A prepaid card is handy, but it can be confusing to understand exactly how to get the most out of it if you haven't used one before. A prepaid card works exactly like a credit or debit card. You just top it up with money before using it, and then, you'll be able to pay for any goods or services, both in person and online, as you would with any other card. The key difference is that you top up the card. It's not linked to any bank account or credit account. This means that when you have used up all the money on the card, you can't use it anymore until you top it up again. The card won't take money out of your bank automatically, and won't start adding debt to the card because there's no money on it.
This is useful for several reasons. The first is that by carrying a prepaid card around with you, you don't have to worry about bringing cash. You can use the prepaid card in the same way you may carry $100 of money around with you to pay for day-to-day goods. But then, while cash may be more , a prepaid card can live safely in your purse or wallet without any of the anxiety around carrying cash. Another advantage is that the card can't be used after it has run out. This may be useful for teaching teenagers or younger members of the family how to use a card, and then budget with it. It's also a great way to give people money without worrying about them losing it. The inability to spend more than what's on the card will limit any abusive spending. Also, a log of where the card was used and what the money was spent on will be kept, meaning it's far more convenient to track down what money is being spent on.
You can get your card from any reputable source. We recommend the . When you receive your card, there are several steps to be taken before you can start using it. First, you'll have to confirm that your new card has successfully arrived with its PIN. You'll then need to sign the card to authorize it to be used for payments. The best way to make sure the card is ready to use is to log in to the card provider's website, and then navigate to the relevant section that allows you to activate your card. You may also be able to activate the card via phone or in person if you prefer.
Once the card is active, you can then start to add money on it. The best way to do this is online again, but you can also go to your provider's branch or go to a post office to top up your card. Now that you have cash on your card, you can start using it with all the benefits that come with a .