Choice of cards

Published on 14 July 2012 by Raffick Marday

Choosing the right debit card for you

A prepaid debit card is a special kind of a card that is not connected with the balance in a customer’s bank account unlike a credit card. Instead of linkage to a customer’s bank account, you can obtain the debit card and deposit the money for use at a later stage.

A prepaid debit card is like a bank account, which accompanies wherever you go, you can recharge the card balance whenever it hits a low level and then start using it for making expenses again right away.

Make an inquiry about the Cashing Locations

You have to get a complete idea about the cashing locations of the prepaid debit cards by having your employer or any business client deposit funds directly into the prepaid debit card account. This can leave you with the highest amount of accessibility to the funds.

Keep a record of Your Funds

Once you have subscribed to a prepaid debit card, there is no need to fret about carrying around cash with you all the time as the prepaid debit card contains all the money that you would like to spend . The best part about a debit card is that like credit cards they provide you with a special security feature. A prepaid debit card cannot be used by anyone else unless they are aware about your personal I.D. or PIN number.

An excellent amount of cash accessibility is ensured to you at all the times with the help of a prepaid debit card. You can use your card for making expenditures at online stores or utilise them to pay for the expenditures when you indulge in shopping on the Internet.

One can easily take the card with you from one job to another. You control the balance on the card and can give the bank account number to the current employer who can then transfer your monthly income direct deposits in to your salary account.

Advantages of Prepaid Debit Cards

There are distinctive advantages of using this type of a card, as it is easily available for anyone who is over the age of 18. So even if you have a previous history of poor credit , a prepaid credit card may be a convenient choice for you to avail funds whenever you like.

A prepaid debit card can also be availed by all those people who have a poor credit history without undergoing through any kind of credit checks. As far as the safety factor is concerned, a prepaid debit card is a far safer mode of carrying money than in the form of cash. Making payments with plastic is sometimes quite secure and an easier method of making payments especially when it comes time to checking out from a hotel.

The credit limit gets determined by the amount of balance on the card, one does not need to make monthly payments like in the case of credit cards. This saves you from the hassle of making payments for credit bills and the danger of paying late default fees .

Generally a prepaid debit card comes with a minuscule subscription fees and one might also be charged an application fee apart from a minimal fee for monthly maintenance.

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