Payment cards are the most advanced ways of making payments for your purchases and transactions. However, they are several different types of cards available to choose from, which include debit cards, credit cards, and prepaid cards.
In this article, we are going to discuss the purpose of prepaid cards and how they are advantageous for you. Read on to discover more about this special type of plastic money.
In order to make it easy for you to understand the basic purpose of these cards, we are explaining them individually. In this article, we will specifically focus on prepaid cards and will evaluate how these cards are more beneficial than the others.
However, there is one major difference between prepaid cards and debit card program and that is: in order to use a debit card, users must have an active account in a bank. On the other hand, for those using prepaid cards, they don't need bank accounts. Rather, a virtual account is enough to proceed.
However, there is one major difference between a prepaid card and a debit card program. In order to avail a prepaid card, it is not compulsory to have a real bank account as you can proceed with a virtual one as well. But in order to use a debit card, it is mandatory to have an active account in a certified bank.
But all the features of a prepaid card are not similar to that of debit card programs. Contrary to debit cards, prepaid cards do not demand the user to have a real bank account; rather, a virtual account is enough to use this card.
Prepaid card is usually issued without a credit check, which means regardless to your previous credit score, you can always apply for and avail this card.
Since prepaid cards offer no credit, it automatically saves you from the worries of debt and high interest rates.
No credit automatically means that no money will be deducted from your savings as interest.
Just like credit and debit cards programs, Visa prepaid card are accepted all over the world, which means this card is not limited to a specific location or time.
These cards additionally bring travel benefits and can be used around the world, which means that by using them, you will be free from worries about finding ATMs or carrying cash on trips.
These cards come with travel benefits too, besides working as standard payment cards, which means, their usage will spare you from worrying about finding ATM or carrying cash.
In this article, we are going to discuss the purpose of prepaid cards and how they are advantageous for you. Read on to discover more about this special type of plastic money.
In order to make it easy for you to understand the basic purpose of these cards, we are explaining them individually. In this article, we will specifically focus on prepaid cards and will evaluate how these cards are more beneficial than the others.
However, there is one major difference between prepaid cards and debit card program and that is: in order to use a debit card, users must have an active account in a bank. On the other hand, for those using prepaid cards, they don't need bank accounts. Rather, a virtual account is enough to proceed.
However, there is one major difference between a prepaid card and a debit card program. In order to avail a prepaid card, it is not compulsory to have a real bank account as you can proceed with a virtual one as well. But in order to use a debit card, it is mandatory to have an active account in a certified bank.
But all the features of a prepaid card are not similar to that of debit card programs. Contrary to debit cards, prepaid cards do not demand the user to have a real bank account; rather, a virtual account is enough to use this card.
Prepaid card is usually issued without a credit check, which means regardless to your previous credit score, you can always apply for and avail this card.
Since prepaid cards offer no credit, it automatically saves you from the worries of debt and high interest rates.
No credit automatically means that no money will be deducted from your savings as interest.
Just like credit and debit cards programs, Visa prepaid card are accepted all over the world, which means this card is not limited to a specific location or time.
These cards additionally bring travel benefits and can be used around the world, which means that by using them, you will be free from worries about finding ATMs or carrying cash on trips.
These cards come with travel benefits too, besides working as standard payment cards, which means, their usage will spare you from worrying about finding ATM or carrying cash.
About the Author:
Finally, think of how the VISA prepaid cards and MasterCard are accessible easily and worldwide. This is exactly why debit card program is a little less favorable among the cardholders.. Unique version for reprint here: What Are The Benefits Of Using A VISA Prepaid Card?.
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