Visa Debit Finally Comes To Canada. How It Can Save You Money ...
Filed under: Banks, Budgeting & Planning, Credit Cards, Debt, Saving, Shopping, Travel
It's looks like a credit card, but it's not. It's the CIBC Advantage Visa Debit Card -- a completely new type of product, for Canada at least. About 160 countries already use Visa and Mastercard debit products, which give consumers greater control of their finances by allowing them to ditch the credit card and make online, phone or overseas purchases using their debit card.This type of debit product was first introduced in the United Kingdom 23 years ago, and while Canada has been slow to jump on the bandwagon, elsewhere, the popularity of the cards continues to grow. Visa says the number of purchases made around the world using Visa Debit cards jumped 18% in the 12-months up until the end of June.
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