Are you looking for a money managing solution to keep your expenses under control? A prepaid card is the ideal solution to help you maintain your budget.
A prepaid card is not actually based on credit. It is based on the money that you have previously stored on the card for your use. Thus, although the transaction process is similar to that of normal credit cards, the money that you are using to make the purchase is your own.
In order to make credit transactions, you first need to purchase a prepaid credit card. Many banks, financial institutions, and even stores will provide you with the re-loadable card according to your requirements. Cards with co-branded card programs are also available for purchase from MasterCard and Visa.
For people who spend excessively, like teenagers, prepaid credit cards can become a means of learning to manage money in a better manner. Thus, whether you have gotten your card as a gift or via a co-branded card program, here is how you can use it to make your purchases:
At a Retail Store. Head out to a retail store and select the merchandise that you want to purchase. Keep this in mind that you will not be able to buy more than the money stored on the card. At the checkout counter, present your card to the cashier. Most retail stores have credit card machines with which they can swipe your card. Once the card is swiped, you will be asked to sign one copy of the receipt for the store, while you will keep the other one in your possession.
When You Visit a Gas Station. In times of emergency, when your car almost runs out of fuel, that is when your prepaid card comes in handy. You can swipe the card or ask the gas station's attendant to help you make the transaction.
When You Visit an Online Store. With so many businesses opening online retail stores, people can purchase goods and services sitting from anywhere in the world via prepaid credit cards, which has made shopping a breeze especially if they are linked with co-branded card programs.
For Utility Bills. You can also use your prepaid credit card to pay your monthly utility bills with ease. You can pay the bills online or in person, the choice is yours! Simply enter your card number online or ask the attendant at the counter to swipe it with a credit card machine and the bills are paid.
A prepaid card is not actually based on credit. It is based on the money that you have previously stored on the card for your use. Thus, although the transaction process is similar to that of normal credit cards, the money that you are using to make the purchase is your own.
In order to make credit transactions, you first need to purchase a prepaid credit card. Many banks, financial institutions, and even stores will provide you with the re-loadable card according to your requirements. Cards with co-branded card programs are also available for purchase from MasterCard and Visa.
For people who spend excessively, like teenagers, prepaid credit cards can become a means of learning to manage money in a better manner. Thus, whether you have gotten your card as a gift or via a co-branded card program, here is how you can use it to make your purchases:
At a Retail Store. Head out to a retail store and select the merchandise that you want to purchase. Keep this in mind that you will not be able to buy more than the money stored on the card. At the checkout counter, present your card to the cashier. Most retail stores have credit card machines with which they can swipe your card. Once the card is swiped, you will be asked to sign one copy of the receipt for the store, while you will keep the other one in your possession.
When You Visit a Gas Station. In times of emergency, when your car almost runs out of fuel, that is when your prepaid card comes in handy. You can swipe the card or ask the gas station's attendant to help you make the transaction.
When You Visit an Online Store. With so many businesses opening online retail stores, people can purchase goods and services sitting from anywhere in the world via prepaid credit cards, which has made shopping a breeze especially if they are linked with co-branded card programs.
For Utility Bills. You can also use your prepaid credit card to pay your monthly utility bills with ease. You can pay the bills online or in person, the choice is yours! Simply enter your card number online or ask the attendant at the counter to swipe it with a credit card machine and the bills are paid.
About the Author:
The perfect prepaid credit cards are the ones that are associated with a co-branded card program. So fund your prepaid card with a fixed amount today, and head for the nearest mall, without the doubt of overdraft!
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