Virtual debit cards, also known as digital debit cards or virtual prepaid cards, are becoming increasingly popular due to the convenience and security they offer. These cards provide users with the ability to make online purchases, send money to friends and family, and make bill payments, all without the need for a physical debit card.
In this article, we will explore some of the best apps that offer free virtual debit cards, as well as the benefits and drawbacks of each app.
5 Best Apps For Best Virtual Cards
Venmo
Venmo is a popular peer-to-peer payment app that allows users to send and receive money from friends and family. The app also offers a virtual debit card that can be used for online purchases or to withdraw cash from ATMs. The virtual debit card is linked to the user’s Venmo balance, so they can make purchases using the funds they have in their account. Venmo also offers instant transfers to banks, making it easy to transfer money to and from your account.
Benefits:
- Free to use
- Linked to your Venmo balance
- Can be used for online purchases and cash withdrawals
- Instant transfers to banks
Drawbacks:
- Limited acceptance at merchants
- No direct deposit support
Square Cash
Square Cash is another popular peer-to-peer payment app that allows users to send and receive money. The app also offers a virtual debit card, called the Cash Card, which can be used for online purchases or to withdraw cash from ATMs. The Cash Card is linked to the user’s Square Cash balance, so they can make purchases using the funds they have in their account.
Benefits:
- Free to use
- Linked to your Square Cash balance
- Can be used for online purchases and cash withdrawals
- Instant transfers to banks
Drawbacks:
- Limited acceptance at merchants
- No direct deposit support
PayPal
PayPal is one of the largest and most well-known online payment services in the world. The app offers a virtual debit card, called the PayPal Cash Card, which can be used for online purchases or to withdraw cash from ATMs. The PayPal Cash Card is linked to the user’s PayPal balance, so they can make purchases using the funds they have in their account.
Benefits:
- Free to use
- Linked to your PayPal balance
- Can be used for online purchases and cash withdrawals
- Wide acceptance at merchants
Drawbacks:
- No direct deposit support
- Fees for some transactions, such as cash withdrawals at ATMs
Chime
Chime is a mobile banking app that offers a virtual debit card, called the Chime Visa Debit Card, which can be used for online purchases or to withdraw cash from ATMs. The Chime Visa Debit Card is linked to the user’s Chime account, so they can make purchases using the funds they have in their account. Chime also offers direct deposit support, so users can have their paychecks deposited directly into their account.
Benefits:
- Free to use
- Linked to your Chime account
- Can be used for online purchases and cash withdrawals
- Direct deposit support
Drawbacks:
- Limited acceptance at merchants
- No instant transfers to banks
Robinhood
Robinhood is a popular investment app that also offers a virtual debit card, called the Robinhood Visa Debit Card, which can be used for online purchases or to withdraw cash from ATMs. The Robinhood Visa Debit Card is linked to the user’s Robinhood account, so they can make purchases using the funds they have in their balance.
Benefits:
- Free to use
- Linked to your Square Cash balance
- Can be used for online purchases and cash withdrawals
- Instant transfers to banks
Drawbacks:
- Limited acceptance at merchants
- No direct deposit support
