Prepaid Card

Prepaid Card

The perfect occasion needs a perfect gift and nothing matches the convenience of gifting your loved one a prepaid card using which they can buy whatever they want.A prepaid card is just like a credit or a debit card in the way it looks. Prepaid Card has a card number, a company that issues it and even the signature strip. But the similarities almost end here and the differences begin; the first of the differences being that it comes pre-loaded with money. A prepaid card cannot be used as a credit card as it has to be preloaded with money and only the amount loaded can be spent. It is different from a debit card as it is not linked to any bank account and overdraft facilities are hence not available with these cards.

Benefits of pre-paid cards

• These cards can be used to buy goods and services without the hassle of cash transactions
• While travelling overseas the travellers’ card makes it possible for you to travel without having to carry cash.
• These cards can be used for a variety of purposes like paying outstanding bills using mobile phones too.
• The prepaid cards can be used to withdraw cash from ATMs.
• It helps you to plan your expense and spend only what is budgeted.
• The reloadable card allows you to add extra funds as and when required.
• Even individuals with bad credit are eligible for the prepaid cards.
• Using prepaid cards is easy and it is readily available in the market.
• The prepaid telephone cards are a boon to people who make overseas calls. The amount spent is always under check.
• The gift card is ideal when you do not know what to buy as a present and gives the flexibility to the person receiving the gift to choose what they need.