Debit cards in Tamil
Definition:
According to various financial dictionaries and sources, the term “Debit card” is defined as:
**A debit card** is a type of payment card that is linked to a consumer’s checking or savings account. When a transaction is made using a debit card, the funds are immediately withdrawn from the associated account. In other words, the money is deducted from the account balance at the time of the transaction.
In contrast to a credit card, which allows the user to borrow money from the card issuer and pay it back later, a debit card uses the user’s own funds to make a purchase. Debit cards often have no interest rates or credit limits, as the user spends only the money they have available in their account.
Some common features of debit cards include:
* Immediate funds transfer from the linked account
* No interest rates or credit limits
* Transaction limits may apply (e.g., daily or monthly spending limits)
* ATM access may be available
* Online, in-store, and mobile payment options
Overall, debit cards provide a convenient and secure way for individuals to make purchases, pay bills, and access their funds without using cash.
Translation of ‘Debit cards’ in Tamil:
டெபிட் கார்டுகள்
Examples:
- Here are three unique example sentences using the word ‘debit cards’:
- 1. After a series of unauthorized transactions, Sarah had to cancel her debit cards and replace them with new ones to prevent further financial losses.
- 2. With the rise of mobile payments, many merchants have started to accept debit cards as a primary form of payment, making it easier for customers to make purchases.
Synonyms:
as debit cards do not have credit)
Note that some of these synonyms may be specific to certain regions or financial institutions, so the best synonym to use may depend on the context in which you are using it., Here are some synonyms for the word “debit cards”:
1. Check cards
2. ATM cards
3. Banking cards
4. Cash cards
5. Cheque cards (commonly used in the UK)
6. Electronic Funds Transfer (EFT) cards
7. Prepaid cards
8. Stored-value cards
9. Credit-card-like debit cards (note: this is a bit of a contradiction
Antonyms:
Antonyms for “Debit cards” could be:
1. Credit cards: While debit cards withdraw funds directly from the account, but they all represent alternative payment methods that do not involve using a debit card., but unlike debit cards, credit cards lend money to the user and require repayment.
2. Cash: Using cash eliminates the need for a card-based transaction.
3. Cheques: Cheques are a traditional method of payment that doesn’t involve using a card.
4. Prepaid cards: Prepaid cards are loaded with a specific amount of funds, they don’t automatically link to a bank account.
5. Gift cards: Gift cards are a type of prepaid card that is used to make purchases, but they are typically not linked to a specific bank account.
Note that these antonyms are not exact opposites
Related Words: