Nowadays, everything has been made easy thanks to the rapidly advancing technology. The development of prepaid debit cards also referred to as reloadable debit card is a great innovation and many people are currently using them in their day to day operations. These cards are very smart, cost effective, and they will serve as a good way of carrying your money and paying any kind of bills you may be having. If you have a good and functioning prepaid debt card, it will be better than the bank accounts you may have been using for many years.
However, for any individual to experience the advancing technology and to be able to access your money without any complications, one should ensure that they have the best prepaid debit cards. There are many dozens to choose from, but you should always get the best. Many people confuse prepaid debit cards with credit cards but they are very different and each has its advantages.
One difference is that a prepaid debit card is pre-funded meaning that they only have the amount you have deposited. They are also advantageous than credit cards because they will not allow the user to extend his spending and run into problems with the provider. No over the limit fees anymore. Hence, they are useful in controlling your spending.
There are few things which will guide you into getting the best type of prepaid debit card. First and foremost, you should check the reputation of the issuer. There are many providers in the market, but you should go for the widely recognized issuer because, the percentage of people using them shows that their prepaid debit card are the best and thus why many people are going for them.
The best prepaid debit cards should also have all the features that you are looking for; hence, it should be efficient and effective in its performance.
Some of the common features of the best prepaid debit cards are
- Free direct deposit. This allows you access your money 1-2 days faster than checks.
- They are reloadable up to $10,000 as the maximum balance
- Have free credit score,
- Have zero monthly fees
- They offer a 100 percent guaranteed approval with no credit checks
- No overdraft fees
- Some have card to card transfer
- Easy bill pay which you can pay bills with, pay rent or write personal checks.
- Zero fraud liability protection from Visa and MasterCard prepaid debit cards
This last benefit makes them a better choice than using cash. There are no fraud protections if you lose your cash or your money is stolen. You do have those protections with a Visa or MasterCard prepaid debit card.
You also go for prepaid debit cards which have the lowest fees for your use. Hence you will not spend a lot of money activating them or when depositing your money among others. Some of the commonly used types are Upside Visa prepaid card, Netspend MasterCard Prepaid debit card and Account Now Gold Prepaid Visa card among others. Newcomers onto the market include Western Union and American Express prepaid cards which offer lower fees than many of the older popular prepaid debit cards.
Benefits of prepaid debit cards
These cards are important because they are easy to use and they don’t waste a lot of your time. This is because people regardless of the age can access their money easily without following many procedures. They are also essential because you can also access your money through the online means or by use of electronic kiosks. They are also beneficial because you don’t need to provide your personal information when making your transactions. Finally, prepaid debit cards are advantageous because, they help you budget you money, as you can only spend what is loaded in the card.
