Prepaid Debit Cards… Are They Worth It?
Saving your money has never been easier with the revelation of prepaid debit cards. Now-a-days, it seems like just about anyone can obtain one (assuming your over 18.) What is a prepaid debit card and why is it so beneficial? Well, not only does it build credit and let you purchase online but its also safe and allows you to manage your money better.
To keep it short and sweet, prepaid debit cards also offer many things your average bank would and then some. For example, online banking. With a prepaid debit card you can manage your account online including your transaction history, setting up direct deposits, etc.
A select few also allow you to pay bills with your card online or through auto bill paying software. At the same time many prepaid debit cards, like banks, are FDIC insured. This ranges from each prepaid debit card provider so double check with each issuer.
Prepaid debit cards are also safer then carrying cash. If your prepaid debit card is lost or stolen, report it immediately and you’ll be issued another card in most cases (for a small additional charge.) You can’t do that with cash, once its lost or stolen you won’t get it back.
Don’t forget the benefit of having direct deposit added to your account for FREE. Avoid from standing in those long bank lines on payday and have your checks automatically added to your bank accounts so you can have immediate access to your funds.
Lastly, many of the prepaid debit cards do not require a minimum amount ‘nor do they have any security checks so your sure to be approved without any issues. Just make sure you keep your prepaid debit card in good standing to build good credit.
The Final Answer:
Yes, prepaid debit cards are WORTH it. Its a mix of a credit card (the online purchasing benefit, the safety of your money) and a bank account (online banking and bill paying, monthly statements, etc.)
I’d highly suggest you try out the AccountNow card in the sponsor’s blog of this post. They have so many benefits and are the CT Recommended Card…
Email This Post
(No Ratings Yet)
Loading ...
