Prepaid cards a bank account alternative (also known as reloadable credit cards that have Reloading capabilities) have a lot of benefits. The first one is that they will help you budget your money, so, therefore, it is an effective budgeting tool.
Since you load your own money on these cards, once your money is spent, it is just spent. You cannot spend more money than you have like with other credit cards. Also, since it is your money, your card cannot go into overdraft which saves you the cost of overdraft fees, so you will have No overdraft fees. Another benefit of reloadable credit cards is privacy.
Prepaid Privacy & Fraud Protection
Privacy is another benefit of reloadable cards as you do not have to share any personal information, therefore you do not have to be concerned about your identity being stolen. Some reloadable cards also give you the opportunity to reload a card online, so you do not have to go to a store every time that you need to reload your card. You can also use your card to get money from ATM machines.Fraud protection is also a perk of reloadable credit cards. They also offer fraud protection. Reloadable credit cards also offer you no credit risk as a benefit. For instance, if you are about to buy a new home and also need to make a big purchase at the same time, the balance on other credit cards will show up on your credit report while your potential lenders are checking your credit report. Whatever you buy with your reloadable credit card does not appear on your credit report which means that your potential lenders will not have access to this information. All of these benefits are why these Prepaid cards grow in use. I am going to share with you information about some of these cards now.
AccountNow Prepaid Visa
As one of the prepaid cards, it does not charge you for direct deposits and has no annual fee. It is a great way to pay your bills without having to worry about an annual fee. There is no fee to get this card and anyone can get this card since there is no credit check. There are a lot of benefits of this card as well. Benefits of the AccountNow Card.
- One benefit of this card is payments can be made online or by setting up to pay your bill on a recurring monthly basis.
- It is easy to reload your card. You can do it via Paypal or at 135,000 different store locations throughout the United States.
- You can access your money at all times. With the benefits of direct deposit and online banking, you have access to your money without going to a check cashing center or waiting in long lines.
- This card is safer than cash. You can have your money on a card that only you have access to.
- Their customer service team is very friendly and knowledgeable. They are prepared and ready to fix any problems that may arise with your AccountNow card.
NetSpend Prepaid Visa
The NetSpend Prepaid Visa is a pay-as-you-go card with no monthly fee, but it does charge a small purchase fee and $2.50 for taking money out of an ATM. One benefit of this card is when you use direct deposit you get paid two days earlier than you normally would so you will have your money sooner which makes it an Efficient budgeting tool. You can also use your mobile phone to add money to your card just by taking a few pictures of your check. It is one of the best-prepaid cards because you can add money to your card at over 130,000 locations like grocery stores, gas stations, convenience stores, and check cashing places which means it has great Reloading capabilities.This Prepaid cards a bank account alternative because you can easily send money to family and friends instead of only being able to send them money to your bank only if your bank at the same bank.
Chase Liquid Prepaid Card
The monthly fee for this card is only $4.95 and you can access over 16,000 ATMs throughout America for no charge. This card also has No overdraft fees, there is no charge to get the card, and you can reload your card for free when you use direct deposit or at any Chase ATM or by using Chase Quick Deposit. With great cards like these, prepaid cards continue to become more popular. They are why Prepaid cards grow in use.