A new cobrandsuber debit card from GreenDot's GoBank unit offers drivers 3% extra cash back on purchases if they use PIN debit cards instead of traditional credit cards, reaffirming the continuing existence of PINs in a digital age. GreenDot is a leading global merchant bank and works with all of its clients to provide solutions to boost customer satisfaction and increase sales. This initiative is in line with the company's ongoing efforts to make its customers' transactions as easy and convenient as possible.
Drivers using this card to make purchases can be rest assured that their money is safe, as this debit card has been designed with security in mind. The driver needs to swipe his or her card, and then use it to pay for the product he or she wants to purchase. When swiping the card, the driver is asked whether the transaction is going to be a credit or debit card. If the debit card is swiped, the cache will automatically flow out of the account.
This debit card also has a chip-enabled security system. If the swipe card is lost, stolen or compromised in any way, the driver will immediately be notified via text message or email. An emergency call number will be included, along with instructions for returning the card to the authorized recipient.
The card will be deducted directly from the driver's accounts after he or she makes his or her monthly payments. The money earned on this card will go toward fueling his or her vehicle. This helps cut down on the risk of using cash at gas stations and saving on expenses. This also protects the driver from fraudsters who might attempt to use fake cards.
Drivers who are using this debit card to earn cash rewards for their business transactions are not required to have this card at all times. They just need to keep their debit card handy for emergencies. In addition to saving money, they are also able to get the same-day service.
With debit cards, users can expect to receive reward points every time they use their cards. The amount of points increases every time the card is used. GreenDot's debit cards also offers free credit monitoring, which allows the user to monitor his or her spending habits and apply a chargeback program to make certain expenditures appear as the result of unauthorized spending.