subject: Best Way Of Using Prepaid Cards [print this page] Technology has seen a lot of improvements and changes in peoples lifestyles; now it has started inflicting changes to the way people purchase goods and services. Any purchase mandates the use of an electronic card, and this is the reason why people find it practical to apply for a credit card or a debit card or even a prepaid card. A cash card is usually different from a debit card in the way that it does not link to your bank account.
Secured Credit card
A prepaid card is also called a security card; it is like a regular credit card except that the credit limit is much lower than a regular card. The amount you can swipe the prepaid cards for is limited by the amount of security deposit that you make to use the card. Prepaid debit cards uses available funds from your bank account while a prepaid credit card can be used for making purchases on credit.
The best thing about the prepaid credit card is that the account holder has a purchasing power proportional to the security amount that he pays up front.
Prepaid MasterCard
The prepaid MasterCard is re loadable and it can be used in places which accept MasterCard. The best thing about the prepaid MasterCard is that it can be used on any debit network that supports MasterCard through a signature transaction or by entering a PIN number to pay for goods and services. Not only can you use prepaid cards online but also you can use it for the basic amenities that you purchase at retail shops.
How to reload prepaid cards
Reloading prepaid cards is as simple as going to the bank and asking the teller to channelize your pay slip to the prepaid card. Since this does not mandate the presence of a bank account, prepaid cards are extremely handy.
