{"id":452961,"date":"2025-07-08T15:03:43","date_gmt":"2025-07-08T19:03:43","guid":{"rendered":"https:\/\/milesopedia.com\/?p=452961"},"modified":"2025-08-21T11:27:17","modified_gmt":"2025-08-21T15:27:17","slug":"eq-bank-card","status":"publish","type":"post","link":"https:\/\/milesopedia.com\/en\/reviews\/products\/eq-bank-card\/","title":{"rendered":"EQ Bank Card: Our Review"},"content":{"rendered":"

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Whether spending at home or while travelling, ATM fees and other hidden costs can be very sneaky in how quickly they add up. Luckily, the EQ Bank Card<\/strong><\/a> can help keep these expenses at bay.<\/p>\n

In this article, we review the EQ Bank Card<\/strong> to help you decide whether it’s a good card to add to your wallet.<\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”What Is the EQ Bank Card?” css=”” el_id=”what_is_the_eq_bank_card_”][vc_column_text css=””]<\/p>\n

The EQ Bank Card<\/strong> is one of the many financial products offered by EQ Bank<\/a>.<\/p>\n

Unlike traditional banks, EQ doesn\u2019t offer a debit card option for you to access your account funds. Instead, the EQ Bank Card<\/a> is a prepaid Mastercard that you load with funds from your EQ bank account<\/a>.<\/p>\n

[\/vc_column_text][vc_single_image image=”244084″ img_size=”medium” alignment=”center” style=”vc_box_rounded” css=””][vc_custom_heading text=”How is the EQ Bank Card different from a traditional debit card?” font_container=”tag:h3|text_align:left” css=”” el_id=”how_is_the_eq_bank_card_different_from_a_traditional_debit_card_”][vc_column_text css=””]<\/p>\n

Given that the EQ Bank Card<\/strong> is essentially a credit card and not a debit card, there are few key differences that are important to note:<\/p>\n

First, your EQ Bank Card<\/a> is not attached to your EQ bank accounts, so you’re not able to just spend the available account balance(s). Instead, you need to load funds from your bank account onto your EQ card, and you’re then limited to spending however much you’ve loaded \u2013 though, of course, you’re able to add more money whenever you’d like.<\/p>\n

Additionally, the EQ Bank Card acts like a credit card<\/strong>, not a debit card<\/strong>. This is convenient in that it lets you make online purchases from retailers that don’t accept debit cards, but it also means that you can’t use this card at smaller retailers that only accept cash and debit.<\/p>\n

Pleasantly, unlike traditional debit cards, the EQ Bank Card lets you earn 0.5% cash back on all your purchases<\/strong>, giving you a little something extra back whenever you use it.<\/p>\n

[\/vc_column_text][vc_single_image image=”344216″ img_size=”large” alignment=”center” style=”vc_box_rounded” css=””][vc_custom_heading text=”How do I get an EQ Bank Card?” font_container=”tag:h3|text_align:left” css=”” el_id=”how_do_i_get_an_eq_bank_card_”][vc_column_text css=””]<\/p>\n

Getting an EQ Bank Card is incredibly easy:<\/p>\n

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  1. Open and fund a personal EQ bank account<\/a> through the EQ website<\/li>\n
  2. Order your free EQ Bank Card<\/a><\/li>\n
  3. Add money to your card by transferring funds from you EQ bank account<\/li>\n
  4. You’re all set and ready to spend!<\/li>\n<\/ol>\n

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    <\/div>[\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Advantages and Disadvantages of the EQ Bank Card” css=”” el_id=”advantages_and_disadvantages_of_the_eq_bank_card”][vc_column_text css=””]<\/p>\n

    As a prepaid Mastercard, the EQ Bank Card<\/strong> comes with a bunch of advantages and a handful of disadvantages, so let’s take a look at both.<\/p>\n

    [\/vc_column_text][vc_custom_heading text=”Advantages” font_container=”tag:h3|text_align:left” css=”” el_id=”advantages”][vc_column_text css=”” el_class=”checkmarks”]<\/p>\n

    In terms of advantages, the EQ Bank Card<\/a> has more than a few! Some of the perks of having this card include:<\/p>\n