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What is a gift card?
Also known as brand vouchers, gift vouchers and brand cards, gift cards are a digital mode of payment which carries a amount along with a pin / card no. You can buy these gift cards and use them to pay on 300+ brand online and offline as well.
Why should I use a gift card?
Gift cards help you get great value on your purchase with a brand. They simplify giving, help with budgeting, and are easily sent across distances, ensuring your thoughtful gesture brings joy and value.
How to use a gift card?
To use a gift card, simply present it at the time of purchase in-store or enter the card’s unique code at checkout when shopping online. The amount of your purchase will be deducted from the card's balance.

Reasons why paying with debit/credit card may not be a good idea

Last updated :
March 10, 2024

minutes read

Paying with a debit or credit card can be a convenient way to make purchases, but it may not always be your best option. Ask us, how? Here are some reasons why you should look for alternative payment methods while spending your money. 

Reasons why paying with debit/credit card may not be a good idea

Security concerns 

Credit and debit card fraud is a major problem in India. Skimming and other forms of card fraud are becoming increasingly common, and it can be difficult to recover stolen funds. If you're concerned about the security of your personal information, it might be best to stick with cash or other forms of payment that don't require you to share sensitive data.

High fees

Many credit and debit cards in India come with high fees, including annual fees, late payment fees, etc. These charges can makes it more expensive to use a card than to pay with cash or another form of payment like virtual cards. 

Limited acceptance

While credit and debit cards are widely accepted in major cities, they may not be accepted everywhere in India. In rural areas or small towns, cash is still the primary form of payment. This means that if you're traveling or doing business in these areas, you might not be able to use your cards.

Limited protection

Unlike cash, cheques, or virtual cards, credit and debit cards offer limited protection against fraud or disputes. In case of any fraudulent transactions, it may take weeks to get the money back and you may not be able to get all your money back.

How virtual payment cards are the safest option to spend your money? 

Virtual payment cards are payment vouchers with a predetermined amount that belongs to a certain brand. Unlike Debit and Credit cards, you don't need to physically carry virtual payment cards. In contrast to debit and credit cards, you do not need to know their card PIN. Moreover, there is no risk involved sharing the details of these cards.  

Why use the Hubble spending account to generate virtual payment cards? 

Hubble Money is a unique spending account that gives you 10X faster returns than your savings account. You can deposit your spending money and watch it grow every day by 0.1%, i.e, 10% in 100 days. You can use your deposit & earnings to generate a virtual payment card and buy anything you want from our brand partners. 

We have partnered with 30+ top brands like Amazon, Myntra, Uber, Swiggy, Zomato, Flipkart,  and more to deliver the most rewarding spending experience to you. 

Over To You

All in all, while credit and debit cards can be a convenient way to make purchases, they may not be the best choice in India due to security, fees, limited acceptance, hidden costs and limited protection. It's important to weigh the pros and cons before deciding which form of payment to use.

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😎 Top selling gift cards now
😎 Top selling gift cards now
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