Mastercard Debit Cards

Looking for a card with the convenience of a credit card but none of the debt? Compare Mastercard debit cards from Australia’s banks and credit unions in the table below.

Page last updated November 20, 2018

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Debit Card Resources

Reviews, news, tips and guides to help find the best debit card for you.

FAQs about Debit Mastercards

What if you could enjoy the convenience of a credit card without the fear of building up debt? Debit MasterCards offer an easy payment option that lets you access your own funds from your everyday account instead of borrowing money from the bank.

You can use your Debit Mastercard to make purchases at millions of outlets across the world, pay bills and make withdrawals from ATMs. The money gets directly debited from your account, so you can only use as much as you have at that given time.

MasterCard is a financial services corporation that connects financial institutions with merchants and cardholders globally to provide payments technology. A large number of Australian banks and credit unions offer Debit MasterCards when you open an everyday transaction account with them.

Different banks can vary on the features and rewards they offer with their debit cards, so it's important you compare the best deals on Debit MasterCards in our database before you narrow down your search. It's also helpful to read real customer reviews so you can make a more informed decision. To begin with, we've collected a list of frequently asked questions about Debit Mastercards that can kickstart your research.

How does a Debit MasterCard work?

A Debit MasterCard is a convenient replacement for cash and is directly linked with your everyday transaction account. Every time you make a payment using your debit card, it uses the funds available in your account. You can make payments and purchases at thousands of outlets across the world, withdraw cash from ATMs and make online payments using your Debit MasterCard.

How is a Debit MasterCard different from a credit card?

A credit card lets you make transactions by taking a short-term 'loan' from the bank, which you need to repay later with interest. A debit card on the other hand, uses the money from your account that is linked with it. Since you only use your own money, you don't have to pay any monthly bills for a debit card. Also, unlike a credit card, since your money on the debit card is treated like cash, you don't have to pay an extra fee while withdrawing money from your own bank's ATM.

How can I apply for a Debit MasterCard?

A MasterCard debit card is directly linked to the everyday accounts of certain banks. When you apply for a transaction account at one of these banks, you should automatically be eligible for a MasterCard debit card as well. However, in case you already have an account but not a debit card, you can visit your local branch or call your bank to apply for a card. Generally, you need to be at least 16 years of age, and have an Australian residential address, to be eligible for a debit card.

Can I get a Debit Mastercard card even if I don't qualify for credit?

You don't need to qualify for credit to get a Debit MasterCard. As long as you have an everyday transaction account, you can apply for a debit card.

Is it safe to use a Debit MasterCard?

Making transactions on a Debit MasterCard is a simple and secure process. Banks have an anti-fraud policy that protects you against unauthorised transactions made on your card. Also, whenever you make a purchase of over $100 you would be required to enter your PIN, adding an additional level of security. But do make sure you don't share this PIN with anyone and try to avoid letting anyone watch you enter your PIN at an ATM or a store. Using a debit card is also safer than carrying a stash of cash in your wallet, because in case you lose your card you can call your bank and block further transactions from your card.

Are online transactions secure with a Debit MasterCard?

Yes, the MasterCard SecureCode provides an added layer of protection for your card while making online transactions. This a private code that only you will know. You will first need to register and create this SecureCode, after which, every time you make an online purchase, you will be prompted to enter the code to confirm that it is an authorised purchase. For your card's security, it is advised that you don't share this code with anyone.

Can I use PayPass with my Debit MasterCard?

Yes, you can save some precious time by using MasterCard's PayPass technology, also known as Tap n' Go. If a retail outlet has a contactless payment reader, you can just tap or hover your debit card over the machine to make a purchase of less than $100. Your payment would be complete without having to swipe your card or enter a pin. Once your transaction is successful, the machine would either display an illuminated light or a confirmation message on its screen. It's like having the exact change at the billing counter. Also, because you don't need to handover your card to anyone, you reduce the risk of forgetting it anywhere.

Is there a withdrawal limit on my Debit MasterCard?

Generally, most debit cards have daily limits for cash withdrawals. So, if you are planning on making an expensive purchase (over $1000), you would need to plan your withdrawals in installments.

Can I get rewards for purchases made on my Debit MasterCard?

Many debit card providers offer rewards in the form of cash back deals, special offers on shopping at selected retail outlets or exclusive tickets or seating options for concerts or movies. Check with your bank if they have any rewards program applicable to your Debit MasterCard.

Where can I use a Debit MasterCard?

There are millions of outlets, ATMs and EFTPOS in Australia as well overseas that accept Debit MasterCards. You can also make purchases online and over the phone. It's also very convenient to pay your bills using your debit card. Just set up monthly debits for regular bills and you wouldn't have to worry about missing deadlines or late fees.

Are there instances when my Debit MasterCard won't be accepted?

Generally, debit cards are not accepted for holding deposits at places like hotels or restaurants. That's why, when you are travelling, it's a good idea to also have a credit card, which can be used for such purposes.

Debit Card Reviews

Commonwealth Bank
Commonwealth Bank Smart Access debit card review
Overall
10/10
Great banking experience

Commonwealth are continually delivering excellent services with confidence.

Commonwealth are continually delivering excellent services with confidence.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10

Gordana | Victoria

reviewed about 2 years ago

Westpac
Westpac debit card review
Overall
10/10
Fantastic service

Westpac are very helpful and have been in my life since the school days.

Westpac are very helpful and have been in my life since the school days.

Price
8/10
Features
7/10
Customer service
10/10
Convenience
10/10
Trust
7/10

Jeff | Queensland

reviewed about 2 years ago

Commonwealth Bank
Commonwealth Bank Smart Access debit card review
Overall
7/10
Great banking experience

Good services, there is a room for improvement.

Good services, there is a room for improvement.

Price
7/10
Features
7/10
Customer service
8/10
Convenience
8/10
Trust
6/10

Priyanka | Western Australia

reviewed about 2 years ago

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