Advantages of Prepaid Debit Cards for Day-to-day Living

Many people choose debit cards over credit cards for some good reasons. This article focuses on the practical advantages of prepaid debit cards for your day-to-day living.


  • Spend only the money that you have. Debit cards do not have credit lines so you are limited to only the amount of money deposited in your account. This limitation can actually be a great thing to help people exercise more control over their spending. If you don’t have funds in your account, you won’t be able to make purchases so you can avoid unplanned purchases.



  • You’re spending is limited to only what you can afford. Credit cards give its holders the freedom to spend more that what their budget permits. Prepaid debit cards may not provide that much freedom but for people who find it difficult to control their spending or manage finances can greatly benefit.



  • A convenient tool for small business entrepreneurs. For small business owners, prepaid debit cards can be valuable tools for sending and receiving payment. If your suppliers or freelance workers live far away or even outside the State, paying with debit cards is a great convenience.



  • Prepaid debit cards are convenient for transferring money. Parents who need to send their kids to college should think about getting debit cards for them. These cards are a safe and convenient way to send funds at any time.



  • Company owners can use prepaid debit card in paying employees. Owners of large enterprises or companies can use debit cards to manage their employees’ payroll. It is convenient not just for the business owner but for the employees as well particularly when it comes to withdrawing salary. An employee can withdraw his/her wages in full or leave a balance from ATM machines at any time he wants to.



  • Debit cards are useful tools for those with no bank accounts. If you haven’t yet opened a bank account and you need a card to take with you, why not apply for a debit credit card first? This is a good option especially if you need to go on travel. Debit cards can be used anywhere so you won’t have to bring big cash.



  • Prepaid debit cards are easier to avail than credit cards. Applying for a credit card is generally more complicated than acquiring a prepaid debit card. Debit card issuers don’t do credit history check on individuals so you are guaranteed to get an approval regardless of your credit score. Unlike secured credit cards, debit cards do not require a security deposit for you to get started.



  • Build credit. Many debit cards also have a feature called Credit Builder. This means they will report your debit card to the credit bureaus and you can build or rebuild your credit.


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