Posts Tagged ‘prepaid debit cards’

Prepaid Credit Cards For Holiday Spending

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Prepaid Credit cards are an easy and save way for anyone who wants to control spending or is worried about fraud and and possible loss.

Especially in busy seasons  like Christmas, year end or holiday times it can be a challenge to keep spending under control. Besides the negative, a prepaid credit card can be a great gift for any occasion too.

Since it is getting increasing difficult to find the right gift, a pre paid credit card can be the answer for any one not sure what to give or running short on time.

Prepaid Credit Cards as Gifts and Control Spending | Wedding …

Giving prepaid credit cards will avoid you from the hassle of choosing items for gifts since you can let the receiver to choose their own gift with the card. It is a unique gift that symbolizes your love and care to your family and …

Prepaid Credit Cards: Basic Things To Take Into Consideration

Prepaid credit cards are said to be very beneficial. They are easy to apply for and to get. In most cases you don’t even have to attach your credit report to the credit card application. But still, before you do that, I suggest that you …

Starting off with Prepaid Visa Credit Cards

If that frightens you from taking another plastic, why not prefer a prepaid visa credit card, or else? These are a kind of credit cards that are now becoming popular. As a matter of fact, several organisations have in any case been …

Related prepaid card articles

• Industry Study: Prepaid Cards Cheaper Than Checking Accounts? (pindebit.blogspot.com)
• Prepaid Debit Cards Are Money Sucking Black Holes In Your Pocket [Hidden Fees] (consumerist.com)

Prepaid Debit Cards Belong Under the Tree This Holiday Season

Continuing the tradition seen in 2007 – Prepaid Debit Cards, such as those offered by NetSpend, are the most sought after gift of this holiday season.  According to the recently released Archstone Consulting 2008 Holiday Gift Card Survey – prepaid bank cards are the most desired gift by gift recipients – as they were in 2007.Prepaid debit cards are safe to use and in fact – if your card is lost or even stolen – the card gives you protection from unauthorized transactions.  Another great reason to put NetSpend pre-paid debit cards under the tree is because there are no overdraft fees and everyone is approved – regardless of credit.  They are also much more versatile than a store branded gift card which will only work at that particular store.  Prepaid debit cards can be used similar to cash and are widely accepted at restaurants and stores.One of the main reasons I like pre-paid debit cards from Netspend is because it takes away from the uncertainty of will they like this?  Will it fit?  Will they use it?  My family loves prepaid Debit Cards and I can load the amount of money on the card that fits all my gift giving needs.It’s also very easy to buy a prepaid debit card and the convenience of being able to order online 24/7 is great.  Netspend  prepaid Debit Cards are my gift of choice throughout the year and I even made sure to include one loaded with funds in a care package just sent to my grandson in college.  I can reload the card throughout the year and make sure my grandson always has enough money to meet his needs.This year, consider giving a reloadable debit card that gives your recipient the freedom to shop anywhere that their card is accepted.

Prepaid Debit Cards

There are many different benefits to using prepaid debit cards for your financial needs. The cards work just like cash, and yet can often be accepted as a credit if needed. The way that a prepaid card works is that you put the money on there that you want to spend, and then you spend it as needed. At any time, you can reload the card, either over the phone, online, or in person at an authorized merchant, depending on the type of card that you buy. There are many different prepaid debit cards that you can get, from traditional bank cards and visa cards to gas cards and store-specific cards. Basically, a prepaid debit card will work like a gift card and, in most cases, you will find that you aren’t restricted as to where you can use it.

Prepaid debit cards are notoriously associated with being safer than cash and offering those who can’t get credit cards or bank accounts a chance to have a card that can work for them. You can use a prepaid card to pay bills, buy things that you need, and to appear to others as a fully capable individual, because you’re not limited to paying with cash anymore. It might seem silly to base your emotions on having a debit or credit card, but many people do feel financially ashamed because they don’t have these valuable tools in their financial arsenal.

Having prepaid debit cards is a great option for many different reasons. One big reason, though, is that you can control exactly how much (or how little) you spend. For example, if you need to spend $100 on groceries, you can load up the card, and then get what you need, and you won’t have to worry about overspending because you know that you only have that $100 to work with. It’s a great way to help yourself budget money, and can be a little safer than carrying around $100 in cash.

With the increasing popularity of prepaid debit cards, there are an increasing number of ways to use them. They’re great for people who don’t have a bank account but don’t want to carry cash. These cards are also great for teenagers, as a way to teach them money management skills by limiting the money that they have access to. It also makes them feel more important because the money is on a card, rather than just handing them cash for their expenses and needs. It doesn’t matter how or why you use prepaid debit cards, because they’ve got an endless array of uses.

Prepaid Cards

Prepaid cards are a type debit cards that draws down a balance that is already loaded or deposited on the card. Prepaid cards are commonly called prepaid credit cards. There are different types of Prepaid cards based on the function they serve including gift cards, travel cards, payroll cards, and general purpose prepaid cards. Unlike debit cards, Prepaid cards typically do not require opening of checking account at a bank. The companies that issued the card and allow customer to access their funds by using it to purchase goods and services wherever a visa or MasterCard debit is accepted maintains the card balances. Cardholders can also use the Prepaid Card like a check card by withdrawing cash from their balance at ATM locations worldwide. These cards are designed for long term use and generally FDIC (Federal Deposit Insurance Corporation) insured, which means that if the issue of the card has financial troubles you can get your money back.

· These Signatures based prepaid cards will allow reloading to the card. Like the other prepaid cards, it can be connected to a bank account, and in some cases may allow you to have your payroll check directly deposited into the account.

There are three ways to use a Prepaid Card

· Use it with Signature Purchase: – A prepaid card can be used anywhere Visa or MasterCard is accepted. (E.g. restaurants, movie theaters, clothing stores, drugstores, supermarkets, etc). Like a regular credit card, cardholders simply sign the receipt after swiping the card

There are numerous benefits from Prepaid cards. These include:

· Accessibility – There are no credit checks and no Check System checks to get a Prepaid Card. and can get transaction history. Anyone can get a Prepaid card. Certain state and federal laws does require government issued ID to get a Prepaid Card.

·Easy Reloading. It’s easy to add more money to the card so the card can be used over and over again. Prepaid cards allow direct deposit of Payroll Checks, Commission Checks, Expense Reimbursement, Government Checks (Social Security, IRS, Medicare, Unemployment, Disability, Welfare, Military, etc.). Save on check cashing fee. Save a trip to cash to the check. And get paycheck even if not in the office. Certain Prepaid Cards allow you to add more money at drug stores and grocery stores so you can have 24/7 accesses to your money.

·Safety – If you are buying online or on the phone and your card is used fraudulently you can get your money back. If you lost your card, Visa and MasterCard has lost/stolen protection.

·Control – Prepaid cards are an ideal way to control the spending of children and employees as it gives transaction history and don’t let people spend more than what they have on the card.

·No debt risk: – With a prepaid card there is no chance of spending too much as it is limited to the amount put on the card. There is usually no way to overdraft a prepaid card like a bank account thus customers can avoid overdraft fees that can go up to $40 per overdraft.

·The card for travel: – As well as being able to top up the card, depending on the specific provider, it can be used in ATMs worldwide. If lost, a new prepaid can be issued from the card provider. Some providers even offer 0% foreign exchange fees.

Prepaid Cards are suitable for those who do not have a bank account and who regularly face inconvenience in cashing their paycheck and making routine payments like for utilities and phone bills. This Card is not a credit card. It is prepaid. Because no credit is granted and no payments are required, this Card does not build credit history.