Prepaid Cash Cards Tips

Anyone who surfs the net or watches tv is bound to come across an advertisement to get a prepaid debit card. Initially, these cards were created for the credit score challenged – those who had poor credit and no other means to obtain any type of credit card and they were frequently associated with low-income or unemployed people. Today, people are finding that prepaid bank cards are quick and easy to use.

You can send money to someone across the country without needing to use your interest bearing credit cards. The same as credit cards, you can use these cards anywhere that displays the MasterCard or even VISA logo. You can also use them on certain ATMs (depending on the card) to withdraw money.

What’s the?

A credit card gives you a line of credit, which you have to pay back. A prepaid debit card is loaded with a specific amount that you put on it and that determines your spending limit.

Eliminate scams

With advancing technology and the increasing number of identity thefts, using a prepaid debit card is an easy way to make purchases or send money with out revealing your personal information and because these types of cards will only allow you to spend whatever you have put on them, even if your own card gets lost or taken, they thief will only be able to access what is available on the card.


Prepaid debit cards are a perfect way to assist teens develop good spending practices. Parents load a certain amount of cash within the card (perhaps even their allowance) and when it’s gone, it’s gone. This is great for young teens travelling away from home.

College students

For students who are away at college, parents can load money on the card getting rid of the need to send checks, worry about overspending on charge accounts, or overdrawing bank accounts.

Sending money to other people

A prepaid cash card is a convenient way to send money to others. Cash is risky and not suggested. Local money transfer retail places can be expensive. Money orders and checks, they have to go to the bank in order to cash. With a prepaid card – they will receive the card, activate it, plus they are all set. If you send money in order to someone on a recurring basis, you are able to load the card from your location and they will receive the funds on their card. It just doesn’t get any simpler than that.

Picking the right cards

Although most cards all operate a similar fashion, some have their own stipulations. Here are a few things you should check before choosing your card.

Is there an activation fee?
Is there the fee to load money?
Is there the fee to withdraw money?
Will there be a certain amount put on “hold status” in case used at a gas station? (Some hold as much as $50. 00 till the payment clears).
Can I reload our card online
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