Prepaid Cards

The Advantages and Disadvantages

What is a Prepaid Card?

  1. A prepaid card is a payment card that is loaded with money by you or someone else. A prepaid card looks just like any normal credit or debit card, with a card number, signature strip and company branding. But prepaid cards are unlike credit cards, which provide you with a line of credit


Its limits you to what you can buy and how much you can spend because there is only so much money on it. There is no chance of you going over your spending limits. You can also recover your money if it is stolen. Looks just like a normal credit card.


Gets people used to using plastic which would not be good. Gets you lazy cause you don't have to keep track of the money really. Also sometimes there is a small set up fee when you purchase the card.