<\/p>\n

<\/span>You can set a limit to control your spending<\/strong><\/span><\/h2>\n

Most banks in Malaysia set a daily spending limit of RM3,000 on your card. If you wish, you can scale it up or down to fit your preferences.\u00a0It\u2019s a great way to control your spending if you\u2019re a relatively undisciplined spender.<\/p>\n

<\/span>There are charges involved<\/strong><\/span><\/h2>\n

Despite common perceptions, fees and charges are part and parcel of owning a debit card.\u00a0The usual charges include: annual fee, cash withdrawal fee (RM1) at MEPS ATMs, cash withdrawal fee (RM8) at all other ATMs, interests incurred when you use your overdraft facility, and many others.<\/p>\n

<\/span>Your PIN does not guarantee 100% security<\/strong><\/span><\/h2>\n

Because it comes with a PIN, most people see it as a much safer payment instrument than a credit card. While this is, in some sense, true, it could also turn out to be a gateway to your accounts (if someone gets hold of your PIN). So make sure you\u2019re vigilant enough when you\u2019re using a bank card, all the time.<\/p>\n

Interested to know more? Read up on the basics of how debit cards work<\/a> and compare them<\/a> to find one that best suits your preferences and needs!<\/strong><\/h3>\n","protected":false},"excerpt":{"rendered":"

Over the years, bank cards (or debit cards) have started to gain more popularity. Besides the obvious reasons of convenience, the wide acceptance towards this facility also lie chiefly in the people\u2019s confidence in the security (due to the Personal Identification Numbers, or PIN) they come with. If you\u2019re planning on switching from other types… View Article<\/a><\/p>\n","protected":false},"author":1,"featured_media":5281,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11,241],"tags":[],"class_list":["post-4653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cards","category-debit-card"],"acf":[],"yoast_head":"\nThings You Should Know About Debit Cards<\/title>\n<meta name=\"description\" content=\"Debit cards are gaining popularity just like credit cards. Here are some interesting info and tips about debit cards you might find worthwhile to know about\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/about-debit-card\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Things You Should Know About Debit Cards\" \/>\n<meta property=\"og:description\" content=\"Debit cards are gaining popularity just like credit cards. Here are some interesting info and tips about debit cards you might find worthwhile to know about\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.imoney.my\/articles\/about-debit-card\" \/>\n<meta property=\"og:site_name\" content=\"iMoney Malaysia\" \/>\n<meta property=\"article:published_time\" content=\"2013-04-11T16:23:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2014-08-06T09:02:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2013\/05\/debit-card.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"259\" \/>\n\t<meta property=\"og:image:height\" content=\"194\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"iMoney Editorial\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"iMoney Editorial\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/about-debit-card#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/about-debit-card\"},\"author\":{\"name\":\"iMoney Editorial\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#\\\/schema\\\/person\\\/2dc429bac9840e75ad08ab242c57dcbb\"},\"headline\":\"Things You Should Know About Debit Cards\",\"datePublished\":\"2013-04-11T16:23:20+00:00\",\"dateModified\":\"2014-08-06T09:02:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/about-debit-card\"},\"wordCount\":447,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/about-debit-card#primaryimage\"},\"thumbnailUrl\":\"\\\/articles\\\/wp-content\\\/uploads\\\/2013\\\/05\\\/debit-card.jpeg\",\"articleSection\":[\"Cards\",\"Debit Card\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.imoney.my\\\/articles\\\/about-debit-card#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/about-debit-card\",\"url\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/about-debit-card\",\"name\":\"Things You Should Know About Debit Cards\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/about-debit-card#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/about-debit-card#primaryimage\"},\"thumbnailUrl\":\"\\\/articles\\\/wp-content\\\/uploads\\\/2013\\\/05\\\/debit-card.jpeg\",\"datePublished\":\"2013-04-11T16:23:20+00:00\",\"dateModified\":\"2014-08-06T09:02:08+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#\\\/schema\\\/person\\\/2dc429bac9840e75ad08ab242c57dcbb\"},\"description\":\"Debit cards are gaining popularity just like credit cards. Here are some interesting info and tips about debit cards you might find worthwhile to know about\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/about-debit-card#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.imoney.my\\\/articles\\\/about-debit-card\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/about-debit-card#primaryimage\",\"url\":\"\\\/articles\\\/wp-content\\\/uploads\\\/2013\\\/05\\\/debit-card.jpeg\",\"contentUrl\":\"\\\/articles\\\/wp-content\\\/uploads\\\/2013\\\/05\\\/debit-card.jpeg\",\"width\":259,\"height\":194},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/about-debit-card#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cards\",\"item\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/category\\\/cards\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Debit Card\",\"item\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/category\\\/cards\\\/debit-card\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Things You Should Know About Debit Cards\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#website\",\"url\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/\",\"name\":\"iMoney Malaysia\",\"description\":\"Everything you need to know about improving your personal finances.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#\\\/schema\\\/person\\\/2dc429bac9840e75ad08ab242c57dcbb\",\"name\":\"iMoney Editorial\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/484677d6814081d0b791a545e2dd7d826425b53411de07415367b72a884f01c8?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/484677d6814081d0b791a545e2dd7d826425b53411de07415367b72a884f01c8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/484677d6814081d0b791a545e2dd7d826425b53411de07415367b72a884f01c8?s=96&d=mm&r=g\",\"caption\":\"iMoney Editorial\"},\"description\":\"iMoney Editorial Team is composed of 4 writers with wide-ranging interests and areas of expertise. Their primary responsibility is to write financial-related articles to share and educate Malaysians on how to save, make and grow their money.\",\"sameAs\":[\"http:\\\/\\\/www.imoney.my\"],\"url\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/author\\\/chinglee\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Things You Should Know About Debit Cards","description":"Debit cards are gaining popularity just like credit cards. Here are some interesting info and tips about debit cards you might find worthwhile to know about","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.imoney.my\/articles\/about-debit-card","og_locale":"en_US","og_type":"article","og_title":"Things You Should Know About Debit Cards","og_description":"Debit cards are gaining popularity just like credit cards. Here are some interesting info and tips about debit cards you might find worthwhile to know about","og_url":"https:\/\/www.imoney.my\/articles\/about-debit-card","og_site_name":"iMoney Malaysia","article_published_time":"2013-04-11T16:23:20+00:00","article_modified_time":"2014-08-06T09:02:08+00:00","og_image":[{"width":259,"height":194,"url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2013\/05\/debit-card.jpeg","type":"image\/jpeg"}],"author":"iMoney Editorial","twitter_card":"summary_large_image","twitter_misc":{"Written by":"iMoney Editorial","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.imoney.my\/articles\/about-debit-card#article","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/about-debit-card"},"author":{"name":"iMoney Editorial","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/2dc429bac9840e75ad08ab242c57dcbb"},"headline":"Things You Should Know About Debit Cards","datePublished":"2013-04-11T16:23:20+00:00","dateModified":"2014-08-06T09:02:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.imoney.my\/articles\/about-debit-card"},"wordCount":447,"commentCount":0,"image":{"@id":"https:\/\/www.imoney.my\/articles\/about-debit-card#primaryimage"},"thumbnailUrl":"\/articles\/wp-content\/uploads\/2013\/05\/debit-card.jpeg","articleSection":["Cards","Debit Card"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.imoney.my\/articles\/about-debit-card#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.imoney.my\/articles\/about-debit-card","url":"https:\/\/www.imoney.my\/articles\/about-debit-card","name":"Things You Should Know About Debit Cards","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.imoney.my\/articles\/about-debit-card#primaryimage"},"image":{"@id":"https:\/\/www.imoney.my\/articles\/about-debit-card#primaryimage"},"thumbnailUrl":"\/articles\/wp-content\/uploads\/2013\/05\/debit-card.jpeg","datePublished":"2013-04-11T16:23:20+00:00","dateModified":"2014-08-06T09:02:08+00:00","author":{"@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/2dc429bac9840e75ad08ab242c57dcbb"},"description":"Debit cards are gaining popularity just like credit cards. Here are some interesting info and tips about debit cards you might find worthwhile to know about","breadcrumb":{"@id":"https:\/\/www.imoney.my\/articles\/about-debit-card#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.imoney.my\/articles\/about-debit-card"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/about-debit-card#primaryimage","url":"\/articles\/wp-content\/uploads\/2013\/05\/debit-card.jpeg","contentUrl":"\/articles\/wp-content\/uploads\/2013\/05\/debit-card.jpeg","width":259,"height":194},{"@type":"BreadcrumbList","@id":"https:\/\/www.imoney.my\/articles\/about-debit-card#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.imoney.my\/articles\/"},{"@type":"ListItem","position":2,"name":"Cards","item":"https:\/\/www.imoney.my\/articles\/category\/cards"},{"@type":"ListItem","position":3,"name":"Debit Card","item":"https:\/\/www.imoney.my\/articles\/category\/cards\/debit-card"},{"@type":"ListItem","position":4,"name":"Things You Should Know About Debit Cards"}]},{"@type":"WebSite","@id":"https:\/\/www.imoney.my\/articles\/#website","url":"https:\/\/www.imoney.my\/articles\/","name":"iMoney Malaysia","description":"Everything you need to know about improving your personal finances.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.imoney.my\/articles\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/2dc429bac9840e75ad08ab242c57dcbb","name":"iMoney Editorial","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/484677d6814081d0b791a545e2dd7d826425b53411de07415367b72a884f01c8?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/484677d6814081d0b791a545e2dd7d826425b53411de07415367b72a884f01c8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/484677d6814081d0b791a545e2dd7d826425b53411de07415367b72a884f01c8?s=96&d=mm&r=g","caption":"iMoney Editorial"},"description":"iMoney Editorial Team is composed of 4 writers with wide-ranging interests and areas of expertise. Their primary responsibility is to write financial-related articles to share and educate Malaysians on how to save, make and grow their money.","sameAs":["http:\/\/www.imoney.my"],"url":"https:\/\/www.imoney.my\/articles\/author\/chinglee"}]}},"_links":{"self":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/4653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/comments?post=4653"}],"version-history":[{"count":21,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/4653\/revisions"}],"predecessor-version":[{"id":11131,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/4653\/revisions\/11131"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media\/5281"}],"wp:attachment":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media?parent=4653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/categories?post=4653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/tags?post=4653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}