The Application of Prepaid Cash Card for Consumers

There are more and more type of prepaid card exist in the market nowadays. For eg, touch & go card, ATM card, mobile prepaid card, debit card and many other.

Then WHAT are prepaid card?

Prepaid card are the card that have the amount value of money that the holder put enter into a card for transaction purpose. It also a reload able debit card allows you to only spend up to the amount you have pre-deposited into the account.

Though the functions are about the same as a credit card, but a prepaid cash card can be consider as opposite of credit card. Credit card perform transaction where the holder owes a 3^rd party money, where else prepaid card perform transaction where the holder have already pay earlier.

Prepaid cash card allowed customer to have a better control over their finance. This is due to it limit the user spending limit to the amount the user have enter into the card. Besides that it provides consumers a better alternative in keeping record of your spending.

Other than that, a prepaid cash card is surely safer than carrying cash. Consumers refer Prepaid Cash Card because they act virtually the same as cash only with more security. It also has security features, such as personal identification number (PINs) protect consumers against theft and fraud

For those who find it hard to get credit, prepaid card can help you take control of your finances, if you have found normal credit card interest rates too high and the balance offered too tempting. You can be confident that you will stick to your budget with a pre-paid card, as you are the one who sets it by deciding how much to top-up your card with. Moreover, most prepaid credit cards can enable you to need not longer to carry cash when shopping because you may use an ATM to withdraw money. Besides, it also can be at home and abroad transfer funds to send money to other cardholders shop on the internet with security. As for Visa’s prepaid cash card, it’s offer a secure, cost-effective and convenient alternative to paying by checks or cash. These products enable many consumers to access their pre-funded pool of funds to make everyday purchases, pay bills, and even receive direct deposits with a Visa prepaid cash card.