{"id":176100,"date":"2018-04-06T06:30:04","date_gmt":"2018-04-06T04:30:04","guid":{"rendered":"https:\/\/germistoncitynews.co.za\/?p=176100"},"modified":"2018-04-05T14:47:52","modified_gmt":"2018-04-05T12:47:52","slug":"common-debit-card-misconceptions-demystified","status":"publish","type":"post","link":"https:\/\/develop.citizen.co.za\/germiston-city-news\/news-headlines\/2018\/04\/06\/common-debit-card-misconceptions-demystified\/","title":{"rendered":"Common debit card misconceptions demystified"},"content":{"rendered":"<p>Despite debit cards being the most common form of bank card used by consumers, there are still a number of misconceptions about the card that exist.<\/p>\n<p>Ryan Prozesky, FNB Consumer Core Banking CEO, said taking time to get familiar with the overall use and added benefits of a debit card can help consumers realise that it is more than just a tool for withdrawing cash and swiping for purchases.<\/p><div class=\"stream-item stream-item-in-post stream-item-inline-post aligncenter\"><\/div>\n<p>He demystifies some of the common misconceptions about debit cards:<\/p>\n<ul>\n<li><strong>A debit card won\u2019t impact my credit profile <\/strong>\u2013 this is generally true. However, if you are using an overdraft facility which is linked to your transactional card it can either help improve or lower your overall credit score. If you do have an overdraft facility, lenders are able to track how you honour your overdraft repayments when deciding whether or not to grant you a loan.\u00a0 Make sure you deposit sufficient funds into your account on a monthly basis to settle your overdraft.<\/li>\n<\/ul>\n<ul>\n<li><strong>You don\u2019t get bank rewards from debit cards <\/strong>\u2013 although it is advisable for you to swipe your credit card to get maximum rewards, you can still qualify to get rewards when using your debit card. For example, FNB customers can join the eBucks Rewards Programme for free and get rewarded when using their qualifying debit cards for certain transactions, such as swiping or shopping internationally.<\/li>\n<\/ul>\n<ul>\n<li><strong>Debit cards can\u2019t be used for online shopping<\/strong> \u2013 over the past few years a number of online merchants started accepting debit cards as a form of payment, enabling consumers to conveniently shop online, while still enjoying the same convenience and security measures offered when using a credit card online.<\/li>\n<\/ul>\n<p>&nbsp;<\/p><div class=\"stream-item stream-item-in-post stream-item-inline-post aligncenter\"><\/div>\n<p><span style=\"color: #ff0000\">ALSO READ:<\/span><\/p>\n<p><a href=\"https:\/\/germistoncitynews.co.za\/175953\/vigilant-avoid-atm-card-fraud\/\" target=\"_blank\">Be vigilant and avoid ATM and card fraud<\/a><\/p>\n<p><a href=\"https:\/\/germistoncitynews.co.za\/176071\/ask-security-questions\/\" target=\"_blank\">Ask yourself these security questions<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Furthermore, VISA or Mastercard credit and debit cards are accepted by all online retailers who display the logos on their websites.<\/p>\n<ul>\n<li><strong>Using a debit card is expensive <\/strong>\u2013 always opt for swiping or using your card for purchases as this service is offered for free by banks, instead of withdrawing cash which can be expensive. If you really need cash rather use your debit card to withdraw at selected retailer till points, as this is more cost effective.<\/li>\n<\/ul>\n<p>Lastly, some consumers who have unfortunately been victims of crime still hold the view that debit cards are susceptible to fraud.<\/p>\n<p>\u201cDebit cards use the latest security measures and technology in the market.<\/p>\n<p>\u201cMost of the cards are chip and pin enabled, offering an added layer of security to consumers.<\/p>\n<p>\u201cHowever, the onus remains on consumers to always keep their pins and cards safe by employing effective security measures provided by their banks whenever they swipe or use their cards online,\u201d said Prozesky.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center\"><strong>Have a story?<\/strong><\/p>\n<p style=\"text-align: center\">Contact the newsroom by emailing: Melissa Hart (Editor)<span class=\"apple-converted-space\">\u00a0<\/span><strong><a href=\"http:\/\/germistoncitynews.co.za\/wp-admin\/germistoncitynews@caxton.co.za\">germistoncitynews@caxton.co.za <\/a><\/strong>or Leigh Hodgson (News Editor)<span class=\"apple-converted-space\">\u00a0<\/span><strong><a href=\"mailto:leighh@caxton.co.za\">leighh@caxton.co.za<\/a>\u00a0<\/strong>or\u00a0Kgotsofalang Mashilo (journalist)\u00a0<a href=\"mailto:kgotsofalangm@caxton.co.za\" target=\"_blank\"><strong>kgotsofalangm@caxton.co.za<\/strong><\/a><\/p>\n<p style=\"text-align: center\">Remember to visit the Germiston City News on the following social media platforms:<\/p>\n<p style=\"text-align: center\"><strong><a href=\"https:\/\/www.facebook.com\/germistoncitynews\/\">Facebook<\/a><\/strong><\/p>\n<p style=\"text-align: center\"><strong><a href=\"https:\/\/twitter.com\/GCNnews\">Twitter<\/a><\/strong><\/p>\n<p style=\"text-align: center\"><strong><a href=\"https:\/\/www.instagram.com\/germistoncitynews\/\">Instagram<\/a><\/strong><\/p>\n<p style=\"text-align: center\"><strong><a href=\"https:\/\/www.youtube.com\/channel\/UCblgxW6BRXTLGLQvpcumLqA\">YouTube\u00a0<\/a><\/strong><\/p>\n<p style=\"text-align: center\">Or add the GCN on<span class=\"apple-converted-space\"><b>\u00a0<\/b><\/span><strong>WhatsApp 079 406 1181<\/strong><span class=\"apple-converted-space\">\u00a0<\/span>or\u00a0<strong>BBM (BBM Pin: 7F102137)<\/strong><span class=\"apple-converted-space\"><b>\u00a0<\/b><\/span>today, to get all the latest news.<\/p>\n<p style=\"text-align: center\">Catch-up on more local news with our sister newspapers<span class=\"apple-converted-space\">\u00a0<\/span><strong><a href=\"http:\/\/bedfordviewedenvalenews.co.za\/\">Bedfordview Edenvale News<\/a><\/strong>,<span class=\"apple-converted-space\">\u00a0<\/span><strong><a href=\"http:\/\/albertonrecord.co.za\/\">Alberton Record<\/a><\/strong>\u00a0and<span class=\"apple-converted-space\">\u00a0<\/span><strong><a href=\"http:\/\/kemptonexpress.co.za\/\">Kempton Express<\/a><\/strong>.<\/p>\n<div class=\"stream-item stream-item-below-post-content\">\n<div class='tenancy_slot tenancy_slot_1 jannah_ad' style='display: none;' data-query-id='5a1a1135dba3bd7538a87ebc978dcafc'><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Debit cards use the latest security measures and technology in the market.<\/p>\n","protected":false},"author":78,"featured_media":73583,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"hasGravity":false,"cxt_article_byline":"Germiston City 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