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Mastercard Debit Card of February 2024

Apply for an Mastercard Debit Card. On 24.02.2024 you have access to 1 credit cards. Increase your chances of getting money — fill out a multi-application with a free credit rating check.
Offers: 1
Updated:
27.02.2023
15:30
Amscot
Azulos Prepaid MasterCard®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Credit Card Online Application of February 2024

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Reviews
CreditFresh
4.8
The application process was a breeze, and I received a response within minutes. This straightforward and prompt procedure proved to be a great help to me during a crucial time of need.
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JG Wentworth
4.6
The assistance I received was exceptional. My representative handled my case with care and provided all the necessary information...
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OneMain Financial
4.4
The loan application process was straightforward, and the representative I interacted with displayed patience, provided informative answers, and was quite pleasant throughout...
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My Funding Choices
4.6
The process was swift and straightforward, which was particularly helpful during a time when, despite my reluctance to seek assistance, I genuinely needed help.
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Plain Green Loans
2
The interest rate is shockingly high, and it feels like taking advantage of individuals facing financial challenges when unexpected expenses arise...
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Advance America
4.6
I have never encountered any issues with this company. They consistently deliver funds on time, and the repayment process is straightforward...
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Types of Mastercard Debit Cards

Mastercard is one of the largest payment networks in the world, offering a variety of debit cards to meet the needs of consumers. Here are some of the most common types of debit Mastercard:

  • Personal debit cards. Personal debit cards are the most basic type of Mastercard debit card, designed for everyday purchases and ATM withdrawals. These cards are linked to a personal checking account, allowing consumers to make purchases or withdraw cash without incurring debt.
  • Student debit cards. Student debit cards are designed specifically for college students, offering features such as parental controls, budgeting tools, and special discounts. These cards are often linked to a student checking account and may offer low or no fees.
  • Prepaid debit cards. Prepaid cards are a type of Mastercard debit card that is loaded with a set amount of money. These cards are not linked to a checking account, and instead, funds are loaded onto the card in advance. Prepaid debit cards are a popular alternative to traditional checking accounts, especially for people who may not have a good credit history or who don't want to incur debt.
  • Business debit cards. Business debit cards are designed for small and large businesses, offering features such as employee purchasing controls, simplified expense reporting, and fraud protection. These cards are linked to a business checking account, allowing businesses to make online purchases and withdraw cash for business expenses.
  • Rewards debit cards. Rewards debit cards are a type of Mastercard debit card that offer rewards for everyday purchases, such as cash back, miles, or points. These rewards can be redeemed for a variety of prizes, including merchandise, travel, and more.
  • Debit cards with overdraft protection. Some Mastercard debit cards offer overdraft protection, which can be a useful feature for those who want to avoid overdraft fees or have a tendency to spend more than what is in their account. This type of card will allow you to make a purchase even if you don't have enough funds in your account, but you'll need to pay back the overdraft amount plus any fees as soon as possible.

Pros and cons of Mastercard Debit Cards

Pros

  • Wide acceptance. One of the biggest advantages of Mastercard debit cards is their wide acceptance. Mastercard debit cards are accepted at millions of merchants worldwide, making it easy to use your debit card for everyday purchases or while traveling.
  • Enhanced security. Mastercard debit cards come with enhanced security features, such as zero liability protection, which protects you from unauthorized purchases made with your card. Additionally, many Mastercard debit cards help prevent fraud and unauthorized purchases in case of a lost or stolen card.
  • Convenient. Mastercard debit cards are very convenient to use. You can use them to make purchases online or in person, withdraw cash from ATMs, and even transfer funds to other bank accounts.
  • Rewards. Many Mastercard debit cards come with rewards programs, allowing you to earn points or cash back for purchases made with your card. These rewards can be redeemed for a variety of merchandise, travel, or statement credits.

Cons

  • Fees. Some Mastercard debit cards come with fees, such as monthly maintenance fees, ATM usage fees, and overdraft fees. These fees can add up over time and reduce the overall value of your debit card.
  • Limited spending power. Unlike credit cards, Mastercard debit cards do not come with a credit limit. This means that you can only spend what you have in your checking account, which can be limiting if you need to make an emergency purchase.
  • No credit building. Mastercard debit cards do not help you build credit, as they are not reported to credit bureaus. This means that if you are trying to improve your credit score, you will need to use other methods, such as a credit card or loan.
  • No interest. Unlike credit cards, Mastercard debit cards do not come with an interest rate. This means that you cannot carry a balance from one month to the next, as you are spending your own money.

Where to Get a Mastercard Debit Card

Mastercard debit cards are widely available through many credit card companies, banks, credit unions, and other financial institutions. Here are some ways you can get a Mastercard debit card:

  • Banks. Many traditional banks offer Mastercard debit cards as part of their personal banking packages. You can visit a bank branch near you and apply for a checking bank account which usually comes with a debit card.
  • Credit unions. Credit unions often offer Mastercard debit cards to their members. To join a credit union, you may need to meet certain eligibility criteria based on your employment, location, or other factors.
  • Online banks. Online banks like Ally, Capital One 360, and Chime offer Mastercard debit cards as part of their online banking services. You can apply for an account online and receive your debit card in the mail.
  • Prepaid debit cards. Some prepaid card providers, such as Green Dot, offer Mastercard debit cards that can be used wherever Mastercard is accepted. These cards are loaded with a set amount of money and can be used for purchases or withdrawals at ATMs.
  • Retail stores. The retailers, such as Walmart, offer Mastercard debit cards that can be used as both a store credit card and a debit card.

How to Apply for a Mastercard Debit Card

These are the steps you need to follow to apply for a Mastercard debit card:

  1. Determine your needs. Before applying for a Mastercard debit card, determine what you need it for and what your financial requirements are. Consider factors such as monthly usage, available balance, and transaction fees.
  2. Choose a financial institution. Choose a bank, credit union, online bank, or other financial institution that offers Mastercard debit cards. You can compare different institutions and their features to find the best one that meets your needs.
  3. Apply for a checking account. Most Mastercard debit cards are linked to a checking account. You'll need to apply for a checking account to get a Mastercard debit card. You can apply online or in person at a bank branch.
  4. Provide personal information. When you apply for a checking account and Mastercard debit card, you'll need to provide personal information such as your full name, address, social security number, and employment information.
  5. Fund your account. Once your checking account is approved, you'll need to deposit funds into the account to get your Mastercard debit card.
  6. Receive your card. Once you've deposited funds into your account, you'll receive your Mastercard debit card in the mail. Some financial institutions may also allow you to activate your card online or over the phone.
  7. Activate your card. Once you receive your Mastercard debit card, you'll need to activate it. You can usually activate it online or by calling the financial institution.

Top Mastercard Debit Cards

The best Mastercard debit card for you will depend on your specific needs and preferences, but some of the top options include the following:

Capital One 360 Checking

Capital One 360 Checking offers a Mastercard debit card with no monthly maintenance fees, no minimum balance requirements, and unlimited fee-free transactions at any Allpoint ATM. Additionally, Capital One 360 Checking offers a savings account with a competitive interest rate, making it a great choice for those looking to save money.

Chase Total Checking

Chase Total Checking is another great option for those looking for a Mastercard debit card. With this card, you'll enjoy access to over 16,000 Chase ATMs, online banking, and mobile check deposit. Additionally, you'll get a $200 bonus when you open a new account and complete certain requirements.

Fidelity Cash Management Account

Fidelity Cash Management Account is a high-yield cash management account that comes with a Mastercard debit card. With this account, you'll enjoy unlimited fee-free transactions at any ATM in the world, as well as the ability to earn 1.9% APY on all your cash. Additionally, the account comes with a suite of investment tools and resources, making it a great choice for those who want to grow their savings.

Wells Fargo Cash Wise Visa Debit Card

The Wells Fargo Cash Wise Visa Debit Card is another great option for those looking for a Mastercard debit card. With this card, you'll enjoy unlimited fee-free transactions at any Wells Fargo ATM, as well as access to over 13,000 ATMs nationwide. Additionally, you'll earn 1.8% cash back on qualified mobile wallet purchases for the first 12 months from account opening, making it a great choice for those looking to save money.

Discover Cashback Debit

Discover Cashback Debit is another great option for those looking for a Mastercard debit card. With this card, you'll earn unlimited 1% cash back on up to $3,000 in debit card purchases per month. Additionally, you'll enjoy access to over 60,000 ATMs nationwide and the ability to deposit checks remotely using your smartphone or tablet.

FAQ

Are there any Mastercard debit cards?

Yes, there are several Mastercard debit cards available. Mastercard debit cards can be linked to a checking account and can be used for making purchases, withdrawing cash from ATMs, and paying bills. Mastercard debit cards offer convenient and secure ways to access and use funds from a checking account.

Which banks offer Mastercard debit cards?

Many banks offer Mastercard debit cards to their customers. Some popular options for Mastercard debit cards include the Mastercard Debit Card from banks such as Chase, Bank of America, Wells Fargo, and U.S. Bank. These banks offer Mastercard debit cards as part of their checking account packages and allow customers to use the debit card to make purchases, withdraw cash from ATMs, and pay bills. 

Can I use a Mastercard debit card anywhere?

Yes, Mastercard debit cards can be used anywhere that accepts Mastercard as a form of payment. Mastercard is a widely accepted payment network and is accepted by millions of merchants, ATMs, and online merchants around the world. Whether a Mastercard debit card can be used at a specific location will depend on the merchant's policy and the card's network.

Is it better to have a Visa or Mastercard debit card?

Whether it is better to have a Visa or Mastercard debit card depends on the individual's specific financial needs and preferences. Both Visa and Mastercard are accepted by worldwide payment networks. Both networks offer similar features, such as the ability to make purchases, withdraw cash from ATMs, and pay bills. If you use your credit cards responsibly, you can benefit from them and succeed in building credit.