Mastercard stands as a global financial services firm, dedicated to simplifying and securing electronic transactions for individuals, businesses, and banks across the world. Their array of products includes credit cards, debit cards, and more. By using Mastercard’s extensive payment network, people can conveniently shop, transfer funds, and perform various financial activities worldwide. Mastercard is renowned for its widespread acceptance, playing a pivotal role in the global payments industry.
What is a Mastercard Debit Card?
A Mastercard debit card is a digital payment tool issued by banks and financial institutions worldwide. It is affiliated with the Mastercard payment network. With the Mastercard debit card, cardholders can withdraw cash from ATMs and make purchases. The card will be linked to the savings account of the cardholder and the amount will be directly deducted from the savings account for every swipe.
Mastercard debit cards are widely used for purchases online as well as offline at retail stores. The transactions made with these cards are safe and secure. Various discounts, offers, cashback, reward programs, fraud protection, etc., are the perks associated with these cards. One major benefit is the flexibility of fixing the domestic and international offline and online mastercard purchase limits to suit your requirements.
Owing to the ease of financial transactions, global reach, and reliability, Mastercard debit cards have become a popular choice. Managing personal finances and accessing funds becomes effortless with a Mastercard debit card. In addition, easy tracking of transactions with the Mastercard helps manage finances efficiently.
Different Types of Mastercard Debit Card
Different types of Mastercard Debit Cards have been designed to suit the unique requirements of the users.
Standard Debit Card
The Standard Debit MasterCard is a convenient financial management tool. This card offers 24/7 banking services and tracks transactions electronically. Top Indian banks issue Mastercard debit cards. These cards are accepted by millions of global merchants, including hotels, restaurants, and online retailers. Additionally, you can set up automatic bill payments with it. Each transaction is protected by Zero Liability, and you can access emergency assistance anytime, anywhere, in any language. Services include reporting lost or stolen cards, ATM location assistance, emergency card replacement, and Cash Advances.
World Debit Card
You get an array of premium advantages with the World Debit Card. Transactions with this card have enhanced convenience and security. It is popular for its exceptional customer support and seamless travel experience. Several advantages given below are associated with the card.
- Room upgrades
- Early check-in and late check-out
- Daily breakfast for two and access to special amenities
- Exclusive dining offers globally
- 24×7 Concierge services including ticket bookings, dinner reservations, sourcing of gift items, and business-related arrangements.
- Zero liability protection for both offline as well as online transactions
- Round-the-clock emergency assistance
Platinum Debit Card
With Platinum Debit Card you can enjoy various privileges along with travel perks. The following are the perks you enjoy with the card
- Complimentary airport lounge access worldwide
- A concierge service that includes a dedicated meet-and-greet agent for assistance at the airport
- 15% discounts for transactions using the card
- Reservations at elite restaurants
- A complimentary bottle of wine for a minimum spend at select dining establishments
- Zero liability protection for unauthorised transactions
- E-commerce protection for secure online purchases
Features & Benefits of Mastercard Debit Card
Here are the key features and benefits of having a MasterCard Debit Card:
- With a MasterCard debit card, you enjoy uninterrupted access to banking services 24/7. Should you have any concerns or queries, simply reach out to the toll-free MasterCard helpline number located on the back of your debit card.
- MasterCard has achieved worldwide recognition through its international payment system. MasterCard debit cards are accepted in countries across South America, Australia, Asia, and Europe, ensuring your card’s usability wherever you go.
- Your MasterCard debit card allows you to both make purchases at retail stores and withdraw cash from ATM vestibules. You can also utilise ATMs worldwide for cash withdrawals by authorising international usage.
- Depending on your banking relationship, account type, and other factors like your average monthly balance, customers receive a variety of debit card options. The most commonly used variants include the standard debit card, the enhanced debit card, and the World Debit MasterCard. Typically, when opening a bank account in India, you will receive a standard debit card.
- MasterCard provides 24-hour customer support for debit card holders. In case your card is lost or stolen, you can easily contact the toll-free number displayed on the back of your card or find it online. This support is especially valuable when you are travelling abroad and misplace your card.
- Access to a vast network of ATMs, including the MasterCard payment network, is at your fingertips. Nearly all retail establishments that accept credit cards also accept debit cards as a payment method. Moreover, MasterCard debit card holders, including those with Maestro or Cirrus cards, can withdraw cash from over 900,000 ATMs around the world.
Types of Mastercard Debit Cards
There are 3 types of Mastercard Debit Cards
- Standard Debit Card
- World Debit Card
- Platinum Debit Card
Top Mastercard Debit Card Options in 2023
Banks and financial institutions issue Mastercard Debit Cards upon opening a savings or current account with them. The top Mastercard debit card options available at present are:
- ICICI Mastercard World Debit card
- HDFC Millennia Debit card
- SBI Global International Debit Card
- HDFC Times Points Debit Card
- PNB Mastercard Platinum Card
- PNB Mastercard Classic Debit Card
- PNB Mastercard Gold Debit Card
- BOB Mastercard Platinum DI Debit Card
- IndusInd Bank World Exclusie Debit Card
- IDBI Mastercard Classic Debit Card
- Axis Bank Mastercard Classic Debit Card
- IndusInd World Delights Debit Card
- RBL Platinum First Debit Card
- RBL India Startup Club Business Debit Card
How to Apply for Mastercard Debit Cards?
You can apply for a Mastercard Debit Card both online as well as offline.
To apply for the card online
- Visit the official website of the bank
- Under Products on the dashboard, choose the ‘Cards’ option
- Locate Debit Cards under the ‘Cards’ option
- Select the Debit Card of your choice as per your requirements
- Complete the form and submit it.
- The bank will accept the request after verification of the details provided in the application form.
- The card will be dispatched to your registered address within 10 to 15 days.
To apply for the card offline
- Go to the bank branch where you have your account
- Collect the application form for debit cards
- Submit the duly filled and signed application form at the counter
- The bank will verify the details in the application form and will either accept or reject the request.
- If the request is accepted, the card will be dispatched to your registered address within 10 to 15 working days.
Top Mastercard Debit Card Issuers in India
The top Mastercard debit card issuers in India are:
- State Bank of India
- HDFC Bank
- HSBC Bank
- Kotak Mahindra Bank
- ICICI Bank
- Axis Bank
- RBL Bank
- Yes Bank
- PNB
- Bank of Baroda
- IndusInd Bank
Mastercard Debit Card FAQ’s:-
The different types of Mastercard debit cards are:
Standard Debit Card
World Debit Card
Platinum Debit Card
No. You can link multiple accounts to your Mastercard debit card
You should immediately report the loss by calling the customer care helpline of the bank and get the card blocked. You can also place a request for a replacement card simultaneously.
If you get the card enabled for international use, you can use the card at International ATMs as well as for offline and online purchases abroad.
Mastercard vs Visa debit card is as given below:
Visa Debit Card
Mastercard Debit Card
Service charges applicable depends on the card volume
Global dollar volume is considered for applying service charges and a percentage of the volume is collected on your debit card
The variants available are Classic, Signature, Gold, Platinum, Signature, and Infinite
The variants available are Standard, World, and Platinum
The contactless pay mode used is VisapayWave
The contactless pay mode used is Paypass