Suncorp Visa Debit Card: A Sign Of The Times

Technology has changed the way we communicate, work, travel and even shop. In the past, people had to walk into a shop, choose a product from the shelves and hand over cash for payment. Now, almost anything can be paid for online or over the phone with a credit card. This is very convenient, but when you get your credit card bill at the end of the month you may find yourself wishing you had chosen another way to pay.

The Suncorp Visa Debit card offers the convenience and security of Visa without the bill. How? By allowing you to access your own money rather than rely on credit.

The Suncorp Visa Debit card works by linking your Suncorp transaction account with the worldwide Visa network. This means you have the flexibility to use your card around the world wherever credit cards are accepted, but you can only spend the money you have in your account, so you won't be getting into debt.

When using a Suncorp Visa Debit card at a point of sale or ATM, you use it in the same way you would use your EFTPOS card, you just press the credit button instead of cheque or savings. Visa Debit purchases don't attract any transaction fees and can be used over the phone or internet.

Fees do apply when using your Suncorp Visa Debit to withdraw money from non-Suncorp ATMs. Generally, you should try to avoid doing this, as you will be charged $5 for any amount up to $1000. Plus, if you use your Suncorp Visa Debit Card overseas, you will be charged as above, and be hit for 2% of the total Australian dollar value of the transaction as a Foreign Currency Conversion Fee.

There is no annual fee for the Suncorp Visa Debit card, and providing you don't overdraw on your card, you will pay no interest. If you overdraw on the amount of money in your account, this is effectively like taking a loan from the bank, so interest would be payable.

Generally, using a product like Suncorp Visa Debit card is a good way get in control of your financial situation, especially if you have had problems with overspending in the past. A Visa Debit card means that you are forced to be disciplined in your spending and stick to a budget, as you can spend only the money that you already have.