1. Personal Debit Cards
- The most common type of debit card linked to your savings or current account.
- Used for everyday purchases, ATM withdrawals, and online transactions.
- Example: SBI Global Debit Card, which offers Reward Points and secure, worldwide acceptance.
2. Commercial Debit Cards
- Designed for businesses and organizations to help manage expenses.
- Features like spending limits, expense tracking, and central control for organizations.
- Issued to employees for work-related expenses.
3. Rewards Debit Cards
- Offers cashback, discounts, or Reward Points based on spending patterns.
- Benefits typically apply to dining, fuel, travel, and shopping.
- Example: Axis Bank Value+ Debit Card, which provides rewards and perks on every purchase.
4. Business Debit Cards
- Tailored for small and medium-sized enterprises (SMEs).
- Includes cashback and discounts on business expenses.
- Helps with managing cash flow and separating personal and business finances.
5. Premium Debit Cards
- Targeted at high-net-worth individuals with exclusive perks like airport lounge access, travel insurance, and concierge services.
- Offers higher spending limits and luxury privileges.
- Example: Axis Rewards+ Debit Card with dining perks, lounge access, and more.
6. Virtual Debit Cards
- The digital version of a debit card, ideal for online transactions.
- Linked to your physical debit card but provides added security for e-commerce and subscription services.
- Perfect for those who want secure online transactions.