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Why should I use my debit card?

Posted by Bradley Ruhmann on Jan 13, 2021 4:00:00 PM
    

One reason is our new “Use It. Love It. Win It.” Sweepstakes.* You can earn $500 just by using your Charlotte State Bank & Trust Visa® Debit Card for everyday purchases. Sound good? Check out the official rules and details.

The sweepstakes is not the only reason to use your debit card. You may already be using it for dining and entertainment, groceries, gas, shopping online, and monthly bills like utilities, cell phone plans, gym membership, auto insurance, and much more.

What are some of the other advantages of using a debit card?

  • Convenience. Regular debit card users appreciate how fast and easy transactions are made.
  • Reduced dependency on cash and checks. Writing checks is time consuming and antiquated. Many vendors no longer accept personal checks, and even if they do, you have to be careful and monitor your account balance to avoid overdraft fees. It only takes a moment to complete a purchase with a debit card.
  • No debt. With a credit card, it's easy to purchase anything you want, even if you don't have the funds, which can lead to enormous credit card debt. WalletHub.com reports that Americans began 2020 owing more than $1 trillion in credit card debt.
A debit card draws on money you already have. Retailers know people usually spend more when using plastic than if they were paying cash. By using debit cards, impulsive spenders can avoid the temptation of credit and the interest, late fees, and other charges paid by those who do not pay off their credit card balances each month. With debit cards, you don't have to remember to pay the credit card bill every month.

  • No approval necessary. If you have poor credit, it can be difficult to be approved for a credit card and the interest rate will likely be sky high. Debit cards require no application or minimum credit score, and most just require you to have a checking account.
  • Fraud protection. Insert your card rather than swiping it. The introduction of chip card technology for debit and credit cards has stopped a lot of point-of-sale fraud.
Downloading the bank’s MobiMoney app allows you to manage your Visa® Debit Card from the palm of your hand. You can receive instant card usage alerts, turn your card on or off, limit the use of your card based on location or merchant, and place spending limits. Learn more and download the app.

Why choose a Charlotte State Bank & Trust Visa® Debit Card? Visa’s industry leadership is your assurance of capability and quality at the highest level. Here’s what sets Visa apart:

  • The Visa Network – widely accepted around the world, with over 46 million merchant locations globally.
  • A commitment to uncovering debit potential and increasing usage.
  • Sophisticated risk and fraud detection techniques to safeguard transactions.
All this, PLUS the chance to win $500! That’s a real win-win for everybody.

*No Purchase Necessary | See Official Rules at http://www.uselovewin.com.

Click here to see some recent winners.

Posted by Bradley Ruhmann

Brad Ruhmann, Marketing Director, oversees all marketing operations of the Crews holding company and its banks and develops its marketing strategy and vision. Being passionate for his profession and having great knowledge of all things marketing, he balances a practical mindset with a creative business acumen and leads people through complex marketing operations. Manages a team of enthusiastic marketing professionals and directs their marketing efforts, focusing on data-driven results.

Topics: Business, Mobile Banking, Savings, debit card