Six Benefits of Using Prepaid Debit Cards

Most consumers today are only familiar with pre paid credit cards. They are very much knowledgeable of the advantages as well as the perks that they can enjoy by using these re-loadable prepaid cards. However, a lot of consumers are not that aware of the existence of prepaid debit card programs. So, when they receive offers for these unique prepaid cards, they often feel hesitant to accept them.

Still, credit consumers can have the assurance of receiving a slew of benefits from using prepaid debit cards. Now, allow us to tackle six of the most common advantages associated with the use of these re-loadable prepaid cards.

Benefits of Using Prepaid Debit Cards
1.They require no credit check. Most issuers of prepaid debit cards do not impose stringent requirements and credit checks on their applicants. This means that even if you possess a low credit score, you can still be approved to use your own prepaid card program.

Still a word of caution: you need to read carefully the fine print of your re-loadable prepaid card program. You need to understand the terms, requirements as well as the rates and fees     that will be imposed on your card. This way, you can evaluate whether the prepaid debit card you intend to get would really suit your needs as well as your budget.

2.They can be used locally and internationally. Prepaid cards that carry the logos of either Visa or MasterCard are actually accepted in all states of the US and many other countries worldwide. Leading merchants and chains of commercial establishments today rely mostly on card transactions and they will surely accept your prepaid debit card to pay for your online and offline purchases.

3.They allow you to withdraw cash from any ATM anytime, anywhere. If you need cash to finance an emergency, you can just run to the nearest ATM in your area and withdraw money from your debit account. This way you can have ample resources to fund whatever needs you may have.

4.They allow you to set your spending limit. Another good thing about prepaid debit cards is that they allow you to set your spending limit. You can load an exact amount of money to pay for a special purpose or need. This way, you won’t have extra money that you can use to splurge on impulse buying or on an unnecessary merchandise or item.

5.They offer convenience and safety. Re-loadable prepaid cards also offer convenience and safety. How? Well they let you load money on your card so that you won’t have to bring along with you large amounts of cash . This is one of the safest way to shop since you need not worry about getting robbed by pickpockets and petty thieves.

Still, you need to take care of your prepaid debit card. Treat it as cash and keep it hidden yet easily accessible when you are about to pay for your purchases or bills.

6.You can use them to build credit history. Some issuers of prepaid cards now report your card activities to the three credit reporting bureaus. So, it is now possible to employ your prepaid debit card to build or re-establish your credit history, as long as you use it responsibly.

We hope that this short article about the benefits of using prepaid debit cards helped you gain an appreciation for this unique card program.

About the Author

Tara Tiemann is a credit analyst for which has been a resource site for people who want to live debt free. If you are on a budget using prepaid debit cards, pre paid credit cards and prepaid cell phone service can save you big money!

About Liz Roberts

Liz Roberts is the new credit specialist for Go-Prepaid. If you are on a budget, we can get you discounted cell phone service from Sprint, Verizon and T-Mobile! NO CREDIT CHECK ! Using a prepaid services can save you a TON of money! Follow our blog to find out how!

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