The Amazing Prepaid Debit Cards: Here’s Why You Should Own One


Not everyone may be aware of it but huge personalities and celebrities like Suze Orman, Magic Johnson, and the Kardashians share one thing in common—at one point or another, they have promoted and marketed a prepaid debit card.

However, regardless if celebrity-endorsed or otherwise, more and more people are now using these so-called plastic cards—debit, credit, prepaid debit card—to perform withdrawal and purchase transactions.

With many options now available at people’s disposal, it’s easy for people to mistake one card for the other. The good thing is even if most cards look pretty much the same, they actually have a lot of distinct differences.

For instance, not everyone may be aware but prepaid cards differ from credit cards in a lot of ways. For starters, while users of credit cards are allowed to borrow money through withdrawal or purchase transactions, the same cannot be said when it comes to prepaid debit cards.

Users of prepaid debit cards know that the card is rendered useless if no money is loaded or available on the card. In other words, money has to be loaded onto the card first before users can use it for any transactions.

Apart from the unbelievable convenience and ease prepaid debit cards offer, users can also enjoy other enticing benefits and features. If you’re still not convinced, below are some of the reasons why you should own a prepaid debit card:

You can easily obtain one

Unlike credit cards, getting your hands on a prepaid debit card is surprisingly a lot easier. For starters, you won’t be asked to submit financial documents just to get one. In addition, you also won’t need to give out personal information when applying for a prepaid debit card.

That being said, you are also spared from the hassles as well as the risks of providing personal information (and possibly having them compromised) since your personal data won’t be stored in a database.

You can use them as an effective budgeting tool

If you find managing money accordingly and curbing overspending to be quite challenging, you’d be delighted to know you are not alone. The good news is, using a prepaid debit card might just effectively solve those challenges for you.

You need to remember that once you deplete the balance on your prepaid debit card, you won’t be able to use the card until such time that you are able to load money onto the card again.

So yes, you won’t be able to borrow money from the bank and pay it back at a later date just like you would a credit card. You also won’t be able to spend or splurge beyond what you’re supposed to since you are limited by the balance that’s available on your card.

You won’t have to pay any exorbitant fees and charges

If you have a checking account, it is possible that you’ve been subjected to those overdraft charges that are off the roof. Thankfully, with a prepaid debit card you won’t have to worry about shelling out money for those costly overdraft fees and charges.


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