Friday, 8 May 2015

All You Need To Know About A Prepaid Card.

By Brian Moore


You must have seen a small plastic card in the hands of your parents, co-workers, and strangers as well. Those small plastic things are called credit cards.

Prepaid Credit Cards - What are they? A prepaid card is a method of making payments for goods and purchases you wish to obtain. You can use the card to access money from your bank account from an ATM or make purchases from stores that accepts them. However, you cannot exceed a certain limit.

The card looks just like a debit card or any other card, but it comes with a spending limit. For instance, say you have a card which has a limit of $50,000 and you wish to purchase merchandise worth $60,000; you can pay the excessive amount in cash or you can purchase unnecessary items later when you have the amount.

The benefit of owning a prepaid card is that it can be availed in many ways. It can be used at a grocery store, at a casino, even at a gas station or anywhere you wish to make payments. These cards are the safest to go about, as you do not need to carry a bulk of cash along with you; all money is stored in the card.

Benefits Of Owning One. Many credit cards come under the co-branded card programs. This program allows the cards to be merged with many different brands such as Visa or MasterCard. The benefit of this program and merging is that brands such as MasterCard and Visa are accepted internationally, giving you the advantage to use your card from any location at all. Benefits of the co-branded card programs include availability of instant cash. You may use the card irrespective of the time of day. The program as well as the card offers 24 hours service non-stop.

Let's Go Online. Since the cards are in the co-branded card programs, this allows you to make payments online as well. Brands such as Visa and MasterCard are widely accepted online. The buyer does not have to worry about having cash on hand in order to buy what he/she wants.

Because the cards are in the co-branded card programs, you can use them to make payments online as well. Brands such as Visa and MasterCard are widely accepted online as well, so you do not have to worry about having cash on hand in order to buy what you want.

Tension Free . Prepaid credit cards are the safest methods of carrying money as no robber would attempt to steal them. Credit cards require PIN numbers to which only the holder has access to. This allows the holder to be tension free as your money will not be confiscated.




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