There are many advantages to using prepaid cards. One of the main advantages is that with a prepaid card, you never have to worry about going into debt. The money you put into the card is your own money and is therefore, much like a gift certificate, only the money came from you. Once the money is gone, you need to add more in. You can add more in at any time, however, and you can check the balance anytime you want on-line or calling them on the phone so you never have to worry about how much money you have on your card.
Another great thing about a prepaid card is that you can build up your credit at the same time if you pick the right type of prepaid card! Building up good credit is important for being able to use credit on a low interest rate, such as loans. Even though there are some types of prepaid credit cards that will allow you to build up your credit as you use them, there is usually a fee you must pay since it is considered to be, in many instances, an extra feature on the card you are choosing to use.
Paying for things on a prepaid card is easy to use, just like returning things on the card. When you pay for things using your prepaid card (or when you need to put money back on your card), just swipe your card and then select credit, even if you are using a prepaid debit card. The credit is basically credit from you, not from the credit card company, so you will never run the risk of paying interest. If your money gets lost or stolen, you will be able to get your money back just like on any other typical debit or credit card.
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