New Types of Debit Cards from Capital One: Are You Planning to Use It?
Capital One has fashioned a new type of debit card, and the company is hopeful that it can substitute the conventional debit cards as well as credit cards. This new debit card can be associated to whichever account you have in any bank and can be utilized for purchases or ATM withdrawals. There are no fees charged, and Capital One will provide rewards parallel to their credit card program. Individuals who hold a Capital One credit card, for instance, are able to collect rewards from the rewards programs the company made for their customers. Earning the same level of points, miles or cash back can be made using whichever kind of card under Capital One.
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Presently, the new debit card is being presented to those clients who are holding credit cards with Capital One. However, it will be soon available to everyone. The major problem I have when using debit cards is the deficiency of consumer protection program. For instance, if my debit card is stolen, there is a big chance that my bank account will be empty of money, and the banks will not credit my account unless proper investigation must be done. That is risky for me as well those who have the card. This debit card actually put forward benefits comparable to credit cards.
If ever the card is stolen and fraudulently transactions are made. The client should right away inform Capital One and not the bank where their accounts are kept. Capital One will pay back the fraudulent charges to the linked checking account within a day. However, that is not enough to protect me and my money. If ever my number is stolen and not my card, then I will not immediately identify that any fraudulent charges have been made until I will receive the statement or check my activity online.
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At times, I usually verify my activity more or less each day. Not all cardholders do such things, and I cannot have self-assurance that I will always have the ability or time to do it. I think I’ll stick with credit cards and paying off the balance I have each month for now.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Capitalone.com
Smartmoney.com
Ehow.com
