US Debit Card : Benefits of The New Dibz Card

By: EconomyWatch Content Team   Date: 3 February 2010

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One of the greatest challenges for people in the current economy next to mortgage foreclosure is credit card debt.  Unfortunately, many people misuse credit cards, which sets a bad example to the new generation.  As a way of teaching younger people how to be responsible with credit so they never find themselves in the same situation as millions of other people in the United States, a new type of US debit card called Dibz had been developed.

This US debit card is unique in that it can be used as a learning tool but much more.  In this case, the cardholder would have the ability to spend money but without paying an interest rate or fees.  This particular card is currently being marketed by a company called iDial Networks.  The concept is that people have a US debit card that looks and acts like a traditional debit card.  However, the difference is that the card would be purchased for a nominal fee and then deposit money into the associated account.

That way, when the Dibz US debit card is used to make purchases or make payments to creditors, the dollar amount would be deducted from the account.  Once the balance available becomes low or reaches zero, the cardholder would simply decide how much to “load” the card with, again bringing spending balance up.  For instance, if the account was down to $10, the person could choose to deposit $100 or $1,000 into the account, which would again become the balance available for spending.

As a teaching tool, this US debit card gives the cardholder control as to the amount of spending since the limitation is the balance in the account.  The nice thing is that for people who cannot get credit card approval, anyone can get a Dibz card.  In addition, while these cards are offered through some financial institutions, they are primarily sold in stores, similar to the way people buy phone cards.

In addition to being a great learning tool, this US debit card also makes online purchases easier and more convenient.  In fact, the purchase is 100% safer.  The reason is that when an online purchase is made with a merchant using a standard credit card, that person’s name and other personal information is identified.  However, with the Dibz card, no information is shared since the transaction goes through as if paying with cash.

Consumers are also provided a choice of design for this US debit card, which allows them to show a little personality or interest.  For instance, there are cards that feature the world’s best female in-line skater and more.  One of the best things about this US debit card is that the cardholder can actually earn points just as with a rewards credit card.  This means as points build, all types of items could be purchased through vendors and auctions.  Finally, the Dibz US debit card is unique in that it also provides discounts on long-distance phone calls, which would be ideal for someone in college.
 


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