Prepaid debit cards are quickly gaining popularity in the world as a top method of payment for consumer purchases. Prepaid debit cards are plastic cards that resemble credit cards in many ways. The difference between the two cards is the way that they are funded. Credit card balances include revolving loan balances that the credit card company adds to the card. Consumers fund prepaid debit cards with their own money, so there is no credit. Once the consumer uses the funds on the card, he or she must place additional dollars in the account. If you do not yet have a prepaid debit card, then you may consider trying one just to simplify your finances.
How to Refill a Prepaid Debit Card
Replenishing the funds on a prepaid debit card is simple. Card companies usually offer several options. For example, you can add money to your Kaiku Visa prepaid card in a number of ways. You can move money from your bank account to the prepaid card. You can visit a MoneyGram location and put money on the card in person. If you have a PayPal account, then you can perform a PayPal transfer to move money from that account to the prepaid debit card. If you have a job, you can request that your employer deposit your paycheck to the prepaid card. Additionally, you can move money from another card to your prepaid card. The in-person cash load is the fastest way to get usable funds on your card.
How Prepaid Debit Cards Work
Prepaid cards work just like credit cards in terms of spending. Most prepaid cards come with a Visa or MasterCard logo. Millions of companies accept both logos across the globe. Consumers with prepaid Visa or MasterCard items can use them to purchase fuel, groceries, electronics, memberships, rental cars, hotel rooms and online goods.
How to get a Prepaid Debit Card
The best thing about prepaid debit cards is that you do not have to have perfect credit to get them. In fact, you can have poor credit and still have a prepaid debit card. You will have to complete a brief application that will ask you for identifying information such as your age and social security number. Your card should arrive in seven to 10 business days.
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