Despite the promotions and advantages offered by credit cards, an increasing number of Spaniards opt for commission-free debit cards. According to the latest edition of Mastercard's Retail Card Usage Barometer, debit cards are gaining ground in the financial market, surpassing credit cards. What makes these cards so attractive? HelpMyCash.com financial comparator experts analyze this trend and highlight which are the best free debit card options available on the market
The preference for debit cards is based on several reasons. First of all, the comfort and security they offer. “By using a debit card, consumers can make payments directly from their bank account, avoiding accumulating debt and controlling their spending more effectively. In addition, by not having an associated line of credit, there is no risk of falling into interest and accumulative debts”, the experts acknowledge.
Another key aspect that has driven the rise of debit cards is the increasing offer of free cards by banks. Many financial institutions offer commission-free debit cards, eliminating maintenance or issuance fees. This has made it even easier for this payment method to be adapted to the individual needs of each person.
Now, what are the best free debit card options on the market? The financial comparator experts have selected some of the most outstanding debit cards:
The Santander Online Account includes a debit card with no issuance or maintenance fees and allows free transfers in euros. In addition, with the card you can withdraw money at all Santander ATMs in the world. This account does not have maintenance fees and you do not have to pay your salary or receipts directly to contract it. It is free, whether or not you have your income domiciled in Santander.
On the other hand, the ING NoCuenta Account does not ask for payroll or receipts and has no maintenance fees. Your debit card is free and also, if an online purchase is made and the order does not arrive or arrives defective, it allows you to recover the money. Of course, the debit card is virtual, so to use it you will have to link it to Apple Pay or Google Pay.
With an intuitive and modern interface, the EVO Smart Account is free, has no requirements and offers a Smart Card with no issuance or renewal fees with which you can pay by debit or credit. In addition, with this card you can withdraw money abroad for free and save 2% at Galp gas stations.
Abanca is another of the large banks that offers a free debit card. In this case, the client must have a Clara Account, which can only be contracted by new clients. For those under 35 years of age, this card has no currency exchange commission and you can withdraw money for free up to five times a month throughout the world.
HelpMyCash experts remember that before deciding which account offers the most appropriate debit card, it is advisable to research and compare the characteristics of the different options available. And they remember the importance of carefully reading the fine print. “The Bank of Spain explains on its website that the commissions charged by entities are free, except in some specific cases. In the case of issuance and maintenance commissions, there is no limitation, so each entity can establish the commission that it decides ”, they maintain.
